Climate metrics for the real estate industry: Quantum acquires a 50% stake in right°’s real estate division

Quantum Immobilien AG is acquiring a 50% stake in the real estate division of climate tech company right°. With this step, the two companies are deepening their partnership to provide the German real estate sector with science-based and communicatively strong climate metrics. These enable industry stakeholders to measure and clearly communicate the climate impact of their real estate assets, funds, or portfolios.

The foundation for this is the X-Degree Compatibility (XDC) model developed by right°: a science-based methodology for calculating the climate impact of economic entities and expressing it in degrees Celsius, thereby establishing a direct link to the 1.5°C target of the Paris Climate Agreement.

“With right°, we are making the climate impacts of the real estate sector measurably science-based. The potential for the industry is enormous: we can express the sustainability of investments, revitalizations, and soon new builds in a simple, science-based degree figure. For investors, financiers, tenants, or authorities, we will be able to provide a solid, easily understandable demonstration of the Paris alignment of projects or funds,” says Frank Gerhard Schmidt, Member of the Executive Board at Quantum.

With the investment, Quantum and right° are expanding their collaboration, which began in 2022 with the analysis of existing properties and potential 1.5°C-aligned refurbishment plans, and continued in January 2023 with a pilot project to calculate the climate impact of new construction projects.

“With this step, both partners demonstrate their determination to drive the real estate sector’s transformation toward the 1.5°C target and their willingness to swiftly develop solutions where none currently exist—particularly in new construction. Together with Quantum as a renowned partner, we aim to set the standard for the real estate industry. We are convinced that this pioneering approach can inject momentum into the decarbonization of the real estate sector,” says Hannah Helmke, founder and CEO of right°.

right°’s real estate division will be carved out into a newly established company in which Quantum and right° will each hold equal shares. The company will be jointly managed by Hannah Helmke (right°) and Lucius von Bethmann (Quantum).