Paris, 8 November 2023 - Deepki, the only company in the world offering a fully populated ESG data intelligence platform for the commercial real estate sector, has today released the latest findings of its annual "ESG Index". This publication marks a year since the launch of the Index, which represents the first publicly available European benchmark measuring real estate’s environmental performance using real data. Following its initial publication in late 2022, it was positively received by the market, which was desperately lacking a common framework in order to tackle the challenges brought about by tightening regulations, such as the SFDR. The Index gives values for the average, top performing 30% and top performing 15% in terms of energy consumption and CO₂eq emissions for different typologies across the real estate sector in the UK, France, Germany, Benelux, Italy and Spain, as well as Europe as a whole, thereby defining which investments are sustainable according to the EU Taxonomy.

In order to redirect investment flow in line with the 2050 net zero target, the European Commission has detailed certain performance criteria in the EU Taxonomy. According to these criteria, buildings in the top 15% of the national or regional building stock in terms of primary energy intensity will be considered sustainable investments and serve as a benchmark for the entire sector.

The newly published Index shows that the evolution of Europe’s commercial real estate sector’s ESG performance varies from year to year depending on the typology, with housing, offices, healthcare, and retail seeing a drop in final* energy consumption, in contrast to hotels, which have increased, while logistics remains stable.

Hotels stand out as only typology with rise in energy consumption

Of the five sectors analysed across Europe, the hotel sector was the only one to see an increase in terms of final energy consumption. This can be attributed to a rise in occupation, as the hospitality industry recovers from the impact of Covid-19, reflecting an evolution in terms of usage not necessarily tied to energy efficiency. Luxury hotels are the main culprits, due to the nature of the services offered. This means owners must find new, less energy-intensive solutions to maintain the same level of comfort. Achieving carbon neutrality requires a multi-faceted approach: improving energy efficiency and transitioning toward greener energy sources. In contrast, the updated ESG Index shows that the logistics sector has the lowest energy consumption across Europe.

In terms of carbon emissions, the hotel and healthcare sectors rank the highest across Europe, at 39 kgCO₂eq/m² each. Both sectors must step up efforts if we are to limit global warming to 1.5°C and avoid the very worst effects of climate change.

The full report is attached below

Attachments:

Deepki ESG Index 2023 main release FINAL.doc

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1171 kB

Lake Louise, (November 6, 2023) – In the wake of the devastating fire that destroyed Lake Louise’s Ski Resorts staff accommodation on July 3, 2023, two local family businesses have come together to showcase the true spirit of community support and unity in the picturesque town of Lake Louise.  Despite the difficult circumstances, Deer Lodge and Lake Louise Ski Resort have demonstrated remarkable solidarity by collaborating to find a mutually agreeable solution for housing the ski resort’s dedicated staff for this upcoming winter 2023/2024 season.  

“Lake Louise's strong sense of community has deep roots," reflects Larkin O'Connor, President of Canadian Rocky Mountain Resorts. "Kim Locke, Co-Vice President of Lake Louise Ski Resort, and I were both raised in this community. From our shared memories of skiing Lake Louise as youngsters, to our ongoing efforts in tandem to champion and bolster this wonderful town, these recent challenges have only underscored the unbreakable bonds that unite residents and businesses alike here in Lake Louise."

“Canadian Rocky Mountain Resorts’ generous support in providing accommodation for our winter season has been truly remarkable,” says Leigha Stankewich, Marketing & Communications Manager, Lake Louise Ski Resort. “Witnessing the community's collective resilience following the devastating fire at our Charleston Residence last July has been both inspiring and heartwarming. We deeply appreciate our partnership with Deer Lodge.”

Deer Lodge will make up a portion of the staff accommodation for Lake Louise Ski Resort for the next two years while they diligently rebuild and seamlessly transition their staff back into resort residences. Both organizations have mutually committed to the meticulous preservation of the Heritage Wing at Deer Lodge, safeguarding the enduring legacy of these accommodations throughout the forthcoming stages of Deer Lodge's journey.

Following this period, Deer Lodge will embark on its eagerly awaited redevelopment plans.
This heartwarming display of solidarity has strengthened the sense of community in Lake Louise and demonstrated the unwavering commitment of its businesses to support one another.

WASHINGTON, DC (November 6, 2023) – AHLA Foundation, the charitable arm of the American Hotel and Lodging Association (AHLA), has received a $605,000 grant from the Conrad N. Hilton Foundation to support its Empowering Youth Program (EYP) over two years. 

The primary goal of EYP is to address the critical workforce shortage in the U.S. hotel and lodging industry by promoting equitable hiring practices and training untapped talent, including Opportunity Youth (age 16-24 and currently not in school or employed) and other priority populations. This year’s grant expands on the work of previous funding focused on hospitality training, work readiness skills, and industry exposure for Opportunity Youth in key markets.

“We’re glad to support AHLA’s Empowering Youth Program,” said Elizabeth Cheung, Senior Program Officer, Opportunity Youth at Hilton Foundation. “AHLA Foundation is a trusted industry intermediary, poised to lead this work and improve future hiring outcomes.”

With this grant, the AHLA Foundation will focus its programming on strengthening relationships and systems between community-based organizations (CBO) and Opportunity Youth, during and after training, and the industry employers who seek to hire and retain them. Through listening sessions – convening stakeholders, identifying disconnects and barriers, sharing best practices, and equipping hotel leaders with DE&I-specific training to address biases – AHLA Foundation ultimately strives to improve the hiring outcomes of the EYP and facilitate stronger feedback loops in the ecosystem of CBOs, employers, and youth. The project will start in Los Angeles, with hopes of broader application across the hotel and lodging industry.

“We're deeply committed to elevating untapped talent and grateful to the Conrad N. Hilton Foundation for its support of our Empowering Youth Program,” said Anna Blue, President of AHLA Foundation. “We're eager to evolve this work and keep the momentum going to help young people find and build careers in the hotel industry.”

Parallel to its work funded by the Hilton Foundation grant, AHLA Foundation will continue to invest in the ongoing delivery of training – working alongside employers, community-based organizations, and industry partners to help ensure the essential skills and competencies required for in-demand entry-level positions are taught in the curriculum and that the program aligns with current industry employment needs.