In March 2022, the Sustainable Finance Platform proposed taxonomy screening criteria for new construction and renovated buildings that contribute to a circular economy. In order to transition the proposed technical screening criteria into a functioning system at the very core of a future-proof European economy, the study consortium – the Spanish (GBCe), the Danish (DK-GBC), the Croatian (CGBC) and the Bulgarian Green Building Council (BGBC) as well as the Swiss (SGNI) and Austrian Sustainable Building Council (ÖGNI), the German Sustainable Building Council (DGNB) and CPEA – is planning to carry out a study with the goal of evaluating the marketability of the proposed “EU Taxonomy Screening Criteria for Circular Economy” for construction and real estate activities.
For the practical application of the taxonomy criteria to buildings or projects, the expertise of sustainable building practitioners and respective organisations provide a valuable source of knowledge and skills. Specifically, the question whether organisations are adequately prepared for working with the proposed taxonomy screening criteria is creating uncertainty. We therefore invited financial institutions, property owners and investors to join this unique multi-stakeholder project.