{"id":11078,"date":"2026-11-11T13:08:25","date_gmt":"2026-11-11T13:08:25","guid":{"rendered":"https:\/\/alphaprop.ch\/?p=11078"},"modified":"2026-11-11T13:12:59","modified_gmt":"2026-11-11T13:12:59","slug":"la-trajectoire-de-reduction-de-co%e2%82%82-mise-a-jour-2026","status":"publish","type":"post","link":"https:\/\/alphaprop.ch\/fr\/la-trajectoire-de-reduction-de-co%e2%82%82-mise-a-jour-2026\/","title":{"rendered":"Fonds immobiliers suisses et fondations de placement sur la trajectoire de r\u00e9duction de CO\u2082 : mise \u00e0 jour 2026"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-group has-background is-layout-constrained wp-container-core-group-is-layout-26a738c0 wp-block-group-is-layout-constrained\" style=\"border-radius:24px;background-color:#ecf0f3;padding-top:24px;padding-right:24px;padding-bottom:24px;padding-left:24px\">\n<h2 class=\"wp-block-heading\">R\u00e9sum\u00e9<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>La couverture des donn\u00e9es reste quasi totale :<\/strong> des indicateurs environnementaux sont disponibles pour 99,0 % du SWIIT et 98,2 % de l&rsquo;indice immobilier CAFP (pond\u00e9r\u00e9). Selon la m\u00e9thodologie REIDA, 95,4 % des soci\u00e9t\u00e9s du SWIIT publient leurs donn\u00e9es, contre seulement 77,2 % dans le KGAST.<\/li>\n\n\n\n<li><strong>L&rsquo;intensit\u00e9 \u00e9nerg\u00e9tique et<\/strong> l&rsquo;intensit\u00e9 en CO\u2082 ont de nouveau diminu\u00e9. En valeur pond\u00e9r\u00e9e, l\u2019intensit\u00e9 en CO\u2082 s\u2019\u00e9l\u00e8ve \u00e0 13,44 kg CO\u2082e\/m\u00b2 au sein du SWIIT (contre 14,25 l\u2019ann\u00e9e pr\u00e9c\u00e9dente) et \u00e0 12,53 kg CO\u2082e\/m\u00b2 au sein du CAFP (contre 13,48). Toutefois, avec respectivement 55,9 % et 53,9 %, plus de la moiti\u00e9 de l\u2019\u00e9nergie provient toujours de sources fossiles.<\/li>\n\n\n\n<li><strong>83 % des fonds SWIIT<\/strong> et <strong>65 % des groupes d\u2019investissement CAFP publient<\/strong>une trajectoire de r\u00e9duction visant la neutralit\u00e9 carbone d\u2019ici 2050. Avec leurs objectifs agr\u00e9g\u00e9s pour 2030, ils s\u2019inscrivent dans la trajectoire CRREM 1,5 \u00b0C.<\/li>\n\n\n\n<li><strong>Nous avons r\u00e9cemment analys\u00e9 les prospectus des fonds immobiliers cot\u00e9s :<\/strong> 37 fonds sur 47 int\u00e8grent un objectif quantitatif de d\u00e9veloppement durable dans leur prospectus (87,0 % de la capitalisation boursi\u00e8re). 23 fonds (65,0 %) se pr\u00e9sentent express\u00e9ment comme des produits li\u00e9s au d\u00e9veloppement durable, conform\u00e9ment aux normes AMAS.<\/li>\n<\/ul>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Depuis l&rsquo;introduction des chiffres-cl\u00e9s environnementaux par l&rsquo;Asset Management Association Switzerland (AMAS), la publication des chiffres-cl\u00e9s \u00e9nerg\u00e9tiques et de CO\u2082 est devenue la norme pour les placements immobiliers indirects. La question n\u2019est donc plus tant de savoir si ces donn\u00e9es sont communiqu\u00e9es, mais plut\u00f4t dans quelle mesure elles sont comparables, comment les chiffres-cl\u00e9s \u00e9voluent et dans quelle mesure les produits d\u2019investissement fixent leurs objectifs climatiques de mani\u00e8re contraignante.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nous analysons les fonds immobiliers du SWIIT et les groupes de placement de l&rsquo;indice CAFP Immo. Outre les indicateurs environnementaux et les trajectoires de r\u00e9duction des \u00e9missions de CO\u2082, nous \u00e9valuons cette ann\u00e9e, pour la premi\u00e8re fois, les prospectus des fonds immobiliers cot\u00e9s.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">La couverture des donn\u00e9es reste quasi totale<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Des indicateurs environnementaux sont disponibles pour 45 des 47 fonds du SWIIT (99,0 % de l\u2019indice pond\u00e9r\u00e9) et pour 44 des 49 groupes de placement de l\u2019indice CAFP Immo (98,2 %).