Building acquisition and ownership: this activity relates to NACE code L68 “Real estate activities”.
Climate Change Mitigation
Metric and threshold:
The metric is Primary Energy Demand (PED): the annual primary energy demand associated with regulated energy use during the operational phase of the building life-cycle (i.e. ‘module B6’ according to EN15978), calculated ex-ante according to the national methodologies for asset design assessment, or as defined in the set of standards ISO 52000, expressed as kWh/m2 per year.
Case A – Acquisition of buildings built before 31 December 2020.
The calculated performance of the building must be within the top 15% of the local existing stock in terms of operational Primary Energy Demand, expressed as kWh/m2y. Alignment with this criterion can be demonstrated by providing adequate evidence comparing the performance of the relevant asset to the performance of the local stock built before 31 December 2020. Such evidence should be based on a representative sample of the building stock in the respective area where the building is located, distinguishing at the very least between residential and non-residential buildings. The area can be defined as a city, a region or a country. Certification schemes such as EPCs may be used as evidence of eligibility when adequate data is available to demonstrate that a specific level (e.g. EPC A) clearly falls within the top 15% of the respective local stock. The TEG recognises that more work needs to be done to collect and analyse data in order to define absolute thresholds corresponding to the performance of the top 15% of each local stock, such as data showing the distribution of EPCs across the stock and the thresholds used to define EPC ratings. Large non-residential buildings must meet an additional requirement: efficient building operations must be ensured through dedicated energy management.
Case B – Acquisition of buildings built after 31 December 2020.
The building must meet the criteria established for the ‘Construction of new buildings’ that are relevant at the time of the acquisition. Large non-residential buildings must meet an additional requirement: efficient building operations must be ensured through dedicated energy management.