{"id":2936,"date":"2026-08-30T17:51:15","date_gmt":"2026-08-30T15:51:15","guid":{"rendered":"https:\/\/magenta2i.com\/?page_id=2936"},"modified":"2026-08-31T23:07:49","modified_gmt":"2026-08-31T21:07:49","slug":"esg-real-estate-due-diligence","status":"publish","type":"page","link":"https:\/\/magenta2i.com\/en\/due-diligence-esg-immobiliere\/","title":{"rendered":"due diligence esg immobiliere"},"content":{"rendered":"<style>.kadence-column2936_c2617a-d8 > .kt-inside-inner-col{padding-top:var(--global-kb-spacing-3xl, 6.5rem);}.kadence-column2936_c2617a-d8 > .kt-inside-inner-col,.kadence-column2936_c2617a-d8 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column2936_c2617a-d8 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column2936_c2617a-d8 > .kt-inside-inner-col{flex-direction:column;}.kadence-column2936_c2617a-d8 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column2936_c2617a-d8 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column2936_c2617a-d8{position:relative;}.kadence-column2936_c2617a-d8, .kt-inside-inner-col > .kadence-column2936_c2617a-d8:not(.specificity){margin-right:var(--global-kb-spacing-xs, 1rem);margin-left:var(--global-kb-spacing-xs, 1rem);}@media all and (max-width: 1024px){.kadence-column2936_c2617a-d8 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column2936_c2617a-d8 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column2936_c2617a-d8\"><div class=\"kt-inside-inner-col\"><style>.wp-block-kadence-advancedheading.kt-adv-heading2936_fc5857-ac, .wp-block-kadence-advancedheading.kt-adv-heading2936_fc5857-ac[data-kb-block=\"kb-adv-heading2936_fc5857-ac\"]{padding-top:var(--global-kb-spacing-sm, 1.5rem);padding-right:0px;padding-bottom:var(--global-kb-spacing-md, 2rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:30px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#032ba3;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2936_fc5857-ac mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_fc5857-ac[data-kb-block=\"kb-adv-heading2936_fc5857-ac\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_fc5857-ac img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_fc5857-ac[data-kb-block=\"kb-adv-heading2936_fc5857-ac\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2936_fc5857-ac, .wp-block-kadence-advancedheading.kt-adv-heading2936_fc5857-ac[data-kb-block=\"kb-adv-heading2936_fc5857-ac\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2936_fc5857-ac, .wp-block-kadence-advancedheading.kt-adv-heading2936_fc5857-ac[data-kb-block=\"kb-adv-heading2936_fc5857-ac\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h1 class=\"kt-adv-heading2936_fc5857-ac wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_fc5857-ac\">Due diligence ESG immobili\u00e8re : quels crit\u00e8res analyser avant un investissement ?<\/h1>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_ea0e18-21, .wp-block-kadence-advancedheading.kt-adv-heading2936_ea0e18-21[data-kb-block=\"kb-adv-heading2936_ea0e18-21\"]{padding-right:48px;padding-left:35px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2936_ea0e18-21 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_ea0e18-21[data-kb-block=\"kb-adv-heading2936_ea0e18-21\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_ea0e18-21 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_ea0e18-21[data-kb-block=\"kb-adv-heading2936_ea0e18-21\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2936_ea0e18-21 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_ea0e18-21\">Pour les investisseurs institutionnels, fonds, fonci\u00e8res et gestionnaires d&rsquo;actifs, la question ne consiste plus uniquement \u00e0 mesurer la performance environnementale d&rsquo;un immeuble ou \u00e0 satisfaire \u00e0 des exigences de reporting. Elle consiste \u00e0 d\u00e9terminer dans quelle mesure les caract\u00e9ristiques <a href=\"https:\/\/magenta2i.com\/lexique\/#esg\"><strong>ESG<\/strong><\/a> d&rsquo;un actif peuvent affecter son profil de risque, ses besoins futurs en capital, ses revenus, sa liquidit\u00e9 et sa valeur.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-1 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">La due diligence ESG immobili\u00e8re compl\u00e8te ainsi la due diligence immobili\u00e8re traditionnelle. <em>Elle ne se substitue ni \u00e0 l&rsquo;analyse technique, ni \u00e0 l&rsquo;analyse juridique, locative ou financi\u00e8re : <\/em>elle introduit une lecture transversale permettant d&rsquo;identifier des risques dont les cons\u00e9quences peuvent appara\u00eetre progressivement pendant la p\u00e9riode de d\u00e9tention.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px\"><a href=\"https:\/\/magenta2i.com\/due-diligence-immobiliere\/\" data-type=\"page\" data-id=\"2215\"><strong>Qu\u2019est-ce qu\u2019une due diligence immobili\u00e8re ?<\/strong><\/a><\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-2 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Cette approche est particuli\u00e8rement importante lorsque l&rsquo;horizon d&rsquo;investissement est long. Un actif satisfaisant aux exigences r\u00e9glementaires au moment de son acquisition peut devenir progressivement moins comp\u00e9titif sous l&rsquo;effet d&rsquo;une r\u00e9glementation plus contraignante, d&rsquo;une \u00e9volution des attentes des utilisateurs, de co\u00fbts \u00e9nerg\u00e9tiques plus \u00e9lev\u00e9s ou de nouveaux standards impos\u00e9s par les investisseurs et les financeurs.<\/p>\n\n\n\n<div class=\"wp-block-columns is-not-stacked-on-mobile wp-container-content-ebf6bc82 is-layout-flex wp-container-core-columns-is-layout-acafa515 wp-block-columns-is-layout-flex\" style=\"margin-top:var(--wp--preset--spacing--30);margin-bottom:var(--wp--preset--spacing--40);padding-top:var(--wp--preset--spacing--20);padding-right:0;padding-bottom:var(--wp--preset--spacing--20);padding-left:0\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:10%\"><style>.wp-block-kadence-advancedheading.kt-adv-heading2936_05eb7c-89, .wp-block-kadence-advancedheading.kt-adv-heading2936_05eb7c-89[data-kb-block=\"kb-adv-heading2936_05eb7c-89\"]{padding-left:var(--global-kb-spacing-xs, 1rem);font-size:44px;font-style:normal;letter-spacing:-5px;text-shadow:3px 2px 2px var(--global-palette12, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2936_05eb7c-89 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_05eb7c-89[data-kb-block=\"kb-adv-heading2936_05eb7c-89\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_05eb7c-89 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_05eb7c-89[data-kb-block=\"kb-adv-heading2936_05eb7c-89\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2936_05eb7c-89, .wp-block-kadence-advancedheading.kt-adv-heading2936_05eb7c-89[data-kb-block=\"kb-adv-heading2936_05eb7c-89\"]{text-shadow:3px 2px 2px var(--global-palette12, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2936_05eb7c-89, .wp-block-kadence-advancedheading.kt-adv-heading2936_05eb7c-89[data-kb-block=\"kb-adv-heading2936_05eb7c-89\"]{text-shadow:3px 2px 2px var(--global-palette12, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2936_05eb7c-89 hostinger-ai-title wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_05eb7c-89\"><\/h2>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"border-left-color:#c8a044;border-left-style:solid;border-left-width:4px\">\n<p class=\"wp-block-paragraph\"><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center has-border-color has-theme-palette-9-border-color has-small-font-size is-layout-constrained wp-container-core-column-is-layout-4d0e3ca7 wp-block-column-is-layout-constrained\" style=\"padding-right:var(--wp--preset--spacing--70);flex-basis:85%\">\n<p class=\"has-text-color has-background has-link-color wp-elements-3 wp-block-paragraph\" style=\"color:#022280;background-color:#ede3c885;padding-right:0;padding-left:var(--wp--preset--spacing--30);font-size:17px;line-height:1.5\">Conseil Magenta : une due diligence ESG n&rsquo;a de valeur d\u00e9cisionnelle que si elle relie les facteurs <a href=\"https:\/\/magenta2i.com\/lexique\/#esg\">ESG<\/a> mat\u00e9riellement pertinents aux risques, aux capex, aux cash-flows et \u00e0 la valeur de l&rsquo;actif.<\/p>\n<\/div>\n<\/div>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_826d73-28, .wp-block-kadence-advancedheading.kt-adv-heading2936_826d73-28[data-kb-block=\"kb-adv-heading2936_826d73-28\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2936_826d73-28 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_826d73-28[data-kb-block=\"kb-adv-heading2936_826d73-28\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_826d73-28 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_826d73-28[data-kb-block=\"kb-adv-heading2936_826d73-28\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2936_826d73-28, .wp-block-kadence-advancedheading.kt-adv-heading2936_826d73-28[data-kb-block=\"kb-adv-heading2936_826d73-28\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2936_826d73-28, .wp-block-kadence-advancedheading.kt-adv-heading2936_826d73-28[data-kb-block=\"kb-adv-heading2936_826d73-28\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2936_826d73-28 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_826d73-28\"><strong>1. Pourquoi int\u00e9grer l&rsquo;ESG dans une due diligence immobili\u00e8re ?