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During this briefing, Sofia Cordeiro, ESG Analyst at INREV, gave insights into INREV’s paper on the impact of real estate on nature, highlighting the importance of nature-positive strategies and the growing role of frameworks like TNFD. Lucas Wouters, Portfolio Manager Responsible Investment at APG AM, shared an investor’s perspective, showing how biodiversity risks are assessed across real estate portfolios using the TNFD LEAP approach and tools like IBAT and STAR metrics, and Emily Hamilton, Chief Sustainability Officer Savills Investment Management, showed how nature-based solutions were embedded at Bourn Quarter, demonstrating the tangible benefits of enhancing biodiversity for real estate resilience and asset value.

The updated Country-by-country Guide features up-to-date information on tax and regulatory regimes for real estate fund vehicles across diverse jurisdictions, including insights on country-level ESG regulations. During this briefing, Martijn Graafstal, Manager, Tax Real Estate, PwC NL, highlighted the changes in the German and Dutch tax rules. Stephen Chewter, Senior Manager, PwC UK, presented on the regulatory and tax aspects of the UK RIF, and Maarten Dansen, Senior Manager ESG, PwC NL, focused on the changes introduced in CSRD reporting obligations under the EU Omnibus I proposal.

INREV’s recent paper, Introduction to EU Taxonomy, offers practical insights into aligning real estate activities with the EU Taxonomy framework. During this briefing, Aleksandra Njagulj, Managing Director, Global Head of ESG in Real Estate at DWS, demonstrated how the assessment process works for DWS. Jeff Rupp, Public Affairs Director at INREV, joined her to focus on compliance with Section 7.7 (Acquisition and Ownership of Buildings), addressing the criteria for substantial environmental contributions, the “do no significant harm” principle, and adherence to minimum safeguards.

Susan van de Koppel-Nagelmaeker, Portfoliomanager at Amvest, presented De Trappenberg – Living and Care Fund: a case study of developing sustainable and impactful senior housing. Susan was followed by Anna Olink, Director, Real Estate Engagement – EMEA at GRESB, who provided insights into 2024 GRESB Annual Survey results on investment in senior housing.
The briefing, held in collaboration with EPRA, was part of European Retirement Week, a flagship platform to debate the future of pensions.

Rasmus Steiness, Transfer Pricing Senior Director, Nick Crama, Senior Director Tax, and Alistair McLaren, Transfer Pricing Director, from Alvarez & Marsal Tax, presented developments in the interest rates and financial covenants applied by lenders and its interactions with updated guidance on transfer pricing requirements and domestic changes to earning stripping rules.

Chris Brown, Managing Director, Climatise and co-founder of the London Doughnut Economy Coalition, Lianne Hulsebosch, Sustainable Urban Development Strategist, City of Amsterdam, and Alice Teboul, ESG Manager Property Investments, Columbia Threadneedle explored how Doughnut Economics and the principles of the circular economy can be integrated into the built environment, fostering cities that respect both social and planetary boundaries. 
This event was organised in cooperation with AREF, BBP, BPF, IPF and REIF.