T
oday's ESG Updates
Sustainability in European Real Estate: A growing trend with a projected CAGR growth of 4.6%, according to IMARC Group.
Swiss Pensions Stay with State Street: Despite global concerns, Swiss lawmakers have chosen to retain State Street as the custodian for their $52 billion pension fund.
European Truck Shares Fall: The US reversal on EV truck rules has led to a decline in shares for European truck makers, including Daimler, Volvo, and Traton.
White Goods Emissions Challenge: The industry faces increasing pressure from consumers demanding more sustainable products with longer lifespans and recyclable materials.
The European real estate sector is experiencing significant growth, driven by sustainable solutions and the shift to remote work. IMARC Group reports a market size of USD 1.6 billion in 2024, expected to reach USD 2.4 billion by 2033. Proptech innovations like virtual tours and blockchain contracts are transforming the industry.
Swiss lawmakers have voted to retain State Street Corp. as the custodian for their pension fund, rejecting concerns over potential US intervention under President Trump's administration. The decision benefits State Street, avoiding a costly contract change.
The US Environmental Protection Agency's reversal of vehicle emissions rules has led to a decline in shares for European truck makers, including Daimler, Volvo, and Traton. Analysts express concerns over reduced future sales and the negative impact on environmental goals and business fundamentals.
The white goods industry is facing increasing pressure from consumers demanding more sustainable products with longer lifespans and recyclable materials. While progress has been made in reducing Scope 1 and 2 emissions, the sector must tackle the significant impact of Scope 3 emissions to meet changing consumer demands.