<\/strong><\/h2>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_2d906d-ca, .wp-block-kadence-advancedheading.kt-adv-heading2936_2d906d-ca[data-kb-block=\"kb-adv-heading2936_2d906d-ca\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_2d906d-ca mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_2d906d-ca[data-kb-block=\"kb-adv-heading2936_2d906d-ca\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_2d906d-ca img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_2d906d-ca[data-kb-block=\"kb-adv-heading2936_2d906d-ca\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_2d906d-ca wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_2d906d-ca\"><strong>De la conformit\u00e9 extra-financi\u00e8re \u00e0 l&rsquo;analyse du risque d&rsquo;investissement<\/strong><\/h3>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_2b42f3-c9, .wp-block-kadence-advancedheading.kt-adv-heading2936_2b42f3-c9[data-kb-block=\"kb-adv-heading2936_2b42f3-c9\"]{padding-right:48px;padding-left:35px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2936_2b42f3-c9 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_2b42f3-c9[data-kb-block=\"kb-adv-heading2936_2b42f3-c9\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_2b42f3-c9 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_2b42f3-c9[data-kb-block=\"kb-adv-heading2936_2b42f3-c9\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2936_2b42f3-c9 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_2b42f3-c9\">Dans l&rsquo;immobilier institutionnel, l&rsquo; <strong><a href=\"https:\/\/magenta2i.com\/lexique\/#esg\">ESG<\/a><\/strong> ne rel\u00e8ve plus uniquement du <em>reporting<\/em> . Une consommation \u00e9nerg\u00e9tique \u00e9lev\u00e9e peut annoncer des <em>capex<\/em> ; une exposition climatique peut augmenter les co\u00fbts d&rsquo;assurance ou n\u00e9cessiter des travaux d&rsquo;adaptation ; une documentation insuffisante peut compliquer le <em>reporting<\/em> ; un immeuble devenu incompatible avec les exigences de ses utilisateurs peut subir une vacance sup\u00e9rieure.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_c81592-52, .wp-block-kadence-advancedheading.kt-adv-heading2936_c81592-52[data-kb-block=\"kb-adv-heading2936_c81592-52\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_c81592-52 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_c81592-52[data-kb-block=\"kb-adv-heading2936_c81592-52\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_c81592-52 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_c81592-52[data-kb-block=\"kb-adv-heading2936_c81592-52\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_c81592-52 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_c81592-52\"><strong>Mat\u00e9rialit\u00e9 ESG et mat\u00e9rialit\u00e9 financi\u00e8re<\/strong><\/h3>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_18dc65-ef, .wp-block-kadence-advancedheading.kt-adv-heading2936_18dc65-ef[data-kb-block=\"kb-adv-heading2936_18dc65-ef\"]{padding-right:48px;padding-left:35px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2936_18dc65-ef mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_18dc65-ef[data-kb-block=\"kb-adv-heading2936_18dc65-ef\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_18dc65-ef img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_18dc65-ef[data-kb-block=\"kb-adv-heading2936_18dc65-ef\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2936_18dc65-ef wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_18dc65-ef\">Tous les crit\u00e8res <strong><a href=\"https:\/\/magenta2i.com\/lexique\/#esg\">ESG<\/a><\/strong> n&rsquo;ont pas la m\u00eame importance pour tous les actifs. Leur mat\u00e9rialit\u00e9 d\u00e9pend notamment de la localisation, de la typologie immobili\u00e8re, de l&rsquo;\u00e2ge du b\u00e2timent, de son occupation, de sa performance \u00e9nerg\u00e9tique, de la strat\u00e9gie d&rsquo;investissement et de la dur\u00e9e pr\u00e9visionnelle de d\u00e9tention.<\/p>\n\n\n\n<div class=\"wp-block-columns is-not-stacked-on-mobile wp-container-content-ebf6bc82 is-layout-flex wp-container-core-columns-is-layout-acafa515 wp-block-columns-is-layout-flex\" style=\"margin-top:var(--wp--preset--spacing--30);margin-bottom:var(--wp--preset--spacing--40);padding-top:var(--wp--preset--spacing--20);padding-right:0;padding-bottom:var(--wp--preset--spacing--20);padding-left:0\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:10%\"><style>.wp-block-kadence-advancedheading.kt-adv-heading2936_055dd4-2f, .wp-block-kadence-advancedheading.kt-adv-heading2936_055dd4-2f[data-kb-block=\"kb-adv-heading2936_055dd4-2f\"]{padding-left:var(--global-kb-spacing-xs, 1rem);font-size:44px;font-style:normal;letter-spacing:-5px;text-shadow:3px 2px 2px var(--global-palette12, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2936_055dd4-2f mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_055dd4-2f[data-kb-block=\"kb-adv-heading2936_055dd4-2f\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_055dd4-2f img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_055dd4-2f[data-kb-block=\"kb-adv-heading2936_055dd4-2f\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2936_055dd4-2f, .wp-block-kadence-advancedheading.kt-adv-heading2936_055dd4-2f[data-kb-block=\"kb-adv-heading2936_055dd4-2f\"]{text-shadow:3px 2px 2px var(--global-palette12, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2936_055dd4-2f, .wp-block-kadence-advancedheading.kt-adv-heading2936_055dd4-2f[data-kb-block=\"kb-adv-heading2936_055dd4-2f\"]{text-shadow:3px 2px 2px var(--global-palette12, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2936_055dd4-2f hostinger-ai-title wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_055dd4-2f\"><\/h2>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"border-left-color:#c8a044;border-left-style:solid;border-left-width:4px\">\n<p class=\"wp-block-paragraph\"><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center has-border-color has-theme-palette-9-border-color has-small-font-size is-layout-constrained wp-container-core-column-is-layout-4d0e3ca7 wp-block-column-is-layout-constrained\" style=\"padding-right:var(--wp--preset--spacing--70);flex-basis:85%\">\n<p class=\"has-text-color has-background has-link-color wp-elements-4 wp-block-paragraph\" style=\"color:#022280;background-color:#ede3c885;padding-right:0;padding-left:var(--wp--preset--spacing--30);font-size:17px;line-height:1.5\">Cha\u00eene d&rsquo;analyse : facteur ESG \u2192 risque ou opportunit\u00e9 op\u00e9rationnelle \u2192 cons\u00e9quence financi\u00e8re potentielle \u2192 impact sur la d\u00e9cision d&rsquo;investissement.<\/p>\n<\/div>\n<\/div>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_8f0522-da, .wp-block-kadence-advancedheading.kt-adv-heading2936_8f0522-da[data-kb-block=\"kb-adv-heading2936_8f0522-da\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_8f0522-da mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_8f0522-da[data-kb-block=\"kb-adv-heading2936_8f0522-da\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_8f0522-da img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_8f0522-da[data-kb-block=\"kb-adv-heading2936_8f0522-da\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_8f0522-da wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_8f0522-da\"><strong>L&rsquo;ESG comme facteur de liquidit\u00e9 et de valeur \u00e0 long terme<\/strong><\/h3>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_095a68-cd, .wp-block-kadence-advancedheading.kt-adv-heading2936_095a68-cd[data-kb-block=\"kb-adv-heading2936_095a68-cd\"]{padding-right:48px;padding-left:35px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2936_095a68-cd mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_095a68-cd[data-kb-block=\"kb-adv-heading2936_095a68-cd\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_095a68-cd img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_095a68-cd[data-kb-block=\"kb-adv-heading2936_095a68-cd\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2936_095a68-cd wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_095a68-cd\">Lors de la revente, l&rsquo;univers des acqu\u00e9reurs potentiels peut \u00eatre diff\u00e9rent de celui observ\u00e9 \u00e0 l&rsquo;acquisition. Un investisseur dont le mandat, la trajectoire de <strong><a href=\"https:\/\/magenta2i.com\/lexique\/#decarbonation\">d\u00e9carbonation<\/a><\/strong> ou les contraintes de reporting excluent certains actifs peut ne plus constituer un acheteur potentiel. La valeur terminale d\u00e9pend donc aussi de la capacit\u00e9 de l&rsquo;immeuble \u00e0 demeurer investissable.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_7e9234-72, .wp-block-kadence-advancedheading.kt-adv-heading2936_7e9234-72[data-kb-block=\"kb-adv-heading2936_7e9234-72\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2936_7e9234-72 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_7e9234-72[data-kb-block=\"kb-adv-heading2936_7e9234-72\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_7e9234-72 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_7e9234-72[data-kb-block=\"kb-adv-heading2936_7e9234-72\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2936_7e9234-72, .wp-block-kadence-advancedheading.kt-adv-heading2936_7e9234-72[data-kb-block=\"kb-adv-heading2936_7e9234-72\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2936_7e9234-72, .wp-block-kadence-advancedheading.kt-adv-heading2936_7e9234-72[data-kb-block=\"kb-adv-heading2936_7e9234-72\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2936_7e9234-72 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_7e9234-72\"><strong>2. Analyser la dimension environnementale : risques physiques et de transition<\/strong><\/h2>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_fc92ba-9b, .wp-block-kadence-advancedheading.kt-adv-heading2936_fc92ba-9b[data-kb-block=\"kb-adv-heading2936_fc92ba-9b\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_fc92ba-9b mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_fc92ba-9b[data-kb-block=\"kb-adv-heading2936_fc92ba-9b\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_fc92ba-9b img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_fc92ba-9b[data-kb-block=\"kb-adv-heading2936_fc92ba-9b\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_fc92ba-9b wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_fc92ba-9b\"><strong>Performance \u00e9nerg\u00e9tique et \u00e9missions carbone<\/strong><\/h3>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-5 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">L&rsquo;analyse commence par la collecte et la normalisation des consommations d&rsquo;\u00e9nergie, \u00e9missions de gaz \u00e0 effet de serre, caract\u00e9ristiques des \u00e9quipements techniques, diagnostics applicables, historique des travaux et dispositifs de comptage. Il faut comprendre les d\u00e9terminants de la consommation et les am\u00e9liorations techniquement et \u00e9conomiquement envisageables.