The Green Economy Financing Facility, supported by the EBRD and the European Union, has reached 25,000 households across the Western Balkans. Marking the milestone with a family in Vrčin near Belgrade, the initiative provides loans and grants to improve residential energy efficiency, cut electricity costs, and install clean energy technologies such as solar panels and heat pumps across the region.
Principal Asset Management and Longevity Partners have launched REsponsible Asset Solutions, a platform aimed at decarbonising institutional real estate. The joint venture combines $108 billion asset manager Principal’s investment experience with Longevity Partners’ engineering and implementation capabilities. Tested across 14 pilot properties, the model targets an overall 37 per cent drop in energy use while creating over $10 million in additional value at asset exit.
South Korean builder GS E&C has partnered with CRA, an architecture and design group led by MIT Professor Carlo Ratti, to research climate-resilient housing concepts. The project analyses the impact of extreme weather, heatwaves, and fine dust on homes using sensor data. Following feasibility testing, the firm plans to roll out these protective technologies across its premium Xi residential apartments.
Dubai Islamic Bank has introduced its Unlocking Sustainable Finance initiative, starting with an inaugural real estate forum in the UAE. The event gathered 80 industry leaders and concluded with major green property agreements alongside the launch of the bank's client advisory platform, Green Concierge.
World Environment Day is a prompt. What matters is everything before it. From Asia-Pacific real estate to European hotel groups, and a landmark EU directive that came into force this month, we look at the organisations and governments proving that sustainability has moved from the edges of the built environment to its centre.
Hospitality leader Accor has launched a five year global eco-initiative to test and scale resource-saving technologies across its international network. The project targets the validation of over 100 environmental systems by 2030, beginning with an intense operational focus on commercial water efficiency. Partnering with non-profit Water Unite, the company will pilot advanced recycling and reuse systems across its portfolio.
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