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Biodiversity and estate management — BPS & Effinature for REITs
Portfolio assessment + asset certification

Your investors require consolidatable ESRS E4 data. Your assets must document verifiable biodiversity performance. The BPS assesses your portfolio. Effinature certifies each asset. IRICE produces the complete chain of ecological evidence.

Why biodiversity has become an asset management issue for REITs

REITs and asset managers oversee real estate portfolios subject to an unprecedented regulatory convergence. The CSRD ESRS E4 requires consolidatable biodiversity data. The SFDR mandates biodiversity PAI indicators for article 8 and article 9 funds. The EU Taxonomy conditions alignment on documenting DNSH objective 6.

For an estate manager, these requirements translate into concrete needs: assessing the biodiversity of each asset, consolidating data at portfolio level, and producing verifiable, auditable evidence. Self-assessed declarations no longer satisfy the statutory auditors tasked with verifying sustainability statements.

BPS — Portfolio assessment

Biodiversity scoring across 70+ criteria per asset. Consolidatable ESRS E4 and SFDR PAI data. Cross-asset comparison and tracking over time.

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Effinature — Asset certification

Cofrac-accredited certification, enforceable proof per asset. NCO, EVO, HOR, HVE frameworks according to lifecycle phase.

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BPS + Effinature: the complete ESG evidence chain

The BPS + Effinature combination constitutes the complete chain of ecological evidence for REITs subject to the CSRD.

Level 1 — BPS assessment. The Biodiversity Performance Score assesses each portfolio asset against 70+ standardised criteria. It produces a quantitative score, comparable across assets and aggregable at portfolio level. The data directly feeds ESRS E4 and SFDR PAI biodiversity indicators.

Level 2 — Effinature certification. For strategic assets or article 9 funds, Effinature certification provides the higher level of evidence: an attestation delivered by a Cofrac-accredited body, enforceable under Regulation 765/2008. IRICE is accredited under No. 5-0655 — Cofrac Accreditation No. 5-0655, Product, process and service certification, scope available at www.cofrac.fr.

Level 3 — HVE operational monitoring. For assets in operation, the HVE framework extends certification with periodic audits. It produces multi-year consolidatable data, essential for tracking CSRD objectives over time.

Frequently asked questions

The BPS produces a standardised biodiversity score per asset, aggregable at portfolio level. Combined with Effinature certification (asset by asset), it directly feeds ESRS E4 and SFDR PAI biodiversity indicators. IRICE, Cofrac-accredited No. 5-0655, Product, process and service certification, scope available at www.cofrac.fr, delivers both complementary tools.
The BPS produces the quantitative biodiversity indicators expected by the SFDR. For an article 9 fund, the required level of evidence is higher: Effinature certification provides the regulatory enforceability that scoring alone does not cover. The BPS + Effinature combination covers both levels of requirement.
The BPS assesses each portfolio asset against 70+ criteria covering design, construction and operation. Scoring is standardised, enabling comparison between assets and tracking over time. For assets in operation, the HVE framework extends certification with periodic audits.
A certified asset benefits from documented asset valuation: rental attractiveness, climate resilience, anticipated ESG compliance. This green premium is defensible because it rests on accredited evidence.
The BPS is an assessment and scoring tool: it evaluates, quantifies and compares. Effinature is an accredited certification: it attests an asset's compliance with a Cofrac-audited framework. The BPS is the portfolio management tool. Effinature is the enforceable proof, asset by asset.