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px\"><a href=\"https:\/\/magenta2i.com\/dpe-investissement-locatif-risques\/\" data-type=\"page\" data-id=\"2616\"><strong>DPE et investissement locatif : quels risques pour l\u2019investisseur ?<\/strong><\/a><\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_7d5085-da, .wp-block-kadence-advancedheading.kt-adv-heading2936_7d5085-da[data-kb-block=\"kb-adv-heading2936_7d5085-da\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_7d5085-da mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_7d5085-da[data-kb-block=\"kb-adv-heading2936_7d5085-da\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_7d5085-da img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_7d5085-da[data-kb-block=\"kb-adv-heading2936_7d5085-da\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_7d5085-da wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_7d5085-da\"><strong>Trajectoire de d\u00e9carbonation et risque d&rsquo;obsolescence<\/strong><\/h3>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_76fd88-98, .wp-block-kadence-advancedheading.kt-adv-heading2936_76fd88-98[data-kb-block=\"kb-adv-heading2936_76fd88-98\"]{padding-right:48px;padding-left:35px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2936_76fd88-98 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_76fd88-98[data-kb-block=\"kb-adv-heading2936_76fd88-98\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_76fd88-98 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_76fd88-98[data-kb-block=\"kb-adv-heading2936_76fd88-98\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2936_76fd88-98 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_76fd88-98\">Pour un investisseur institutionnel, une photographie \u00e9nerg\u00e9tique actuelle est insuffisante. Des outils comme <strong><a href=\"https:\/\/magenta2i.com\/lexique\/#crrem\">CRREM<\/a><\/strong> permettent de confronter l&rsquo;intensit\u00e9 \u00e9nerg\u00e9tique ou carbone d&rsquo;un actif \u00e0 une trajectoire de d\u00e9carbonation et d&rsquo;identifier le moment o\u00f9 il risque de devenir d\u00e9salign\u00e9. Un actif acceptable aujourd&rsquo;hui peut donc n\u00e9cessiter un programme de capex pour pr\u00e9server sa comp\u00e9titivit\u00e9 future.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_7870f3-9e, .wp-block-kadence-advancedheading.kt-adv-heading2936_7870f3-9e[data-kb-block=\"kb-adv-heading2936_7870f3-9e\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_7870f3-9e mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_7870f3-9e[data-kb-block=\"kb-adv-heading2936_7870f3-9e\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_7870f3-9e img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_7870f3-9e[data-kb-block=\"kb-adv-heading2936_7870f3-9e\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_7870f3-9e wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_7870f3-9e\"><strong>Risques climatiques physiques<\/strong><\/h3>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_4978c6-83, .wp-block-kadence-advancedheading.kt-adv-heading2936_4978c6-83[data-kb-block=\"kb-adv-heading2936_4978c6-83\"]{padding-right:48px;padding-left:35px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2936_4978c6-83 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_4978c6-83[data-kb-block=\"kb-adv-heading2936_4978c6-83\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_4978c6-83 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_4978c6-83[data-kb-block=\"kb-adv-heading2936_4978c6-83\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2936_4978c6-83 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_4978c6-83\">La due diligence doit distinguer l&rsquo;exposition &#8211; li\u00e9e principalement \u00e0 la localisation &#8211; de la vuln\u00e9rabilit\u00e9, li\u00e9e \u00e0 la conception, aux \u00e9quipements, \u00e0 l&rsquo;usage et \u00e0 la capacit\u00e9 d&rsquo;adaptation. Inondation, chaleur extr\u00eame, s\u00e9cheresse, incendie ou autres al\u00e9as pertinents doivent \u00eatre reli\u00e9s \u00e0 leurs canaux de transmission financi\u00e8re : dommages, interruption d&rsquo;exploitation, assurance, adaptation ou attractivit\u00e9.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_c776a2-30, .wp-block-kadence-advancedheading.kt-adv-heading2936_c776a2-30[data-kb-block=\"kb-adv-heading2936_c776a2-30\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_c776a2-30 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_c776a2-30[data-kb-block=\"kb-adv-heading2936_c776a2-30\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_c776a2-30 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_c776a2-30[data-kb-block=\"kb-adv-heading2936_c776a2-30\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_c776a2-30 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_c776a2-30\"><strong>Pollution, ressources, eau et biodiversit\u00e9<\/strong><\/h3>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_ee502a-b4, .wp-block-kadence-advancedheading.kt-adv-heading2936_ee502a-b4[data-kb-block=\"kb-adv-heading2936_ee502a-b4\"]{padding-right:48px;padding-left:35px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2936_ee502a-b4 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_ee502a-b4[data-kb-block=\"kb-adv-heading2936_ee502a-b4\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_ee502a-b4 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_ee502a-b4[data-kb-block=\"kb-adv-heading2936_ee502a-b4\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2936_ee502a-b4 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_ee502a-b4\">Selon la nature du site, l&rsquo;analyse peut \u00e9galement couvrir les sols et pollutions historiques, l&rsquo;eau, les d\u00e9chets, l&rsquo;artificialisation, la biodiversit\u00e9 ou les mat\u00e9riaux. Le niveau d&rsquo;investigation doit rester proportionn\u00e9 \u00e0 la mat\u00e9rialit\u00e9 du risque.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_383ab5-c1, .wp-block-kadence-advancedheading.kt-adv-heading2936_383ab5-c1[data-kb-block=\"kb-adv-heading2936_383ab5-c1\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2936_383ab5-c1 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_383ab5-c1[data-kb-block=\"kb-adv-heading2936_383ab5-c1\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_383ab5-c1 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_383ab5-c1[data-kb-block=\"kb-adv-heading2936_383ab5-c1\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2936_383ab5-c1, .wp-block-kadence-advancedheading.kt-adv-heading2936_383ab5-c1[data-kb-block=\"kb-adv-heading2936_383ab5-c1\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2936_383ab5-c1, .wp-block-kadence-advancedheading.kt-adv-heading2936_383ab5-c1[data-kb-block=\"kb-adv-heading2936_383ab5-c1\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2936_383ab5-c1 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_383ab5-c1\"><strong>3. Analyser la dimension sociale : l&rsquo;actif du point de vue de ses utilisateurs<\/strong><\/h2>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_57e825-dc, .wp-block-kadence-advancedheading.kt-adv-heading2936_57e825-dc[data-kb-block=\"kb-adv-heading2936_57e825-dc\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_57e825-dc mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_57e825-dc[data-kb-block=\"kb-adv-heading2936_57e825-dc\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_57e825-dc img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_57e825-dc[data-kb-block=\"kb-adv-heading2936_57e825-dc\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_57e825-dc wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_57e825-dc\"><strong>Sant\u00e9, confort et qualit\u00e9 d&rsquo;usage<\/strong><\/h3>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-6 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Qualit\u00e9 de l&rsquo;air int\u00e9rieur, confort thermique, acoustique, lumi\u00e8re naturelle, s\u00e9curit\u00e9 et qualit\u00e9 des espaces influencent l&rsquo;exp\u00e9rience des occupants. Pour certains actifs tertiaires, ces caract\u00e9ristiques peuvent contribuer \u00e0 l&rsquo;attractivit\u00e9 locative. Leur impact financier ne doit toutefois jamais \u00eatre pr\u00e9sum\u00e9 : il doit \u00eatre document\u00e9 ou trait\u00e9 comme une hypoth\u00e8se.