<\/p>\n\n\n\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6af4a9f12e726&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"6af4a9f12e726\" class=\"wp-block-image size-large wp-lightbox-container\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"778\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on--pointerdown=\"actions.preloadImage\" data-wp-on--pointerenter=\"actions.preloadImageWithDelay\" data-wp-on--pointerleave=\"actions.cancelPreload\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/datenabdeckung_fr-1024x778.png\" alt=\"\" class=\"wp-image-11175\" srcset=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/datenabdeckung_fr-1024x778.png 1024w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/datenabdeckung_fr-500x380.png 500w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/datenabdeckung_fr-767x583.png 767w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/datenabdeckung_fr-1536x1167.png 1536w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/datenabdeckung_fr-2048x1556.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\tdata-wp-bind--aria-label=\"state.thisImage.triggerButtonAriaLabel\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.thisImage.buttonRight\"\n\t\t\tdata-wp-style--top=\"state.thisImage.buttonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Au sein m\u00eame des portefeuilles, la couverture est \u00e9galement \u00e9lev\u00e9e. Le taux de couverture \u2013 c\u2019est-\u00e0-dire la part de la superficie du portefeuille prise en compte dans les chiffres-cl\u00e9s \u2013 s\u2019\u00e9tablit en m\u00e9diane \u00e0 97,5 % (SWIIT) et \u00e0 96,4 % (CAFP). En valeur pond\u00e9r\u00e9e, il est l\u00e9g\u00e8rement inf\u00e9rieur, \u00e0 95,7 % et 92,6 % respectivement : les grands produits prennent en compte une part l\u00e9g\u00e8rement plus r\u00e9duite de leur superficie. Par rapport \u00e0 2023\/2024, les produits pr\u00e9sentant un faible taux de couverture sont devenus plus rares.<\/p>\n\n\n\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6af4a9f12f1d6&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"6af4a9f12f1d6\" class=\"wp-block-image size-large wp-lightbox-container\"><img decoding=\"async\" width=\"1024\" height=\"673\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on--pointerdown=\"actions.preloadImage\" data-wp-on--pointerenter=\"actions.preloadImageWithDelay\" data-wp-on--pointerleave=\"actions.cancelPreload\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/abdeckungsgrad_boxplot_vergleich_gewichtet_fr-1024x673.png\" alt=\"\" class=\"wp-image-11178\" srcset=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/abdeckungsgrad_boxplot_vergleich_gewichtet_fr-1024x673.png 1024w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/abdeckungsgrad_boxplot_vergleich_gewichtet_fr-500x329.png 500w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/abdeckungsgrad_boxplot_vergleich_gewichtet_fr-768x505.png 768w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/abdeckungsgrad_boxplot_vergleich_gewichtet_fr-1536x1010.png 1536w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/abdeckungsgrad_boxplot_vergleich_gewichtet_fr-2048x1347.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\tdata-wp-bind--aria-label=\"state.thisImage.triggerButtonAriaLabel\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.thisImage.buttonRight\"\n\t\t\tdata-wp-style--top=\"state.thisImage.buttonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">La norme REIDA s\u2019impose \u2013 avec toutefois des lacunes dans le CAFP<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">La publication des rapports selon la m\u00e9thodologie REIDA continue de s&rsquo;imposer : au sein du SWIIT, les produits repr\u00e9sentant 95,4 % de la capitalisation boursi\u00e8re publient leurs rapports selon la m\u00e9thodologie REIDA (2023\/2024 : 85,0 %, 2024\/2025 : 93,1 %), tandis que dans le CAFP, ce chiffre s\u2019\u00e9l\u00e8ve \u00e0 77,2 % (2023\/2024 : 71,2 %, 2024\/2025 : 75,5 %). Le SWIIT est ainsi presque enti\u00e8rement pris en compte dans le REIDA. Dans le cas des fondations d\u2019investissement, cela n\u2019est pas toujours explicitement indiqu\u00e9.