Sustainable Business Solutions

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Energy audit is compulsory for all companies whose staff exceeds 250 people, turnover exceeds EUR 50 million or balance sheet total exceeds EUR 43 million, starting from 10 December 2016. The Luxembourg Law of 5 July 2016 transposes the Energy Efficiency Directive ("EED") and requires companies to have an audit energy carried out by an independent expert every four years.

Au Luxembourg, le secteur de l'immobilier est en plein boom. L'immobilier de bureau et le résidentiel enregistreront une croissance de 60% et 50% respectivement, entre 2012 et 2020.

Looking ahead to 2020 and beyond, the real estate sector will face rapid economic and social shifts that will transform the built environment. With investment almost back to pre-crisis levels, investors will see more opportunities, but also more competition and more risks. To discuss the upcoming changes in the real estate landscape and their potential implications, PwC Luxembourg organised a dedicated industry event Building the future in a sustainable world at Crystal Park on 5 November 2014.

We help you address the business issues of a changing world. With over 700 dedicated Sustainability staff globally and a team of 20 dedicated professionals in Luxembourg, PwC is a leading provider of Sustainability services to organisations. The PwC Sustainability practice in Luxembourg is leading the agenda, bringing together a team of 20 engineers and consultants around a unique strategy combining financial, economic and technical skills related to sustainability.
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A building is subject to obsolescence which is a decreasing factor of its market value. Assets will have to comply with environmental, social and governance (ESG) requirements to mitigate losses in value.

Moving beyond their traditional operational role, Human Resources Leaders are being asked to turn their role into a more strategic, cost efficient and effective service delivery partnership. We have experience in HR modernisation in all sectors and advise on all aspects of people sourcing and management, helping you create value through your people.

Luxembourg attracts vast numbers of local and crossborder workers, which creates an increasing need for efficient travel solutions to be implemented in the country. The flip side of the country’s attractiveness is a steady increase in the number of cars on the roads, creating daily traffic jams and delays and having an adverse impact on quality of life as well as on the economy and the environment.

Transport is the worst offender when it comes to greenhouse gas pollution, since it was responsible for 33.7% of CO2 emissions in France in 2010. France is committed to fighting climate change on a national and international level, and has set itself concrete objectives to reduce emissions. In this context, operators now have to inform their clients about the environmental impact of the logistic services they are providing.

Eighty-five percent of the energy consumed in the world comes from fossil fuels. While consumption increases constantly, reserves are dwindling and cannot be renewed. Their increasing scarcity drives fuel prices higher and higher. In addition, the burning of fossil fuels is the main source of greenhouse gases (GHGs) which cause global warming. Therefore, reducing your reliance on energy becomes a strategic decision.

The construction and use of buildings account for over 40% of overall power consumption and over 25% of greenhouse gas emissions in Europe. As a result, public policies have been targeting the real estate industry to try to mitigate those effects. EU regulations have set objectives and introduced the market concept of green value in a building’s life-cycle. With energy prices constantly on the rise, improving energy and environmental performance has become a key business imperative.

Today, it is more than ever necessary to communicate effectively on environmental matters and to provide reliable and straightforward answers on environmental issues. Such issues are no longer being raised by consumers alone, with suppliers and investors increasingly demanding environmental accountability. In addition, strict regulations such as the Ecodesign Directive are setting new standards on energy efficiency and environmental performance within the EU.

There is an increasing awareness and need for Luxembourg corporate and public institutions to address the broader issues of sustainability, for instance related to climate change, energy efficiency or carbon management. Originally viewed as "nice to do", the market is now driven by voluntary initiatives such as the new ISO 26000 norm for CSR, United Nations Global Compact or Global Reporting Initiative for sustainability reports. Those initiatives aim to consider sustainability as embedded in the company's strategy.

Sustainability has become an essential part of investment strategies as it might impact significantly the performance of portfolio, and, therefore, private equity owners. Private Equity Houses are at the forefront of sustainable issues since Private Equity owners are increasingly concerned with environmental social and governance issues.

Since 2008, the legislations of the European Union and the Grand Duchy of Luxembourg have started to shape a sustainable business environment that calls for prompt action.

Les projets de construction sont des opérations complexes, impliquant de nombreux acteurs, et pour lesquels les facteurs de risque sont d’origines multiples : rares sont pourtant les cas où le management des risques est réellement formalisé.

Renewable Energy Advisory

Renewable energy (e.g. bioenergy, carbon capture and storage, photovoltaics, solar power, wind power and hydro power) is becoming more and more attractive as large institutional investors have been increasingly attracted and exposed to this sector. As a long-term, high-risk and capital intensive investment, renewable energy is a global asset that must be carefully managed in the context of an overall business strategy.

Sustainability for Banks - An impact to your business that needs to be managed

The recent financial crisis has put the Financial Services sector under the spotlight. The activities of Banks and other Financial Services Institutions are more than ever under scrutiny, not only by the local and international Regulators, but also by a wider public including clients, employees and investors.

Sustainable IT: "A Green State of Mind"

Heightened public concern and International pressure over climate change is affecting enterprises as well as their plans to meet the growing clamour for environmentally-friendly products and services. Not surprisingly, the majority of executives feel impelled to react to a rising demand not only for green products, but greener operations as well.

Microfinance, which started as a small movement to help the poorest households of developing countries by providing them with access to finance and savings services, has soared tremendously over the past few years.
Grand claims have been made that microfinance can end poverty. What makes microfinance such an appealing idea is that it offers hope to those who are traditionally marginalised and financially excluded.