Biodiversity Reporting in French Real Estate Sector

This technical report examines the implications of the Corporate Sustainability Reporting Directive (CSRD) on biodiversity within the French real estate sector. It outlines the findings from a Deloitte France benchmark study on the initial application of European Sustainability Reporting Standards (ESRS) by real estate companies. The report details that most companies recognize biodiversity as a material issue, yet many have not developed transition plans. It discusses the frameworks and tools utilized by these companies, such as ENCORE and TNFD, and highlights the ongoing development of methodologies for assessing financial impacts related to biodiversity risks. The report also notes the divergence in targets for limiting land artificialization among companies and the flexibility in defining sustainability indicators. Furthermore, it emphasizes the need for a holistic approach to biodiversity impacts, considering both on-site and off-site effects, as companies adapt their business models to align with emerging biodiversity frameworks.