<\/p>\n\n\n\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6af4a9f12fc62&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"6af4a9f12fc62\" class=\"wp-block-image size-large wp-lightbox-container\"><img decoding=\"async\" width=\"1024\" height=\"728\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on--pointerdown=\"actions.preloadImage\" data-wp-on--pointerenter=\"actions.preloadImageWithDelay\" data-wp-on--pointerleave=\"actions.cancelPreload\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/reida_anteil_fr-1024x728.png\" alt=\"\" class=\"wp-image-11181\" srcset=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/reida_anteil_fr-1024x728.png 1024w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/reida_anteil_fr-500x355.png 500w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/reida_anteil_fr-767x545.png 767w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/reida_anteil_fr-1536x1092.png 1536w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/reida_anteil_fr-2048x1456.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\tdata-wp-bind--aria-label=\"state.thisImage.triggerButtonAriaLabel\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.thisImage.buttonRight\"\n\t\t\tdata-wp-style--top=\"state.thisImage.buttonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">L&rsquo;utilisation d\u00e9termine l&rsquo;intensit\u00e9 \u00e9nerg\u00e9tique<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">L\u2019intensit\u00e9 \u00e9nerg\u00e9tique se rapporte \u00e0 la consommation d\u2019\u00e9nergie contr\u00f4l\u00e9e par le propri\u00e9taire par rapport \u00e0 la surface de r\u00e9f\u00e9rence \u00e9nerg\u00e9tique, y compris les surfaces communes.<\/p>\n\n\n\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6af4a9f1309a2&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"6af4a9f1309a2\" class=\"wp-block-image size-large wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"535\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on--pointerdown=\"actions.preloadImage\" data-wp-on--pointerenter=\"actions.preloadImageWithDelay\" data-wp-on--pointerleave=\"actions.cancelPreload\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/energy_intensity_boxplot_fr-1024x535.png\" alt=\"\" class=\"wp-image-11184\" srcset=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/energy_intensity_boxplot_fr-1024x535.png 1024w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/energy_intensity_boxplot_fr-766x400.png 766w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/energy_intensity_boxplot_fr-500x261.png 500w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/energy_intensity_boxplot_fr-1536x802.png 1536w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/energy_intensity_boxplot_fr-2048x1069.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\tdata-wp-bind--aria-label=\"state.thisImage.triggerButtonAriaLabel\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.thisImage.buttonRight\"\n\t\t\tdata-wp-style--top=\"state.thisImage.buttonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Le portefeuille m\u00e9dian pr\u00e9sente une intensit\u00e9 \u00e9nerg\u00e9tique de 99 kWh\/m\u00b2 selon le SWIIT et de 96 kWh\/m\u00b2 selon le CAFP. Les portefeuilles r\u00e9sidentiels (m\u00e9diane : SWIIT 101, CAFP 99 kWh\/m\u00b2) se situent nettement au-dessus des portefeuilles commerciaux (SWIIT 66, CAFP 84 kWh\/m\u00b2).<br>Au cours des trois derni\u00e8res p\u00e9riodes, l&rsquo;intensit\u00e9 \u00e9nerg\u00e9tique n&rsquo;a cess\u00e9 de diminuer : en moyenne pond\u00e9r\u00e9e des deux indices, elle est pass\u00e9e de 101,7 kWh\/m\u00b2 (2023\/2024) \u00e0 95,3 kWh\/m\u00b2 (2025\/2026), et en m\u00e9diane, de 103,2 \u00e0 96,8 kWh\/m\u00b2.<\/p>\n\n\n\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6af4a9f13139c&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"6af4a9f13139c\" class=\"wp-block-image size-large wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"563\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on--pointerdown=\"actions.preloadImage\" data-wp-on--pointerenter=\"actions.preloadImageWithDelay\" data-wp-on--pointerleave=\"actions.cancelPreload\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/energy_intensity_boxplot_vergleich_gewichtet_fr-1024x563.png\" alt=\"\" class=\"wp-image-11187\" srcset=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/energy_intensity_boxplot_vergleich_gewichtet_fr-1024x563.png 1024w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/energy_intensity_boxplot_vergleich_gewichtet_fr-500x275.png 500w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/energy_intensity_boxplot_vergleich_gewichtet_fr-767x422.png 767w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/energy_intensity_boxplot_vergleich_gewichtet_fr-1536x845.png 1536w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/energy_intensity_boxplot_vergleich_gewichtet_fr-2048x1126.