As a sustainability advisory company with over 35 years of experience in the construction sector and real estate property development we are uniquely positioned to advise and guide real estate owners and investors in the transition to a net zero economy which incorporates socio-economic strategies into their business models.
Sustainability is not just a trend, it requires core principles to be integrated into every aspect of a real estate project. With our extensive construction delivery experience and knowledge, we can help our clients achieve their sustainability goals and create buildings that are not only beautiful and functional, but also environmentally responsible, which benefits both owners and occupants in the long term.
How OSA can help?
Providing guidance on sustainability practices, helping clients to reduce their carbon footprint, increase energy efficiency, and achieve environmental targets.
Cost-saving opportunities by reducing waste, lowering energy consumption, and improving resource efficiency.
Implementing sustainable practices can improve a company's reputation and make it more attractive to customers, investors, and employees. OSA can help clients develop sustainability strategies that align with their values and goals.
Companies are subject to an increasing number of environmental regulations and standards. OSA can assist clients to ensure they comply with these regulations and avoid penalties and fines.
Identify innovative and sustainable solutions that can differentiate their business from competitors and create new opportunities for growth.
Assisting our clients with their stakeholder engagement strategies for sustainability issues, improving communication and enhancing relationships.
Developing reports that set out our clients sustainability performance, demonstrating their commitment to climate change and transparency.
Identify environmental and social risks, reducing the likelihood of reputation damage, legal liabilities, and financial losses.
Planning, executing and managing projects in a way that minimizes negative environmental, social, and economic impacts, while creating long term value.
Real estate asset owners do not comply with the EU 2050 net zero target
The EU's 2050 net-zero target aims to reduce greenhouse gas emissions to zero, thus limiting global warming to 1.5°C. Real estate asset owners have a fiduciary duty to address net zero, as this has direct implications for stranded asset risk, in addition to regulatory and political risk. Failure to comply with the EU's 2050 net-zero target in real estate, both commercial and residential sectors could have the following negative consequences:
Due to increased carbon taxes, penalties, and compliance costs associated with carbon emissions. This will result in lower asset values.
Real estate asset owners who do not comply with the net zero target may face higher operating costs, such as increased energy bills and higher taxes on carbon emissions.
Real estate asset owners who are not compliant with the net zero target may face increased regulatory scrutiny.
Banks and other financial institutions may be hesitant to provide financing to real estate asset owners who do not comply with the EU's net zero target, as they may be viewed as a risky investment.
Increased legal risks for real estate asset owners. The EU and individual member states are likely to introduce stricter regulations to achieve the net-zero target, including penalties and fines for non-compliance.
Real estate asset owners who do not comply with the EU's 2050 net-zero target could also suffer reputation damage, which could impact their ability to attract and retain tenants, customers, and investors.
Failing to comply with the net zero target could exacerbate the impacts of climate change. This could have significant negative consequences not only for real estate asset owners but for society as a whole.
However, complying with the EU climate legislation can have positive impacts for real estate asset owners, including cost savings, increased property values, positive reputation, legal compliance, and futureproofing. It is therefore essential that real estate asset owners take action to reduce their carbon emissions and align with the EU and Irish climate legislation.
We need to move away from the taxonomy of denial and embrace the fact that climate change is a real treat to future generations, who are our sons, daughters, and grandchildren.
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