Inspire Real Estate - BNP Paribas Real Estate Integrated Reporting
Real Estate for a changing world
Find all our governance information: organizational overview, reporting practices and entities included.
Our sustainability strategy, business conduct policies and practices.
Discover our CSR policy and commitments – BNP Paribas Real Estate is committed to investing in living assets
Description of our performance through our indicators, and link with international benchmarks.
All BNP Paribas Real Estate publications.
The importance of buildings and real estate in carbon emissions combined with the scope of our real estate activities and their location in Europe, lead BNP Paribas Real Estate to make a strong commitment to a low-carbon path.
All business lines
Corporate Real Estate Promotion
Business Real Estate Development
Commercial Property Development
Real estate in the broad sense, both in terms of construction and energy consumption, is responsible for around 30% of carbon emissions at European level, equivalent to the volume of emissions from the transport sector.
BNP Paribas Real Estate is able to intervene at all stages of the building’s life cycle, both in France and in several European countries, through its various activities, Residential and Tertiary Promotion, Investment Management, Property Management, Transaction, Expertise and Consulting.
Faced with this responsibility, expressed in a low-carbon policy for our entire company, we are committed to reducing carbon emissions in a concrete and effective way in all our businesses.
Our low-carbon policy is based on 10 commitments organized according to 5 principles, which take into account emissions related to our own action as well as emissions related to the buildings we build, manage and administer.
This principle covers emissions from our own activities, including the carbon emissions associated with our operations, including offices and business trips, an area where significant progress has been made over the past five years.
BNP Paribas Real Estate has committed to measuring and reducing carbon emissions from its operations since 2016.
The annual carbon emissions balance shall take into account :
The continuous improvement work carried out by BNP Paribas Real Estate has led to a very significant reduction in these emissions, from 1.62 tCO2e/FTE* in 2016 to 1.20 tCO2e/FTE in 2020 (-26%) and to 0.95 tCO2e/FTE in 2022 (-41% vs. 2016).
* ton equivalent CO2/Full-time equivalent
This principle addresses emissions from the buildings we build, renovate and manage. The reduction potential on these products and services is considerable, as it represents nearly 50 times the emissions linked to our activity.
First, BNP Paribas Real Estate assesses each building’s potential to improve carbon emissions, identifying its source and taking stock.
For new buildings,the carbon performance takes into account:
For existing buildings, the carbon emissions of the consumption, both in the common areas and in the private areas, are assessed.
In the New buildings, the new French RE2020 regulation provides for a reduction in energy consumption compared to the previous regulation and a maximum threshold of energy-related carbon emissions, as measured by the ICenergy index, expressed in kgCO2e/m².
In existing buildings, energy consumption for all purposes is the main source of carbon emissions. For France, the recent ‘eco-energy tertiary’ regulation (termed the ‘tertiary decree’) set a first objective of reducing energy consumption for all uses by 2030 for buildings developing more than 1 000 m² of tertiary activities.
The reduction in emissions from materials and equipment used is all the more important because they occur from the first year (or years) of the life of the building during its construction or renovation: in residential buildings, they represent about 50% of the carbon weight of the building over a 50-year life (Life Cycle Analysis), and reach almost 75% in tertiary sectors.
This principle relates to measures to amplify the carbon performance of buildings.
It is appropriate to provide for technical and architectural characteristics that allow an intensive and diversified use of buildings and thus reduce their risks of obsolescence by increasing their lifetime.
Whether residential or tertiary use buildings, the criteria for the choice of buildings for occupants and users evolve over time. Buildings are exposed to the risk of no longer being adapted to the uses of their time.
Movements related to the use of buildings can represent a very significant carbon burden, sometimes greater than that of the operation of buildings. For new real estate and renovations, we prefer operations near public transport.
For new and existing equipment, the installation of equipment that promotes or allows different mobility or uses that are less carbon-intensive may also be considered.
This principle concerns measures to facilitate and accompany this low-carbon policy.
Raising the awareness of building owners and accompanying users to ensure proper exploitation also means making them aware of their own capacity to reduce their carbon footprint and maintain the performance and attractiveness of the building.
As a major player on the European market, BNP Paribas Real Estate also has the opportunity to involve its suppliers in their rise in low-carbon expertise and benefit in return from their know-how and innovative solutions.
BNP Paribas Real Estate has a presence in the real estate sector, intervenes in the sustainable building sector and has a duty to act both internally and with its external partners.
This principle relates to the initiation of compensatory actions. Reducing a building’s carbon emissions dramatically will not achieve the 2050 target of zero emissions. This can only be achieved by implementing carbon capture solutions that match the building’s residual emissions.
Achieving zero emissions by 2050 requires solutions to offset emissions during construction and operation, contributing to carbon capture, for example through the development of carbon-trapping forest parks.
It is therefore important to start developing such solutions and ensuring their effectiveness.
Director Sustainable Development and CSR
BNP Paribas Real Estate is committed to providing sustainable, low-carbon, resilient, inclusive and wellbeing housing. Taking mobility into account in the design and management of buildings is one of the challenges of the city of tomorrow and it is up to us, as a real estate leader, to support our clients in this process that will help them reduce their environmental footprint.
We continue our efforts to reduce emissions related to our business, focusing in particular on :
For new and renovated buildings developed by our promotion teams
For Asset Management buildings
For Property Management
For new buildings developed by our promotion teams
For existing buildings under management and administration
In new as in renovation
On the construction phase
Take into account the location, urban environment and public transport connections of each operation.
For occupants and users :
For our other stakeholders :