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\tdata-wp-bind--aria-label=\"state.thisImage.triggerButtonAriaLabel\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.thisImage.buttonRight\"\n\t\t\tdata-wp-style--top=\"state.thisImage.buttonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n\n\n\n<div class=\"wp-block-group has-background is-layout-constrained wp-container-core-group-is-layout-26a738c0 wp-block-group-is-layout-constrained\" style=\"border-radius:24px;background-color:#ecf0f3;padding-top:24px;padding-right:24px;padding-bottom:24px;padding-left:24px\">\n<h2 class=\"wp-block-heading\">Alphaprop automatise votre reporting ESG<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Collecte automatis\u00e9e<\/strong> des donn\u00e9es relatives \u00e0 l&rsquo;\u00e9nergie et \u00e0 la consommation<\/li>\n\n\n\n<li>Calcul de tous <strong>les chiffres-cl\u00e9s environnementaux<\/strong> selon les normes AMAS, CAFP et ASIP<\/li>\n\n\n\n<li>Calcul de <strong>la trajectoire de r\u00e9duction des \u00e9missions de CO\u2082<\/strong> pour des biens immobiliers ou l\u2019ensemble du portefeuille<\/li>\n\n\n\n<li><strong>Analyse comparative<\/strong> \u00e0 partir des donn\u00e9es issues de l\u2019univers des placements immobiliers indirects en Suisse<\/li>\n\n\n\n<li>Remplissage des mod\u00e8les pour REIDA, GRESB et d&rsquo;autres rapports<\/li>\n\n\n\n<li>Analyse dans un <strong>tableau de bord interactif<\/strong><\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-3e41869c wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link has-text-align-center wp-element-button\" href=\"https:\/\/alphaprop.ch\/fr\/reporting-esg\/\" target=\"_blank\" rel=\"noreferrer noopener\">En savoir plus sur le reporting ESG<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">L&rsquo;intensit\u00e9 en CO\u2082 continue de baisser<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">L\u2019intensit\u00e9 des \u00e9missions de gaz \u00e0 effet de serre mesure les \u00e9quivalents CO\u2082 par m\u00e8tre carr\u00e9 de surface de r\u00e9f\u00e9rence \u00e9nerg\u00e9tique. Conform\u00e9ment aux chiffres-cl\u00e9s environnementaux de l\u2019AMAS, l\u2019accent est mis sur la partie contr\u00f4l\u00e9e par le propri\u00e9taire (Scope 1 et 2).<\/p>\n\n\n\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6af4a9f135cc6&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"6af4a9f135cc6\" class=\"wp-block-image size-large wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"535\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on--pointerdown=\"actions.preloadImage\" data-wp-on--pointerenter=\"actions.preloadImageWithDelay\" data-wp-on--pointerleave=\"actions.cancelPreload\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/emissions_intensity_boxplot_fr-1024x535.png\" alt=\"\" class=\"wp-image-11190\" srcset=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/emissions_intensity_boxplot_fr-1024x535.png 1024w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/emissions_intensity_boxplot_fr-500x261.png 500w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/emissions_intensity_boxplot_fr-766x400.png 766w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/emissions_intensity_boxplot_fr-1536x802.png 1536w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/emissions_intensity_boxplot_fr-2048x1069.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\tdata-wp-bind--aria-label=\"state.thisImage.triggerButtonAriaLabel\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.thisImage.buttonRight\"\n\t\t\tdata-wp-style--top=\"state.thisImage.buttonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Les intensit\u00e9s en CO\u2082 suivent la m\u00eame tendance que l\u2019intensit\u00e9 \u00e9nerg\u00e9tique : les portefeuilles r\u00e9sidentiels affichent une m\u00e9diane de 15,6 (SWIIT) et 14,9 kg de CO\u2082e\/m\u00b2 (CAFP), tandis que les portefeuilles commerciaux s\u2019\u00e9tablissent respectivement \u00e0 6,4 et 10,2 kg de CO\u2082e\/m\u00b2.