Climate Positive Europe Alliance (CPEA)

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Jul 16, 2024 12:35 PM

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The Climate Positive Europe Alliance (CPEA) is a Brussels-based non-profit think tank that aims to foster sustainability principles and practices in the built environment across Europe. Founded in 2021 by several European green building councils and the Federation of European Heating, Ventilation and Air Conditioning Associations, CPEA works towards accelerating market transformation towards a sustainable, zero-carbon built environment aligned with the Paris Agreement and the UN Sustainable Development Goals. CPEA's core mission involves promoting greater harmonization and standardization in sustainable finance and ESG (Environmental, Social, and Governance) practices within the real estate and construction sectors. The organization focuses on embedding circularity principles, advocating for a just transition, and mobilizing sector participants to adopt net-zero practices. CPEA's activities include developing and testing the EU Taxonomy criteria for construction and real estate activities, translating ESG into a real estate and construction context, and offering ESG verification services. CPEA collaborates with various stakeholders, including financial institutions, property owners, and investors, to drive sustainable investments and define their qualities. The organization also works with partners beyond Europe, particularly in the area of sustainable finance and ESG. With a strong network of member organizations and a pan-European ESG Working Group, CPEA aims to create clarity and educate stakeholders on effective optimization approaches for reducing CO2 emissions in the built environment.