Berlin Hyp joins the Madaster network

Sascha Klaus, Chair of the Board of Management, Berlin Hyp: “I’m very pleased that Berlin Hyp will now be able to support Madaster in Germany by contributing its knowledge and expertise as a Kennedy member. Berlin Hyp is committed to a sustainable future in a world that focuses on resource conservation and climate protection. The real estate sector faces several challenges as it seeks to achieve a transition to a circular economy. We will actively support the Madaster network by contributing our extensive knowledge and experience, and we too view buildings not only as fixed capital but also as a potential source of materials for new construction projects.”

The Madaster online platform for materials was established in 2017. The platform has established an ecosystem with marketplaces that bring together products, architects, project developers, banks, asset managers and public-sector agencies. Every building registered with Madaster is issued a so-called material passport that contains information about material amounts, circulation potential, intrinsic value and residual value. This new type of transparency with regard to material values and material properties ensures a reliable source of data, which in turn establishes a foundation for long-term planning of the re-utilisation of recycled building components and materials in future projects.

Dr. Patrick Bergmann, Managing Director of Madaster Germany: “In addition to government regulations on reducing greenhouse gas emissions and guidelines that require greater transparency and the disclosure of non-financial information, the European Commission is now taking steps to get the construction and real estate industries to do their part as well, whereby the EU taxonomy plays a major role here. We are very pleased that Berlin Hyp has become the first bank to join the Kennedy network and that we can continue to move ahead with efforts to make sustainable finance part of a circular economy.”