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_f5a157-c4, .wp-block-kadence-advancedheading.kt-adv-heading2936_f5a157-c4[data-kb-block=\"kb-adv-heading2936_f5a157-c4\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_f5a157-c4 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_f5a157-c4[data-kb-block=\"kb-adv-heading2936_f5a157-c4\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_f5a157-c4 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_f5a157-c4[data-kb-block=\"kb-adv-heading2936_f5a157-c4\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_f5a157-c4 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_f5a157-c4\"><strong>Accessibilit\u00e9, inclusion et adaptation des b\u00e2timents<\/strong><\/h3>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-7 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">L&rsquo;accessibilit\u00e9 constitue \u00e0 la fois un enjeu r\u00e9glementaire et un facteur d&rsquo;usage. La flexibilit\u00e9 des espaces et leur capacit\u00e9 d&rsquo;adaptation peuvent \u00e9galement limiter le risque d&rsquo;obsolescence fonctionnelle. &nbsp;<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_ecb376-8c, .wp-block-kadence-advancedheading.kt-adv-heading2936_ecb376-8c[data-kb-block=\"kb-adv-heading2936_ecb376-8c\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_ecb376-8c mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_ecb376-8c[data-kb-block=\"kb-adv-heading2936_ecb376-8c\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_ecb376-8c img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_ecb376-8c[data-kb-block=\"kb-adv-heading2936_ecb376-8c\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_ecb376-8c wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_ecb376-8c\"><strong>Relations avec les occupants et parties prenantes<\/strong><\/h3>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-8 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">La qualit\u00e9 du dialogue avec les utilisateurs et prestataires peut conditionner l&rsquo;acc\u00e8s aux donn\u00e9es de consommation et la mise en \u0153uvre de politiques environnementales. La performance environnementale r\u00e9v\u00e8le ainsi sa d\u00e9pendance \u00e0 la gouvernance et \u00e0 la coop\u00e9ration avec les occupants. &nbsp;&nbsp;<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_777dca-af, .wp-block-kadence-advancedheading.kt-adv-heading2936_777dca-af[data-kb-block=\"kb-adv-heading2936_777dca-af\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2936_777dca-af mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_777dca-af[data-kb-block=\"kb-adv-heading2936_777dca-af\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_777dca-af img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_777dca-af[data-kb-block=\"kb-adv-heading2936_777dca-af\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2936_777dca-af, .wp-block-kadence-advancedheading.kt-adv-heading2936_777dca-af[data-kb-block=\"kb-adv-heading2936_777dca-af\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2936_777dca-af, .wp-block-kadence-advancedheading.kt-adv-heading2936_777dca-af[data-kb-block=\"kb-adv-heading2936_777dca-af\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2936_777dca-af wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_777dca-af\"><strong>4. Analyser la gouvernance : processus, donn\u00e9es et responsabilit\u00e9s<\/strong><\/h2>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_d41a09-50, .wp-block-kadence-advancedheading.kt-adv-heading2936_d41a09-50[data-kb-block=\"kb-adv-heading2936_d41a09-50\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_d41a09-50 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_d41a09-50[data-kb-block=\"kb-adv-heading2936_d41a09-50\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_d41a09-50 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_d41a09-50[data-kb-block=\"kb-adv-heading2936_d41a09-50\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_d41a09-50 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_d41a09-50\"><strong>Gouvernance ESG et responsabilit\u00e9s<\/strong><\/h3>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-9 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">La due diligence doit identifier les responsabilit\u00e9s entre propri\u00e9taire, asset manager, property manager, utilisateurs et prestataires techniques et d\u00e9terminer si les m\u00e9canismes de suivi de la performance existent r\u00e9ellement. &nbsp;&nbsp;<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_45142a-d7, .wp-block-kadence-advancedheading.kt-adv-heading2936_45142a-d7[data-kb-block=\"kb-adv-heading2936_45142a-d7\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_45142a-d7 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_45142a-d7[data-kb-block=\"kb-adv-heading2936_45142a-d7\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_45142a-d7 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_45142a-d7[data-kb-block=\"kb-adv-heading2936_45142a-d7\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_45142a-d7 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_45142a-d7\"><strong>Qualit\u00e9 et tra\u00e7abilit\u00e9 des donn\u00e9es<\/strong><\/h3>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-10 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">La disponibilit\u00e9, la granularit\u00e9, la continuit\u00e9 et la qualit\u00e9 des donn\u00e9es de consommation, \u00e9missions, surfaces, \u00e9quipements, certifications et travaux doivent \u00eatre test\u00e9es. Les donn\u00e9es estim\u00e9es doivent \u00eatre distingu\u00e9es des donn\u00e9es mesur\u00e9es ; les ruptures de s\u00e9ries et hypoth\u00e8ses de calcul doivent \u00eatre identifi\u00e9es.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_0f9879-32, .wp-block-kadence-advancedheading.kt-adv-heading2936_0f9879-32[data-kb-block=\"kb-adv-heading2936_0f9879-32\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_0f9879-32 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_0f9879-32[data-kb-block=\"kb-adv-heading2936_0f9879-32\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_0f9879-32 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_0f9879-32[data-kb-block=\"kb-adv-heading2936_0f9879-32\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_0f9879-32 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_0f9879-32\"><strong>Conformit\u00e9, litiges et engagements contractuels<\/strong><\/h3>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_2dd626-bf, .wp-block-kadence-advancedheading.kt-adv-heading2936_2dd626-bf[data-kb-block=\"kb-adv-heading2936_2dd626-bf\"]{padding-right:48px;padding-left:35px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2936_2dd626-bf mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_2dd626-bf[data-kb-block=\"kb-adv-heading2936_2dd626-bf\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_2dd626-bf img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_2dd626-bf[data-kb-block=\"kb-adv-heading2936_2dd626-bf\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2936_2dd626-bf wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_2dd626-bf\"><strong><a href=\"https:\/\/magenta2i.com\/lexique\/#certifications\">Certifications<\/a><\/strong>, clauses environnementales, obligations contractuelles, politiques internes et \u00e9ventuels litiges doivent \u00eatre examin\u00e9es quant \u00e0 leur port\u00e9e, leur application et les obligations qu&rsquo;elles peuvent transf\u00e9rer \u00e0 l&rsquo;acqu\u00e9reur. \u00a0<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_aff18f-f5, .wp-block-kadence-advancedheading.kt-adv-heading2936_aff18f-f5[data-kb-block=\"kb-adv-heading2936_aff18f-f5\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2936_aff18f-f5 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_aff18f-f5[data-kb-block=\"kb-adv-heading2936_aff18f-f5\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_aff18f-f5 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_aff18f-f5[data-kb-block=\"kb-adv-heading2936_aff18f-f5\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2936_aff18f-f5, .wp-block-kadence-advancedheading.kt-adv-heading2936_aff18f-f5[data-kb-block=\"kb-adv-heading2936_aff18f-f5\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2936_aff18f-f5, .wp-block-kadence-advancedheading.kt-adv-heading2936_aff18f-f5[data-kb-block=\"kb-adv-heading2936_aff18f-f5\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2936_aff18f-f5 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_aff18f-f5\"><strong>5. Traduire les constats ESG en risques financiers<\/strong><\/h2>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-11 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">C&rsquo;est \u00e0 ce stade que la due diligence ESG devient v\u00e9ritablement une due diligence d&rsquo;investissement. Une liste de risques ESG n&rsquo;a qu&rsquo;une utilit\u00e9 limit\u00e9e si elle n&rsquo;est pas reli\u00e9e au business plan. &nbsp;<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_af333a-23, .wp-block-kadence-advancedheading.kt-adv-heading2936_af333a-23[data-kb-block=\"kb-adv-heading2936_af333a-23\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_af333a-23 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_af333a-23[data-kb-block=\"kb-adv-heading2936_af333a-23\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_af333a-23 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_af333a-23[data-kb-block=\"kb-adv-heading2936_af333a-23\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_af333a-23 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_af333a-23\"><strong>Capex et trajectoire de r\u00e9novation<\/strong><\/h3>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-12 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Les insuffisances identifi\u00e9es doivent \u00eatre transform\u00e9es, lorsque cela est possible, en programmes de travaux, calendriers et estimations de capex. Isolation, \u00e9quipements techniques, syst\u00e8mes de gestion, production \u00e9nerg\u00e9tique ou adaptation climatique doivent \u00eatre int\u00e9gr\u00e9s au mod\u00e8le financier.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px\"><a href=\"https:\/\/magenta2i.com\/budgeter-renovation-avant-acquisition-immobiliere\/\" data-type=\"link\" data-id=\"https:\/\/magenta2i.com\/budgeter-renovation-avant-acquisition-immobiliere\/\"><strong>Comment budg\u00e9ter une r\u00e9novation avant une acquisition immobili\u00e8re ?