Zurich relies on Madaster
The real estate department of Zurich Insurance Group is testing Madaster's material passport in a housing project in Holland. The building ID should provide insights for future portfolio management. Zurich aims to decarbonize its real estate.
The real estate division of Zurich Insurance Group’s investment management is testing Madaster’s material passport in a housing project in Holland, Madaster Switzerland informs in a statement . All materials used in the building are recorded in the Madaster material pass. In this way future recycling of the material is made possible. Zurich wants to use the building ID card for future decisions about the development of its own real estate portfolio.
“Through the data transparency of a material passport, we want to learn more about the impact of a building on people and the environment,” Roger Baumann, Chief Operating Officer and Head of Global Real Estate Product Development at Zurich, is quoted in the statement. “We hope to be able to identify new decision-making scope for a significant decarbonization of our real estate portfolio.”
Madaster wants to strengthen the circular economy in the construction and real estate sector. To this end, it offers digital tools on its platform, such as material passports and indices for recording the economic and circular value of buildings. In addition, companies that are committed to the circular economy in the construction and real estate sector are networked. “We want to show that buildings are dynamic systems whose value retention can be realized through data transparency,” explains Marloes Fischer, Managing Director of Madaster Services Switzerland.