 Last week we concluded our inaugural Executive Programme ‘Strategy for Listed Real Estate – What Good Looks Like’ with INSEAD. The first informal feedback I received from some of the participants is very encouraging and I was very pleased to hear that the course was judged informative and thought-provoking. This feedback will serve us to organise future programmes, which hopefully we will be able to hold in person.
We also held another virtual Asia Week, which saw almost 60 one-on-one meetings between five EPRA members and 16 investors from Asia. It is a permanent offering for EPRA members, on a biannual basis. Should you wish to participate in future editions, please reach out to io@epra.com.
In the meantime, I would like to draw your attention to another ongoing, recently launched initiative, the EPRA Mentoring Programme. Addressed to women working in property companies or real estate investment, the programme is a unique chance to support the listed real estate’s talent pipeline. You can find more information about becoming a mentor or a mentee in the core of this brief.
Don’t forget that this year’s EPRA Conference (20-24 September) will be partially physical again. We have planned four days of virtual companies and investors meetings, and an in-person exciting main day in Brussels. Discover the full programme, and register now to secure your spot as we have a limited capacity and places are filling up.
Finally, and as always, I would like to welcome our newest members: Aventos, Chiomenti, Claresco, R8 Properties and St Modwen.
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Advance your career, develop your leadership skills
EPRA launched a mentoring programme for its members to support and empower women in their careers, help them develop their skills and increase leadership succession. The programme is addressed to all senior level female candidates, both from property companies and investors, who wish to further their career objectives, overcome barriers and increase self-confidence in their workplace. They will be matched with female or male professionals from C-suite level and management teams from companies member of EPRA. You have until July 15 to apply to become a mentor or a mentee. The programme is free of charge and open to EPRA members only. Don’t wait any longer, fill in the application form and join the EPRA Mentoring Programme today! For more information contact diversity@epra.com.
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The Commission delivered on its ambition for corporate sustainability reporting
At the end of April, the Commission adopted a proposal for a Corporate Sustainability Reporting Directive (CSRD) as part of the review of the Non-Financial Reporting Directive (NFRD). In line with EPRA’s advocacy efforts, the CSRD introduced the following changes:
- Gradual expansion of the scope, starting with all large companies and moving to all remaining companies which are listed on EU regulated markets (except listed micro companies) as from 2026;
- Reporting requirements which are aligned with the EU Taxonomy;
- Mandatory EU sustainability standard with a sector specific layer.
EPRA was very active on this dossier and provided recommendations to the Commission through the public consultation and a position paper, where we explained the need (1) to increase the scope gradually, to encourage voluntary reporting; (2) to focus on a sector-based standard to increase data comparability. The Commission then tasked EFRAG (European Financial Reporting Advisory Group) to advise on the potential non-financial reporting standard. As part of its work, EFRAG liaised with EPRA seeking more information about the sBPR – Sustainability Best Practices Recommendations. In its report published in March 2021 on the development of EU sustainability reporting standards, EFRAG outlined that one of the building blocks for NFRS is to ‘foster sector-specific sustainability reporting’. As a follow up, we call on all the relevant stakeholders to get in touch with EPRA at sustainability@epra.com or publicaffairs@epra.com to further discuss market experience and long-standing practice on sector specific sustainability reporting in Europe.
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IPF Research: Global pathways to net zero carbon
The Investment Property Forum have launched a research project evaluating the transition of the global real estate market to net zero carbon emissions. The research aims to support investors, investment managers and administrators of net zero frameworks with information on how the international real estate sector is responding to the net zero agenda and highlight issues and challenges that this is creating by asset type, investment region and other factors. You can help with the research by filling in the online survey, which will remain open until July 5.
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Selection for your agenda
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