<\/strong><\/a><\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_d13080-9e, .wp-block-kadence-advancedheading.kt-adv-heading2936_d13080-9e[data-kb-block=\"kb-adv-heading2936_d13080-9e\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_d13080-9e mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_d13080-9e[data-kb-block=\"kb-adv-heading2936_d13080-9e\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_d13080-9e img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_d13080-9e[data-kb-block=\"kb-adv-heading2936_d13080-9e\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_d13080-9e wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_d13080-9e\"><strong>Revenus locatifs, vacance et demande des utilisateurs<\/strong><\/h3>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-13 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Un actif insuffisamment adapt\u00e9 aux exigences de certains utilisateurs peut conna\u00eetre une commercialisation plus longue, une vacance accrue ou n\u00e9cessiter des travaux avant relocation. La notion de <em>green premium<\/em> ne doit pas devenir une hypoth\u00e8se automatique ; il faut \u00e9galement consid\u00e9rer le <em>brown discount<\/em>, c&rsquo;est-\u00e0-dire le risque de d\u00e9cote relative des actifs dont la performance devient insuffisante.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px\"><a href=\"https:\/\/magenta2i.com\/revaloriser-actif-immobilier-tertiaire\/\" data-type=\"page\" data-id=\"2705\"><strong>Comment revaloriser un actif immobilier tertiaire ?<\/strong><\/a><\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_1c3ca0-40, .wp-block-kadence-advancedheading.kt-adv-heading2936_1c3ca0-40[data-kb-block=\"kb-adv-heading2936_1c3ca0-40\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_1c3ca0-40 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_1c3ca0-40[data-kb-block=\"kb-adv-heading2936_1c3ca0-40\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_1c3ca0-40 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_1c3ca0-40[data-kb-block=\"kb-adv-heading2936_1c3ca0-40\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_1c3ca0-40 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_1c3ca0-40\"><strong>Financement et co\u00fbt du capital<\/strong><\/h3>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_8ecfbb-84, .wp-block-kadence-advancedheading.kt-adv-heading2936_8ecfbb-84[data-kb-block=\"kb-adv-heading2936_8ecfbb-84\"]{padding-right:48px;padding-left:35px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2936_8ecfbb-84 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_8ecfbb-84[data-kb-block=\"kb-adv-heading2936_8ecfbb-84\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_8ecfbb-84 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_8ecfbb-84[data-kb-block=\"kb-adv-heading2936_8ecfbb-84\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2936_8ecfbb-84 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_8ecfbb-84\">Les caract\u00e9ristiques <strong><a href=\"https:\/\/magenta2i.com\/lexique\/#esg\">ESG<\/a> <\/strong>peuvent interagir avec les conditions de financement lorsque les pr\u00eateurs int\u00e8grent des crit\u00e8res de performance, de trajectoire ou de <em>reporting<\/em> . Les hypoth\u00e8ses de financement doivent rester coh\u00e9rentes avec la qualit\u00e9 ESG de l&rsquo;actif et les investissements n\u00e9cessaires.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_47557e-f2, .wp-block-kadence-advancedheading.kt-adv-heading2936_47557e-f2[data-kb-block=\"kb-adv-heading2936_47557e-f2\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_47557e-f2 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_47557e-f2[data-kb-block=\"kb-adv-heading2936_47557e-f2\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_47557e-f2 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_47557e-f2[data-kb-block=\"kb-adv-heading2936_47557e-f2\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_47557e-f2 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_47557e-f2\"><strong>Valeur terminale, liquidit\u00e9 et risque de <em>stranded asset<\/em><\/strong><\/h3>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_37ae32-50, .wp-block-kadence-advancedheading.kt-adv-heading2936_37ae32-50[data-kb-block=\"kb-adv-heading2936_37ae32-50\"]{padding-right:48px;padding-left:35px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2936_37ae32-50 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_37ae32-50[data-kb-block=\"kb-adv-heading2936_37ae32-50\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_37ae32-50 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_37ae32-50[data-kb-block=\"kb-adv-heading2936_37ae32-50\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2936_37ae32-50 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_37ae32-50\">Un <em>stranded asset <\/em>est ici un actif expos\u00e9 \u00e0 une obsolescence \u00e9conomique pr\u00e9matur\u00e9e sous l&rsquo;effet de la transition climatique, de l&rsquo;\u00e9volution r\u00e9glementaire ou des attentes du march\u00e9. La due diligence doit tester la valeur de sortie sous plusieurs sc\u00e9narios : maintien en l&rsquo;\u00e9tat, programme de capex, standards de march\u00e9 plus exigeants, modification du financement ou variation des taux de capitalisation.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_05c596-eb, .wp-block-kadence-advancedheading.kt-adv-heading2936_05c596-eb[data-kb-block=\"kb-adv-heading2936_05c596-eb\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2936_05c596-eb mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_05c596-eb[data-kb-block=\"kb-adv-heading2936_05c596-eb\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_05c596-eb img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_05c596-eb[data-kb-block=\"kb-adv-heading2936_05c596-eb\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2936_05c596-eb, .wp-block-kadence-advancedheading.kt-adv-heading2936_05c596-eb[data-kb-block=\"kb-adv-heading2936_05c596-eb\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2936_05c596-eb, .wp-block-kadence-advancedheading.kt-adv-heading2936_05c596-eb[data-kb-block=\"kb-adv-heading2936_05c596-eb\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2936_05c596-eb wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_05c596-eb\"><strong>6. Mobiliser les outils et r\u00e9f\u00e9rentiels pertinents<\/strong><\/h2>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_d13e35-1b, .wp-block-kadence-advancedheading.kt-adv-heading2936_d13e35-1b[data-kb-block=\"kb-adv-heading2936_d13e35-1b\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_d13e35-1b mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_d13e35-1b[data-kb-block=\"kb-adv-heading2936_d13e35-1b\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_d13e35-1b img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_d13e35-1b[data-kb-block=\"kb-adv-heading2936_d13e35-1b\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_d13e35-1b wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_d13e35-1b\"><strong>Cadres r\u00e9glementaires<\/strong><\/h3>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_530641-61, .wp-block-kadence-advancedheading.kt-adv-heading2936_530641-61[data-kb-block=\"kb-adv-heading2936_530641-61\"]{padding-right:48px;padding-left:35px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2936_530641-61 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_530641-61[data-kb-block=\"kb-adv-heading2936_530641-61\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_530641-61 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_530641-61[data-kb-block=\"kb-adv-heading2936_530641-61\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2936_530641-61 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_530641-61\">L\u2019analyse doit distinguer la conformit\u00e9 r\u00e9glementaire, l\u2019\u00e9ligibilit\u00e9 ou l\u2019alignement \u00e0 un r\u00e9f\u00e9rentiel tel que la <strong><a href=\"https:\/\/magenta2i.com\/lexique\/#taxonomie\">taxonomie europ\u00e9enne<\/a><\/strong> , et la performance \u00e9conomique de l\u2019actif. Ces notions peuvent se recouper sans \u00eatre \u00e9quivalentes.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_9ae02a-c6, .wp-block-kadence-advancedheading.kt-adv-heading2936_9ae02a-c6[data-kb-block=\"kb-adv-heading2936_9ae02a-c6\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_9ae02a-c6 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_9ae02a-c6[data-kb-block=\"kb-adv-heading2936_9ae02a-c6\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_9ae02a-c6 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_9ae02a-c6[data-kb-block=\"kb-adv-heading2936_9ae02a-c6\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_9ae02a-c6 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_9ae02a-c6\"><strong>CRREM et trajectoires de d\u00e9carbonation<\/strong><\/h3>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_04b50f-72, .wp-block-kadence-advancedheading.kt-adv-heading2936_04b50f-72[data-kb-block=\"kb-adv-heading2936_04b50f-72\"]{padding-right:48px;padding-left:35px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2936_04b50f-72 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_04b50f-72[data-kb-block=\"kb-adv-heading2936_04b50f-72\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_04b50f-72 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_04b50f-72[data-kb-block=\"kb-adv-heading2936_04b50f-72\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2936_04b50f-72 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_04b50f-72\"><strong><a href=\"https:\/\/magenta2i.com\/lexique\/#crrem\">CRREM<\/a><\/strong> permet de confronter les intensit\u00e9s \u00e9nerg\u00e9tique et carbone des actifs \u00e0 des trajectoires sectorielles et g\u00e9ographiques. Son int\u00e9r\u00eat en due diligence est prospectif : tester la r\u00e9silience de l&rsquo;actif dans le temps et anticiper le calendrier potentiel des interventions.