Challenges and Opportunities in Sustainable Real Estate Financing Greenbors Consulting's second business breakfast of the year explored from a practical perspective how the EU Taxonomy is expected to reshape the logic behind real estate development, financing, and investment decisions. The collective takeaway from the presentations, expert panel discussion, and a survey conducted among the professional audience is that the EU Taxonomy is increasingly being viewed as a busines

The EU Taxonomy Regulation answers exactly this: it has created a common, science-based framework that provides a uniform methodology for financial and market players to identify their sustainable projects. In the real estate sector, this is particularly important, as the eligibility for financing, long-term value preservation, and risk assessment of developments are increasingly influenced by ESG expectations. The system focuses not only on energy performance, but also exten

Why John Elkington—the architect of the Triple Bottom Line—stepped back from his own framework, and why the future of corporate sustainability now points beyond compliance toward regenerative business. For years, corporate sustainability was built around reporting, checklists, and incremental improvement. However, this compliance-centric model has visibly reached its limits and is now breaking down. Sustainability consultants are often criticized for relying on overly abstrac

In the domestic market, relatively little is said about the "Huxonomy" approach. However, the MNB’s (Central Bank of Hungary) renewed Green Capital Requirement Discount Program continues to allow certain projects to access favorable green financing schemes through a simplified compliance pathway, rather than the full application of the EU Taxonomy. One of the greatest advantages of this structure is that, in certain cases, it can reduce the administrative burdens and the over

In recent years, it has become clear that sustainability is no longer merely a reputational issue in the real estate market; it is increasingly a defining factor in financing viability, asset value, and long-term competitiveness. Demand from both investors and tenants for green-certified or ESG-compliant properties is on the rise, while financiers are also showing a growing preference for projects that meet sustainability expectations. In Hungary, the Green Capital Requiremen

“A Zero Emission Building (ZEB) is the defining building energy standard of the near future, which all market participants—developers, owners, tenants, investors, and financiers—must understand and apply.” -emphasized Gábor Szarvas, Managing Director of Greenbors, during a panel discussion at MEHI’s conference titled “Guidance for the Hungarian Implementation of the Energy Performance of Buildings Directive (EPBD).” One of the key messages from the expert, who also contribut

Greenbors further strengthened its market-leading position in Hungary’s rapidly growing BREEAM certification market in 2025. The year 2025 proved to be a milestone in the history of sustainable architecture and certification systems in Hungary. An analysis of the latest Market Snapshot reveals a trend that is particularly important to us at Greenbors Consulting: the meeting of demand for expertise and quality. Based on the latest data from GreenbookLive , we are proud to stat

Greenbors Consulting has published a new study titled “How Can Real Estate Funds Become Sustainable Investments? – An Analysis of European Best Practices.” The aim of the research – as a continuation of our previous professional work – was to present the operation and development trends of sustainable real estate funds through European examples. “As the energy efficiency of buildings becomes increasingly important in the context of climate change, the issue of responsible inv

Those registered under the previous BREEAM V7 version have only a few years left. Based on domestic and international market data, buildings with green certification achieve higher rental income, better liquidity, and lower financing costs, while outdated, uncertified properties may lose as much as 15–30 percent of their value. Sustainability is therefore no longer a marketing tool but a key factor in asset value and returns. From February 2026, a new era begins in the commer

In the Hungarian real estate market, attraction to and distrust of district heating appear simultaneously, mostly due to widespread misconceptions. Although many still associate it with outdated systems, district heating is one of the most common and sustainable heating solutions in Europe’s most environmentally conscious countries. The EU has set the goal of achieving a zero-emission building stock by 2050, which means increasingly strict energy-efficiency and fossil-fuel ph

In the coming years, the Hungarian real estate market will undergo major transformations. The driving force behind this is the new,...

The internationally recognised sustainability certification scheme, BREEAM, has released a major update to its New Construction standard....

Junior Energy Efficiency Consultant – MSc in engineering (energy eng., electrical eng. w/ energy spec., architect w/ building energy spec. or related). Advantage: energy efficiency/sustainability studies. Graduate or 1–2 yrs relevant exp.; advantage: green building certs, energy audits, EQR, calcs, ISO 50001, renewables. Skills: energy efficiency basics, renewables, analytical, precise, reliable, communicative, team, learning, MS Office; advantage: WinWatt, Auricon, LCA, EDGE

Junior Green Building Certification Consultant – Technical/scientific degree (civil eng., architect, env. eng., natural sciences). Graduate or 1–2 yrs relevant exp.; green building/certification exp. an advantage. Skills: analytical, problem-solving, precise, reliable, independent, good communication, teamwork, client focus, openness to learning/tech/regulations, confident MS Office knowledge.

Among global economic trends, two stand out due to their overall impact: the increasing importance of sustainability and the growing...

Sustainability that brings social value and business success In June 2025, we celebrated our fifth anniversary. From a small professional...

The office market is undergoing a transformation driven by hybrid work models, employee well-being, sustainability, and ESG...

Picture: Portfolio The study on green real estate funds, jointly prepared by the Hungarian Sustainable Investment and Financing...

Although the real estate market is currently showing signs of a slowdown, the number of green certifications continues to increase,...

Picture: IWBI On April 9, the WELL Regional Summit for the Central and Eastern European region took place in Warsaw, Poland. The event...

Sustainable Building Consultant position Greenbors, leading real estate sustainability consulting and certification services provider, is...

This year, the Ecomondo exhibition in Italy was once again held, where our sustainability consultant, Katinka Batta, participated thanks...

The sustainability issues of the real estate sector are receiving increasing attention, especially due to the regulatory framework...

The lack of application of ESG criteria presents a significant challenge for players in the Hungarian real estate market, as there is no...