Nature has always been the most important balancing place for me just as real estate has been my professional center for more than 35 years. The changes in climate and environment fascinate me and are shocking at the same time. At workcloud24, we therefore try to make our world a little bit better and support our customers in the challenge towards ESG compliance in the best possible way.
When I founded workcloud24 in 2019, we planned to develop digital office management solutions.
During the lockdowns, we realized that the traditional use and management of offices would have to be rethought to meet the demands that hybrid working would bring in the future.
In designing and planning over 50 projects as a “Space as a Service Center”, we have found that ESG is becoming increasingly important and projects that address ESG as a central theme are far more attractive to clients while generating higher returns.
As we become more familiar with ESG, the magnitude of the challenge facing the real estate industry becomes apparent. The EU has taken the “Green Deal of 2019” as an opportunity to steer investments into the most sustainable assets possible and with the enactment of the EU Taxonomy in June 2021, has set the preliminary framework for this.
Since then, ESG compliance has been at the forefront of every acquisition review and it is only a matter of time that tenants adapt this behavior.
Banks are encouraged to increase the green content of their portfolios and very soon ESG compliance and ESG risk assessment will be an integral part of lending guidelines.
In summary, this means that no one can afford to wait or even ignore the requirements.
For medium-sized companies in particular, it is impossible to keep track of all the resulting fields of action and measures to be taken and to do justice to them.
The challenge lies in the lack of guidance provided by valuation and reporting standards commonly used in the market.
At workcloud24, we have made it our mission to support our customers pragmatically by using tried and tested processes as well as stable, secure systems to make real estate fit for the future.
The ESG software we use is already in use on over 600 properties with over 12 million square meters of floor space. We stand for competence, safety and fairness, from practice for practice!
CDO & Founder
Huber Abt, Founder & CDO workcloud24 AG
Founder & CDO
Head of Planning & Design
Chairman of the Supervisory Board
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