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_0bf848-4b, .wp-block-kadence-advancedheading.kt-adv-heading2936_0bf848-4b[data-kb-block=\"kb-adv-heading2936_0bf848-4b\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_0bf848-4b mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_0bf848-4b[data-kb-block=\"kb-adv-heading2936_0bf848-4b\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_0bf848-4b img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_0bf848-4b[data-kb-block=\"kb-adv-heading2936_0bf848-4b\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_0bf848-4b wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_0bf848-4b\"><strong>GRESB et benchmarking des portefeuilles<\/strong><\/h3>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_5f7270-06, .wp-block-kadence-advancedheading.kt-adv-heading2936_5f7270-06[data-kb-block=\"kb-adv-heading2936_5f7270-06\"]{padding-right:48px;padding-left:35px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2936_5f7270-06 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_5f7270-06[data-kb-block=\"kb-adv-heading2936_5f7270-06\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_5f7270-06 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_5f7270-06[data-kb-block=\"kb-adv-heading2936_5f7270-06\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2936_5f7270-06 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_5f7270-06\">GRESB intervient davantage \u00e0 l&rsquo;\u00e9chelle des organisations et portefeuilles. Cette logique de benchmarking devient particuli\u00e8rement pertinente lorsque l&rsquo;actif acquis doit int\u00e9grer un portefeuille soumis \u00e0 des objectifs et \u00e0 un <em>reporting<\/em> <strong><a href=\"https:\/\/magenta2i.com\/lexique\/#esg\">ESG<\/a><\/strong> existants.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_9aead1-bd, .wp-block-kadence-advancedheading.kt-adv-heading2936_9aead1-bd[data-kb-block=\"kb-adv-heading2936_9aead1-bd\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_9aead1-bd mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_9aead1-bd[data-kb-block=\"kb-adv-heading2936_9aead1-bd\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_9aead1-bd img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_9aead1-bd[data-kb-block=\"kb-adv-heading2936_9aead1-bd\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_9aead1-bd wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_9aead1-bd\"><strong>Certifications, labels et donn\u00e9es techniques<\/strong><\/h3>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_eb23ae-dc, .wp-block-kadence-advancedheading.kt-adv-heading2936_eb23ae-dc[data-kb-block=\"kb-adv-heading2936_eb23ae-dc\"]{padding-right:48px;padding-left:35px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2936_eb23ae-dc mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_eb23ae-dc[data-kb-block=\"kb-adv-heading2936_eb23ae-dc\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_eb23ae-dc img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_eb23ae-dc[data-kb-block=\"kb-adv-heading2936_eb23ae-dc\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2936_eb23ae-dc wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_eb23ae-dc\">Une <strong><a href=\"https:\/\/magenta2i.com\/lexique\/#certifications\">certification<\/a><\/strong> fournit une information utile sur un p\u00e9rim\u00e8tre, une date et un niveau d\u00e9termin\u00e9s, mais elle ne dispense jamais d&rsquo;une analyse des performances op\u00e9rationnelles r\u00e9elles. Un <strong><a href=\"https:\/\/magenta2i.com\/lexique\/#labels\">label<\/a><\/strong> reconna\u00eet la qualit\u00e9 dans un domaine sp\u00e9cifique : mat\u00e9riaux, performance \u00e9nerg\u00e9tique, empreinte carbone\u2026&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-columns is-not-stacked-on-mobile wp-container-content-ebf6bc82 is-layout-flex wp-container-core-columns-is-layout-acafa515 wp-block-columns-is-layout-flex\" style=\"margin-top:var(--wp--preset--spacing--30);margin-bottom:var(--wp--preset--spacing--40);padding-top:var(--wp--preset--spacing--20);padding-right:0;padding-bottom:var(--wp--preset--spacing--20);padding-left:0\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:10%\"><style>.wp-block-kadence-advancedheading.kt-adv-heading2936_d5cf51-b5, .wp-block-kadence-advancedheading.kt-adv-heading2936_d5cf51-b5[data-kb-block=\"kb-adv-heading2936_d5cf51-b5\"]{padding-left:var(--global-kb-spacing-xs, 1rem);font-size:44px;font-style:normal;letter-spacing:-5px;text-shadow:3px 2px 2px var(--global-palette12, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2936_d5cf51-b5 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_d5cf51-b5[data-kb-block=\"kb-adv-heading2936_d5cf51-b5\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_d5cf51-b5 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_d5cf51-b5[data-kb-block=\"kb-adv-heading2936_d5cf51-b5\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2936_d5cf51-b5, .wp-block-kadence-advancedheading.kt-adv-heading2936_d5cf51-b5[data-kb-block=\"kb-adv-heading2936_d5cf51-b5\"]{text-shadow:3px 2px 2px var(--global-palette12, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2936_d5cf51-b5, .wp-block-kadence-advancedheading.kt-adv-heading2936_d5cf51-b5[data-kb-block=\"kb-adv-heading2936_d5cf51-b5\"]{text-shadow:3px 2px 2px var(--global-palette12, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2936_d5cf51-b5 hostinger-ai-title wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_d5cf51-b5\"><\/h2>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"border-left-color:#c8a044;border-left-style:solid;border-left-width:4px\">\n<p class=\"wp-block-paragraph\"><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center has-border-color has-theme-palette-9-border-color has-small-font-size is-layout-constrained wp-container-core-column-is-layout-4d0e3ca7 wp-block-column-is-layout-constrained\" style=\"padding-right:var(--wp--preset--spacing--70);flex-basis:85%\">\n<p class=\"has-text-color has-background has-link-color wp-elements-14 wp-block-paragraph\" style=\"color:#022280;background-color:#ede3c885;padding-right:0;padding-left:var(--wp--preset--spacing--30);font-size:17px;line-height:1.5\">Une certification constitue une information de due diligence, pas une conclusion de due diligence.<\/p>\n<\/div>\n<\/div>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_698573-ef, .wp-block-kadence-advancedheading.kt-adv-heading2936_698573-ef[data-kb-block=\"kb-adv-heading2936_698573-ef\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2936_698573-ef mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_698573-ef[data-kb-block=\"kb-adv-heading2936_698573-ef\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_698573-ef img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_698573-ef[data-kb-block=\"kb-adv-heading2936_698573-ef\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2936_698573-ef, .wp-block-kadence-advancedheading.kt-adv-heading2936_698573-ef[data-kb-block=\"kb-adv-heading2936_698573-ef\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2936_698573-ef, .wp-block-kadence-advancedheading.kt-adv-heading2936_698573-ef[data-kb-block=\"kb-adv-heading2936_698573-ef\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2936_698573-ef wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_698573-ef\"><strong>7. Int\u00e9grer l&rsquo;ESG dans le processus d&rsquo;acquisition<\/strong><\/h2>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_3cc65b-46, .wp-block-kadence-advancedheading.kt-adv-heading2936_3cc65b-46[data-kb-block=\"kb-adv-heading2936_3cc65b-46\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_3cc65b-46 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_3cc65b-46[data-kb-block=\"kb-adv-heading2936_3cc65b-46\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_3cc65b-46 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_3cc65b-46[data-kb-block=\"kb-adv-heading2936_3cc65b-46\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_3cc65b-46 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_3cc65b-46\"><strong>Screening initial<\/strong><\/h3>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-15 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Avant l&rsquo;engagement de d\u00e9penses importantes, certains crit\u00e8res peuvent \u00eatre filtr\u00e9s : performance \u00e9nerg\u00e9tique, exposition climatique, typologie de construction, conformit\u00e9 apparente, disponibilit\u00e9 des donn\u00e9es ou incompatibilit\u00e9 avec la strat\u00e9gie ESG de l&rsquo;investisseur. &nbsp;<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_aa25d4-d9, .wp-block-kadence-advancedheading.kt-adv-heading2936_aa25d4-d9[data-kb-block=\"kb-adv-heading2936_aa25d4-d9\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_aa25d4-d9 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_aa25d4-d9[data-kb-block=\"kb-adv-heading2936_aa25d4-d9\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_aa25d4-d9 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_aa25d4-d9[data-kb-block=\"kb-adv-heading2936_aa25d4-d9\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_aa25d4-d9 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_aa25d4-d9\"><strong>Due diligence approfondie<\/strong><\/h3>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_42600d-21, .wp-block-kadence-advancedheading.kt-adv-heading2936_42600d-21[data-kb-block=\"kb-adv-heading2936_42600d-21\"]{padding-right:48px;padding-left:35px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2936_42600d-21 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_42600d-21[data-kb-block=\"kb-adv-heading2936_42600d-21\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_42600d-21 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_42600d-21[data-kb-block=\"kb-adv-heading2936_42600d-21\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2936_42600d-21 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_42600d-21\">L&rsquo;analyse doit ensuite croiser donn\u00e9es documentaires, audits techniques, consommations, contrats, r\u00e9glementation, sc\u00e9narios climatiques et hypoth\u00e8ses financi\u00e8res. Un risque <strong><a href=\"https:\/\/magenta2i.com\/lexique\/#esg\">ESG<\/a><\/strong> peut simultan\u00e9ment devenir un sujet technique, juridique, locatif et financier.