ECORE SCORING

Since 2020, associations, partners and experts in fund and asset management have been establishing a new standard for the sector: ECORE (ESG Circle of Real Estate) scoring.

The aim of the initiative is to harmonise the valuation of assets and portfolios by reconciling regulations, laws and ordinances. Alongside ESG criteria, EU taxonomy requirements and decarbonisation measures are included. Existing international assessment systems take account of different content, and this produces different scores and distinctions – in other words, it’s like comparing apples to oranges.

As is customary in the sector, the comparison of properties is based on the annual performance of a peer group of similar asset classes in Germany or Europe.

What is the advantage of ECORE scoring?

In the best-case scenario, ESG scoring is transparent and comparable. This means that project developers, property owners and investors benefit equally throughout the entire process, from project development and acquisition to portfolio management, value retention and development.

ECORE scoring takes account of three clusters. Cluster I covers ‘Governance’ at portfolio and corporate level; cluster II encompasses ‘Consumption and Emissions’ while cluster III is ‘Asset Check’ and includes such aspects as building automation, user comfort and operator concepts.

We will be pleased to help you implement ECORE scoring.