<\/p>\n\n\n\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6af4a9f136795&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"6af4a9f136795\" class=\"wp-block-image size-large wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"578\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on--pointerdown=\"actions.preloadImage\" data-wp-on--pointerenter=\"actions.preloadImageWithDelay\" data-wp-on--pointerleave=\"actions.cancelPreload\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/emissions_intensity_boxplot_vergleich_gewichtet_fr-1024x578.png\" alt=\"\" class=\"wp-image-11193\" srcset=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/emissions_intensity_boxplot_vergleich_gewichtet_fr-1024x578.png 1024w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/emissions_intensity_boxplot_vergleich_gewichtet_fr-500x282.png 500w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/emissions_intensity_boxplot_vergleich_gewichtet_fr-768x433.png 768w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/emissions_intensity_boxplot_vergleich_gewichtet_fr-1536x866.png 1536w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/emissions_intensity_boxplot_vergleich_gewichtet_fr-2048x1155.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\tdata-wp-bind--aria-label=\"state.thisImage.triggerButtonAriaLabel\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.thisImage.buttonRight\"\n\t\t\tdata-wp-style--top=\"state.thisImage.buttonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Sur trois p\u00e9riodes, l\u2019intensit\u00e9 en CO\u2082 pond\u00e9r\u00e9e des deux indices a baiss\u00e9, passant de 14,8 \u00e0 13,0 kg de CO\u2082e\/m\u00b2. L\u2019indice de r\u00e9f\u00e9rence REIDA 2024 s\u2019\u00e9tablit \u00e0 11,7 kg de CO\u2082e\/m\u00b2 ; le SWIIT et le CAFP se situent donc encore l\u00e9g\u00e8rement au-dessus de cette moyenne pond\u00e9r\u00e9e, tous types d\u2019utilisation confondus.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">La majeure partie du mix \u00e9nerg\u00e9tique reste fossile<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Pour atteindre les objectifs de z\u00e9ro \u00e9mission nette, outre l\u2019efficacit\u00e9 \u00e9nerg\u00e9tique, le remplacement des \u00e9nergies fossiles est un facteur d\u00e9terminant.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"750\" src=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/energietraegermix_fr-1024x750.png\" alt=\"\" class=\"wp-image-11196\" srcset=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/energietraegermix_fr-1024x750.png 1024w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/energietraegermix_fr-500x366.png 500w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/energietraegermix_fr-767x562.png 767w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/energietraegermix_fr-1536x1125.png 1536w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/energietraegermix_fr-2048x1501.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Par rapport \u00e0 la p\u00e9riode pr\u00e9c\u00e9dente, les deux indices montrent une nouvelle \u00e9volution vers les sources d\u2019\u00e9nergie non fossiles. La part des \u00e9nergies fossiles a baiss\u00e9 de 57,7 % \u00e0 55,9 % dans le SWIIT et de 58,4 % \u00e0 53,9 % dans le CAFP. Le principal moteur de cette \u00e9volution est le chauffage urbain, dont la part dans le CAFP est pass\u00e9e de 19,2 % \u00e0 22,9 %.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Produits d\u2019investissement sur la trajectoire de r\u00e9duction<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Une \u00ab trajectoire de r\u00e9duction \u00bb indique comment un produit d&rsquo;investissement pr\u00e9voit de r\u00e9duire son intensit\u00e9 carbone d&rsquo;ici 2050. De plus en plus de produits d\u00e9finissent explicitement leurs objectifs :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>39 fonds SWIIT et 36 groupes de placement CAFP se sont fix\u00e9 pour objectif d&rsquo;atteindre la neutralit\u00e9 carbone d&rsquo;ici 2050.