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_b7eb4c-04, .wp-block-kadence-advancedheading.kt-adv-heading2936_b7eb4c-04[data-kb-block=\"kb-adv-heading2936_b7eb4c-04\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_b7eb4c-04 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_b7eb4c-04[data-kb-block=\"kb-adv-heading2936_b7eb4c-04\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_b7eb4c-04 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_b7eb4c-04[data-kb-block=\"kb-adv-heading2936_b7eb4c-04\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_b7eb4c-04 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_b7eb4c-04\"><strong>Investment Committee : transformer l&rsquo;analyse ESG en d\u00e9cision<\/strong><\/h3>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-16 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">La restitution au comit\u00e9 d&rsquo;investissement doit \u00e9viter le catalogue s\u00e9par\u00e9 de crit\u00e8res ESG. Une grille d\u00e9cisionnelle peut pr\u00e9senter : risque identifi\u00e9, probabilit\u00e9, horizon temporel, impact financier potentiel, mesures de mitigation et risque r\u00e9siduel.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-17 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Selon sa mat\u00e9rialit\u00e9, un risque ESG peut conduire \u00e0 modifier le prix offert, pr\u00e9voir un capex suppl\u00e9mentaire, imposer une condition transactionnelle, adapter la strat\u00e9gie d&rsquo;asset management ou renoncer \u00e0 l&rsquo;investissement.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_ca76f2-61, .wp-block-kadence-advancedheading.kt-adv-heading2936_ca76f2-61[data-kb-block=\"kb-adv-heading2936_ca76f2-61\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2936_ca76f2-61 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_ca76f2-61[data-kb-block=\"kb-adv-heading2936_ca76f2-61\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_ca76f2-61 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_ca76f2-61[data-kb-block=\"kb-adv-heading2936_ca76f2-61\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2936_ca76f2-61 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_ca76f2-61\"><strong>Business plan et plan d&rsquo;asset management post-acquisition<\/strong><\/h3>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_400324-1b, .wp-block-kadence-advancedheading.kt-adv-heading2936_400324-1b[data-kb-block=\"kb-adv-heading2936_400324-1b\"]{padding-right:48px;padding-left:35px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2936_400324-1b mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_400324-1b[data-kb-block=\"kb-adv-heading2936_400324-1b\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_400324-1b img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_400324-1b[data-kb-block=\"kb-adv-heading2936_400324-1b\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2936_400324-1b wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_400324-1b\">Les hypoth\u00e8ses formul\u00e9es pendant la due diligence doivent devenir des objectifs mesurables pendant la d\u00e9tention : travaux, r\u00e9duction des consommations, collecte de donn\u00e9es, <strong><a href=\"https:\/\/magenta2i.com\/lexique\/#certifications\">certifications<\/a><\/strong>, engagement avec les utilisateurs ou am\u00e9lioration des processus de gouvernance.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_948263-47, .wp-block-kadence-advancedheading.kt-adv-heading2936_948263-47[data-kb-block=\"kb-adv-heading2936_948263-47\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2936_948263-47 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_948263-47[data-kb-block=\"kb-adv-heading2936_948263-47\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_948263-47 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_948263-47[data-kb-block=\"kb-adv-heading2936_948263-47\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2936_948263-47, .wp-block-kadence-advancedheading.kt-adv-heading2936_948263-47[data-kb-block=\"kb-adv-heading2936_948263-47\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2936_948263-47, .wp-block-kadence-advancedheading.kt-adv-heading2936_948263-47[data-kb-block=\"kb-adv-heading2936_948263-47\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2936_948263-47 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_948263-47\"><strong>8. La grille de due diligence ESG Magenta2I<\/strong><\/h2>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-18 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Pour structurer l&rsquo;analyse, Magenta peut regrouper les facteurs ESG en six dimensions compl\u00e9mentaires.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-516203d3 wp-block-columns-is-layout-flex\" style=\"padding-right:var(--wp--preset--spacing--80);padding-left:var(--wp--preset--spacing--80)\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:5%\">\n<p class=\"has-text-align-center has-theme-palette-9-color has-text-color has-background has-link-color wp-elements-19 wp-block-paragraph\" style=\"border-top-left-radius:20px;border-top-right-radius:20px;border-bottom-left-radius:20px;border-bottom-right-radius:20px;background-color:#c7931aa8;font-size:15px\"><strong>1<\/strong><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:95%\">\n<div class=\"wp-block-group\" style=\"line-height:0.8\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-text-color has-link-color wp-elements-20 wp-block-paragraph\" style=\"color:#022280;line-height:1.3\"><strong>\u00c9nergie et Carbone<\/strong><br>Consommations, \u00e9missions, trajectoire de d\u00e9carbonation, \u00e9quipements et risque de transition.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-516203d3 wp-block-columns-is-layout-flex\" style=\"padding-right:var(--wp--preset--spacing--80);padding-left:var(--wp--preset--spacing--80)\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:5%\">\n<p class=\"has-text-align-center has-theme-palette-9-color has-text-color has-background has-link-color wp-elements-21 wp-block-paragraph\" style=\"border-top-left-radius:20px;border-top-right-radius:20px;border-bottom-left-radius:20px;border-bottom-right-radius:20px;background-color:#c7931aa8;font-size:15px\">2<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:95%\">\n<div class=\"wp-block-group\" style=\"line-height:0.8\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-text-color has-link-color wp-elements-22 wp-block-paragraph\" style=\"color:#022280;line-height:1.3\"><strong>Climat &amp; Environnement<\/strong><br>Al\u00e9as physiques, vuln\u00e9rabilit\u00e9, adaptation, pollution, eau, ressources et biodiversit\u00e9 selon mat\u00e9rialit\u00e9.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-516203d3 wp-block-columns-is-layout-flex\" style=\"padding-right:var(--wp--preset--spacing--80);padding-left:var(--wp--preset--spacing--80)\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:5%\">\n<p class=\"has-text-align-center has-theme-palette-9-color has-text-color has-background has-link-color wp-elements-23 wp-block-paragraph\" style=\"border-top-left-radius:20px;border-top-right-radius:20px;border-bottom-left-radius:20px;border-bottom-right-radius:20px;background-color:#c7931aa8;font-size:15px\">3<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:95%\">\n<div class=\"wp-block-group\" style=\"line-height:0.8\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-text-color has-link-color wp-elements-24 wp-block-paragraph\" style=\"color:#022280;line-height:1.3\"><strong>Usages et Social<\/strong><br>Sant\u00e9, confort, accessibilit\u00e9, flexibilit\u00e9, attentes des utilisateurs et parties prenantes.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-516203d3 wp-block-columns-is-layout-flex\" style=\"padding-right:var(--wp--preset--spacing--80);padding-left:var(--wp--preset--spacing--80)\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:5%\">\n<p class=\"has-text-align-center has-theme-palette-9-color has-text-color has-background has-link-color wp-elements-25 wp-block-paragraph\" style=\"border-top-left-radius:20px;border-top-right-radius:20px;border-bottom-left-radius:20px;border-bottom-right-radius:20px;background-color:#c7931aa8;font-size:15px\">4<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:95%\">\n<div class=\"wp-block-group\" style=\"line-height:0.8\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-text-color has-link-color wp-elements-26 wp-block-paragraph\" style=\"color:#022280;line-height:1.3\"><strong>Gouvernance et Donn\u00e9es<\/strong><br>Responsabilit\u00e9s, qualit\u00e9 des donn\u00e9es, reporting, contrats, conformit\u00e9 et tra\u00e7abilit\u00e9.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-516203d3 wp-block-columns-is-layout-flex\" style=\"padding-right:var(--wp--preset--spacing--80);padding-left:var(--wp--preset--spacing--80)\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:5%\">\n<p class=\"has-text-align-center has-theme-palette-9-color has-text-color has-background has-link-color wp-elements-27 wp-block-paragraph\" style=\"border-top-left-radius:20px;border-top-right-radius:20px;border-bottom-left-radius:20px;border-bottom-right-radius:20px;background-color:#c7931aa8;font-size:15px\">5<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:95%\">\n<div class=\"wp-block-group\" style=\"line-height:0.8\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-text-color has-link-color wp-elements-28 wp-block-paragraph\" style=\"color:#022280;line-height:1.3\"><strong>Capex et Cash-flows<\/strong><br>Travaux, calendrier, co\u00fbts, loyers, vacance, financement et hypoth\u00e8ses du business plan.