Brief

H/Advisors Cicero was hired to help LEG Immobilien SE gain a better grip on the legislative and regulatory developments in the EU that impact the company’s real estate investments, ESG objectives, as well as its reporting obligations.

Strategy & Execution

To ensure that we identifed relevant legislative developments at an early stage, we provided LEG with a succinct monthly Policy Tracker. Through this, the company was informed about the status and next steps of relevant files (ie European Green Deal, EU Taxonomy, circular economy and more), including relevant public consultations and the identification of key stakeholders. ​

A monthly client call allowed us to advise LEG at senior management level about the impact that new legislation could have on the real estate sector, as well as potential next steps the company could take to ensure its interests are represented well at the EU level. This included advice on stakeholder engagement as well as on the appropriate engagement tools to be used.​

Apart from the structural services delivered, H/Advisors Cicero also supported LEG through constant monitoring of and reporting on ad hoc policy developments of importance to the industry. This ranged from forwarding leaked versions of legislation to analysis of draft reports published by the EU institutions, and early identification of public consultations.​

Result

We have provided LEG with detailed analysis of important climate and energy policy reforms as part of the ‘Fit for 55’ Climate Package, as well as investment criteria as part of the EU Taxonomy in the field of climate, circular economy and social policy. While the former informed the company’s sustainability agenda, the latter was valuable for the company’s investment department.​