<\/li>\n\n\n\n<li>39 produits SWIIT et 34 produits CAFP fixent des objectifs interm\u00e9diaires \u00e0 l&rsquo;horizon 2030.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Les trajectoires de r\u00e9duction n&rsquo;\u00e9tant pas publi\u00e9es sous une forme lisible par machine, nous les repr\u00e9sentons de mani\u00e8re simplifi\u00e9e : de mani\u00e8re lin\u00e9aire, depuis la valeur de r\u00e9f\u00e9rence d\u00e9clar\u00e9e jusqu&rsquo;\u00e0 l&rsquo;objectif de 2030, puis jusqu&rsquo;\u00e0 la neutralit\u00e9 carbone en 2050. Les valeurs pond\u00e9r\u00e9es de ces trajectoires sont ainsi mod\u00e9lis\u00e9es et ne sont pas directement comparables aux intensit\u00e9s de CO\u2082 d\u00e9clar\u00e9es.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ces deux indices pr\u00e9sentent une image similaire : la valeur pond\u00e9r\u00e9e de la trajectoire des 39 fonds SWIIT dot\u00e9s d&rsquo;une trajectoire de r\u00e9duction est pass\u00e9e de 15,07 (Analyse 2024) \u00e0 13,86 (analyse 2025) \u00e0 12,94 kg de CO\u2082e\/m\u00b2 ; celle des 32 groupes de placement CAFP est pass\u00e9e de 12,65 \u00e0 11,33, puis \u00e0 11,15 kg de CO\u2082e\/m\u00b2. Pour le CAFP, les chiffres de l\u2019ann\u00e9e pr\u00e9c\u00e9dente reposent sur un nombre nettement inf\u00e9rieur de groupes d\u2019investissement (20 et 21 respectivement), car de nombreuses trajectoires de r\u00e9duction n\u2019ont \u00e9t\u00e9 publi\u00e9es que r\u00e9cemment. D\u2019ici 2030, les produits visent en moyenne 8,0 kg CO\u2082e\/m\u00b2 (SWIIT) et 6,7 kg CO\u2082e\/m\u00b2 (CAFP). Le SWIIT se situe ainsi entre les valeurs CRREM 1,5 \u00b0C pour le logement et les bureaux (respectivement 7,8 et 9,1 kg CO\u2082e\/m\u00b2), tandis que le CAFP se situe en dessous de celles-ci. La valeur CRREM n\u2019est toutefois comparable que dans une certaine mesure, car elle inclut \u00e9galement l\u2019\u00e9nergie consomm\u00e9e par les locataires.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"908\" src=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/swiit_redu_fr-1024x908.png\" alt=\"\" class=\"wp-image-11134\" srcset=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/swiit_redu_fr-1024x908.png 1024w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/swiit_redu_fr-500x443.png 500w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/swiit_redu_fr-768x681.png 768w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/swiit_redu_fr-1536x1362.png 1536w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/swiit_redu_fr-2048x1816.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"908\" src=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/kgast_redu_fr-1024x908.png\" alt=\"\" class=\"wp-image-11199\" srcset=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/kgast_redu_fr-1024x908.png 1024w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/kgast_redu_fr-500x443.png 500w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/kgast_redu_fr-768x681.png 768w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/kgast_redu_fr-1536x1362.png 1536w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/kgast_redu_fr-2048x1816.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">La durabilit\u00e9 dans le prospectus des fonds<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Nous avons r\u00e9cemment analys\u00e9 les prospectus (y compris le contrat de fonds ou le r\u00e8glement de placement) des 47 fonds immobiliers cot\u00e9s du SWIIT. C\u2019est le prospectus le plus r\u00e9cent qui fait foi : 44 des 47 prospectus datent de 2026, les autres de 2024 et 2025. Les groupes de placement de la CAFP ne sont pas inclus dans cette analyse. La pond\u00e9ration est effectu\u00e9e en fonction de la capitalisation boursi\u00e8re (au 06\/11\/2026).