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-516203d3 wp-block-columns-is-layout-flex\" style=\"padding-right:var(--wp--preset--spacing--80);padding-left:var(--wp--preset--spacing--80)\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:5%\">\n<p class=\"has-text-align-center has-theme-palette-9-color has-text-color has-background has-link-color wp-elements-29 wp-block-paragraph\" style=\"border-top-left-radius:20px;border-top-right-radius:20px;border-bottom-left-radius:20px;border-bottom-right-radius:20px;background-color:#c7931aa8;font-size:15px\">6<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:95%\">\n<div class=\"wp-block-group\" style=\"line-height:0.8\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-text-color has-link-color wp-elements-30 wp-block-paragraph\" style=\"color:#022280;line-height:1.3\"><strong>Valeur et Sortie<\/strong><br>Liquidit\u00e9, univers d&rsquo;acqu\u00e9reurs, brown discount, stranded asset et sc\u00e9narios de valeur terminale.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_b5b436-9c, .wp-block-kadence-advancedheading.kt-adv-heading2936_b5b436-9c[data-kb-block=\"kb-adv-heading2936_b5b436-9c\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2936_b5b436-9c mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_b5b436-9c[data-kb-block=\"kb-adv-heading2936_b5b436-9c\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_b5b436-9c img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_b5b436-9c[data-kb-block=\"kb-adv-heading2936_b5b436-9c\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2936_b5b436-9c, .wp-block-kadence-advancedheading.kt-adv-heading2936_b5b436-9c[data-kb-block=\"kb-adv-heading2936_b5b436-9c\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2936_b5b436-9c, .wp-block-kadence-advancedheading.kt-adv-heading2936_b5b436-9c[data-kb-block=\"kb-adv-heading2936_b5b436-9c\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2936_b5b436-9c wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_b5b436-9c\"><strong>    Conclusion : transformer l&rsquo;ESG en hypoth\u00e8ses d&rsquo;investissement<\/strong><\/h2>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-31 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">La due diligence ESG a pour fonction premi\u00e8re d&rsquo;am\u00e9liorer la compr\u00e9hension du couple risque-rendement en identifiant des co\u00fbts que l&rsquo;analyse traditionnelle peut sous-estimer, mais \u00e9galement des possibilit\u00e9s de transformation : am\u00e9lioration \u00e9nerg\u00e9tique, adaptation des usages, r\u00e9duction du risque d&rsquo;obsolescence, meilleure r\u00e9silience climatique ou repositionnement de l&rsquo;actif.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px\"><a href=\"https:\/\/magenta2i.com\/comment-evaluer-la-rentabilite-dun-investissement-immobilier\/\" data-type=\"link\" data-id=\"https:\/\/magenta2i.com\/comment-evaluer-la-rentabilite-dun-investissement-immobilier\/\"><strong>Comment \u00e9valuer la rentabilit\u00e9 d\u2019un investissement immobilier ?<\/strong><\/a><\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2936_3fe5c3-ee, .wp-block-kadence-advancedheading.kt-adv-heading2936_3fe5c3-ee[data-kb-block=\"kb-adv-heading2936_3fe5c3-ee\"]{padding-right:48px;padding-left:35px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2936_3fe5c3-ee mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2936_3fe5c3-ee[data-kb-block=\"kb-adv-heading2936_3fe5c3-ee\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2936_3fe5c3-ee img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2936_3fe5c3-ee[data-kb-block=\"kb-adv-heading2936_3fe5c3-ee\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2936_3fe5c3-ee wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2936_3fe5c3-ee\">Un rendement apparent \u00e9lev\u00e9 \u00e0 l&rsquo;acquisition peut \u00eatre trompeur si les capex n\u00e9cessaires au maintien de la comp\u00e9titivit\u00e9 de l&rsquo;actif ne sont pas int\u00e9gr\u00e9s au mod\u00e8le. La question pertinente n&rsquo;est donc pas simplement de savoir si un immeuble est aujourd&rsquo;hui \u00ab <strong><a href=\"https:\/\/magenta2i.com\/lexique\/#esg\">ESG<\/a><\/strong> \u00bb, mais o\u00f9 il se situe sur sa trajectoire et comment les investissements n\u00e9cessaires affectent son rendement et sa valeur.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-32 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">C&rsquo;est cette transformation d&rsquo;informations environnementales, sociales et de gouvernance en hypoth\u00e8ses d&rsquo;investissement qui donne \u00e0 la due diligence ESG sa v\u00e9ritable valeur.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:10%\"><\/div>\n\n\n\n<div class=\"wp-block-column has-border-color has-background is-layout-flow wp-block-column-is-layout-flow\" style=\"border-color:#f1d18a;background-color:#ede3c885;padding-top:var(--wp--preset--spacing--60);padding-right:var(--wp--preset--spacing--50);padding-bottom:var(--wp--preset--spacing--60);padding-left:var(--wp--preset--spacing--50);flex-basis:80%\">\n<p class=\"has-text-align-center has-text-color has-link-color wp-elements-33 wp-block-paragraph\" style=\"color:#022280;line-height:1.5\"><strong>Vous \u00e9tudiez l&rsquo;acquisition ou la revalorisation d&rsquo;un actif immobilier ?<br>Magenta Immobilier Investissements accompagne investisseurs et propri\u00e9taires<br>dans l&rsquo;analyse de l&rsquo;actif, l&rsquo;identification des risques et leviers de cr\u00e9ation de valeur,<br>la mod\u00e9lisation financi\u00e8re des sc\u00e9narios et la coordination des expertises n\u00e9cessaires au projet.<\/strong><\/p>\n\n\n<style>.wp-block-kadence-advancedbtn.kb-btns2936_f51134-ff{gap:var(--global-kb-gap-xs, 0.5rem );justify-content:center;align-items:center;}.kt-btns2936_f51134-ff .kt-button{font-weight:normal;font-style:normal;}.kt-btns2936_f51134-ff .kt-btn-wrap-0{margin-right:5px;}.wp-block-kadence-advancedbtn.kt-btns2936_f51134-ff .kt-btn-wrap-0 .kt-button{color:#555555;border-color:#555555;}.wp-block-kadence-advancedbtn.kt-btns2936_f51134-ff .kt-btn-wrap-0 .kt-button:hover, .wp-block-kadence-advancedbtn.kt-btns2936_f51134-ff .kt-btn-wrap-0 .kt-button:focus{color:#ffffff;border-color:#444444;}.wp-block-kadence-advancedbtn.kt-btns2936_f51134-ff .kt-btn-wrap-0 .kt-button::before{display:none;}.wp-block-kadence-advancedbtn.kt-btns2936_f51134-ff .kt-btn-wrap-0 .kt-button:hover, .wp-block-kadence-advancedbtn.kt-btns2936_f51134-ff .kt-btn-wrap-0 .kt-button:focus{background:#444444;}<\/style>\n<div class=\"wp-block-kadence-advancedbtn kb-buttons-wrap kb-btns2936_f51134-ff\"><style>ul.menu .wp-block-kadence-advancedbtn .kb-btn2936_a789d3-7a.kb-button{width:initial;}.wp-block-kadence-advancedbtn .kb-btn2936_a789d3-7a.kb-button{color:#f1d18a;background:radial-gradient(circle at center top,rgb(6,147,227) 0%,rgb(20,39,109) 100%) !important;font-family:'Mate SC';font-weight:400;border-top-left-radius:15px;border-top-right-radius:15px;border-bottom-right-radius:15px;border-bottom-left-radius:15px;border-top-color:rgba(236,188,79,0.99);border-top-style:solid;border-right-color:rgba(236,188,79,0.99);border-right-style:solid;border-bottom-color:rgba(236,188,79,0.99);border-bottom-style:solid;border-left-color:rgba(236,188,79,0.99);border-left-style:solid;}.wp-block-kadence-advancedbtn .kb-btn2936_a789d3-7a.kb-button:hover, .wp-block-kadence-advancedbtn .kb-btn2936_a789d3-7a.kb-button:focus{color:var(--global-palette9, #ffffff);}.kb-btn2936_a789d3-7a.kb-button::before{background:radial-gradient(circle at right bottom,rgb(6,147,227) 0%,rgb(20,39,109) 100%);-webkit-transition:opacity .3s ease-in-out;-moz-transition:opacity .3s ease-in-out;transition:opacity .3s ease-in-out;}@media all and (max-width: 1024px){.wp-block-kadence-advancedbtn .kb-btn2936_a789d3-7a.kb-button{border-top-color:rgba(236,188,79,0.99);border-top-style:solid;border-right-color:rgba(236,188,79,0.99);border-right-style:solid;border-bottom-color:rgba(236,188,79,0.99);border-bottom-style:solid;border-left-color:rgba(236,188,79,0.99);border-left-style:solid;}}@media all and (max-width: 767px){.wp-block-kadence-advancedbtn .kb-btn2936_a789d3-7a.kb-button{border-top-color:rgba(236,188,79,0.99);border-top-style:solid;border-right-color:rgba(236,188,79,0.99);border-right-style:solid;border-bottom-color:rgba(236,188,79,0.99);border-bottom-style:solid;border-left-color:rgba(236,188,79,0.99);border-left-style:solid;}}<\/style><a class=\"kb-button kt-button button kb-btn2936_a789d3-7a kt-btn-size-large kt-btn-width-type-auto kb-btn-global-outline kt-btn-has-text-true kt-btn-has-svg-false wp-block-kadence-singlebtn\" href=\"https:\/\/magenta2i.com\/nos-offres-et-services\/\"><span class=\"kt-btn-inner-text\"><strong>\u00c9changer sur votre projet<\/strong><\/span><\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:10%\"><\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Due diligence ESG immobili\u00e8re : quels crit\u00e8res analyser avant un investissement ? Pour les investisseurs institutionnels, fonds, fonci\u00e8res et gestionnaires d&rsquo;actifs, la question ne consiste plus uniquement \u00e0 mesurer la performance environnementale d&rsquo;un immeuble ou \u00e0 satisfaire \u00e0 des exigences de reporting. Elle consiste \u00e0 d\u00e9terminer dans quelle mesure les caract\u00e9ristiques ESG d&rsquo;un actif peuvent&#8230;<\/p>","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"class_list":["post-2936","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/magenta2i.com\/en\/wp-json\/wp\/v2\/pages\/2936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magenta2i.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/magenta2i.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/magenta2i.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magenta2i.com\/en\/wp-json\/wp\/v2\/comments?post=2936"}],"version-history":[{"count":35,"href":"https:\/\/magenta2i.com\/en\/wp-json\/wp\/v2\/pages\/2936\/revisions"}],"predecessor-version":[{"id":3036,"href":"https:\/\/magenta2i.com\/en\/wp-json\/wp\/v2\/pages\/2936\/revisions\/3036"}],"wp:attachment":[{"href":"https:\/\/magenta2i.com\/en\/wp-json\/wp\/v2\/media?parent=2936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}