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">R\u00e9f\u00e9rence en mati\u00e8re de durabilit\u00e9 selon l\u2019AMAS<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Pr\u00e8s de la moiti\u00e9 des fonds (23 sur 47) se pr\u00e9sentent express\u00e9ment dans leur prospectus comme des fonds collectifs ax\u00e9s sur le d\u00e9veloppement durable, conform\u00e9ment \u00e0 l&rsquo;autor\u00e9gulation AMAS ; en termes de capitalisation boursi\u00e8re, ce chiffre s&rsquo;\u00e9l\u00e8ve \u00e0 65,0 %. Quinze autres fonds (22,8 %) poursuivent manifestement un objectif de d\u00e9veloppement durable sans mentionner la classification AMAS. Neuf fonds (12,2 %) ne se positionnent pas comme durables \u2013 certains s\u2019en distancient express\u00e9ment, bien qu\u2019ils publient des indicateurs environnementaux.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"618\" src=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/nachhaltigkeitsbezug_amas_prospekt_swiit_fr-1024x618.png\" alt=\"\" class=\"wp-image-11202\" srcset=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/nachhaltigkeitsbezug_amas_prospekt_swiit_fr-1024x618.png 1024w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/nachhaltigkeitsbezug_amas_prospekt_swiit_fr-500x302.png 500w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/nachhaltigkeitsbezug_amas_prospekt_swiit_fr-767x463.png 767w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/nachhaltigkeitsbezug_amas_prospekt_swiit_fr-1536x927.png 1536w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/nachhaltigkeitsbezug_amas_prospekt_swiit_fr-2048x1236.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Objectifs quantitatifs dans le prospectus<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">37 fonds sur 47 (78,7 %) inscrivent express\u00e9ment dans leur prospectus un objectif quantitatif de durabilit\u00e9 \u2013 par exemple une r\u00e9duction des \u00e9missions de CO\u2082 d\u2019ici 2030 ou la neutralit\u00e9 carbone d\u2019ici 2050 ; en termes de capitalisation boursi\u00e8re, ce chiffre s\u2019\u00e9l\u00e8ve \u00e0 87,0 %.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"600\" src=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/quantitatives_ziel_prospekt_swiit_fr-1024x600.png\" alt=\"\" class=\"wp-image-11205\" srcset=\"https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/quantitatives_ziel_prospekt_swiit_fr-1024x600.png 1024w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/quantitatives_ziel_prospekt_swiit_fr-500x293.png 500w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/quantitatives_ziel_prospekt_swiit_fr-766x449.png 766w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/quantitatives_ziel_prospekt_swiit_fr-1536x900.png 1536w, https:\/\/alphaprop.ch\/wp-content\/uploads\/2026\/11\/quantitatives_ziel_prospekt_swiit_fr-2048x1200.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Une \u00e9volution positive, mais des d\u00e9fis qui persistent<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">La mise \u00e0 jour 2026 confirme la tendance observ\u00e9e les ann\u00e9es pr\u00e9c\u00e9dentes : la couverture des donn\u00e9es est quasi totale, le reporting selon la norme REIDA s&rsquo;impose, et l&rsquo;intensit\u00e9 \u00e9nerg\u00e9tique ainsi que l&rsquo;intensit\u00e9 en CO\u2082 ont de nouveau diminu\u00e9. Un plus grand nombre de produits que l\u2019ann\u00e9e pr\u00e9c\u00e9dente ont formul\u00e9 un objectif de z\u00e9ro \u00e9mission nette, et la grande majorit\u00e9 des fonds cot\u00e9s inscrivent d\u00e9sormais \u00e9galement leurs objectifs dans leur prospectus.<br>Avec plus de 50 % d&rsquo;\u00e9nergies fossiles, il reste toutefois clairement n\u00e9cessaire d&rsquo;agir. Le respect des trajectoires de r\u00e9duction d\u00e9pendra de la capacit\u00e9 \u00e0 remplacer les syst\u00e8mes de chauffage fossiles au rythme pr\u00e9vu au cours des prochaines ann\u00e9es.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Parcours de r\u00e9duction des placements immobiliers indirects \u00e0 l&rsquo;horizon 2026 : o\u00f9 en sont les fonds immobiliers et les fondations de placement en mati\u00e8re d&rsquo;intensit\u00e9 carbone et d&rsquo;objectifs climatiques ?<\/p>\n","protected":false},"author":6,"featured_media":11134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[10],"tags":[50,52],"class_list":["post-11078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-categorise","tag-esg-fr","tag-marche"],"acf":[],"yoast_head":"<!-- This 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