The EU Vision for Future-Proof Buildings - Perspectives for the Smart Readiness Indicator to Contribute to the Successful Implementation of the Vision

Today, the European Union (EU) is leading the transition towards future-proof buildings to support achieving sustainability goals for the built environment. The Smart Readiness Indicator (SRI) is central to this vision and is designed to enhance buildings' energy efficiency, occupant needs, and support for energy flexibility. However, while the SRI aims to standardize smartness in buildings, its efficacy and market acceptance have remained uncertain.

This white paper examines the EU's strategy for future-proof buildings, focusing on the SRI's role as a standard for smartness. It delves into the SRI's assessment methodology, implementation status across EU member states, and global applicability. Additionally, it evaluates the SRI's attractiveness in real estate markets, highlighting challenges in market adoption and the need for regulatory support.
The paper identifies opportunities to enhance the SRI's implementation by drawing on empirical evidence from the Finnish real estate market and international benchmarking case studies. It proposes aligning the SRI with Environmental, Social, and Governance (ESG) principles to appeal to real estate owners and investors. Furthermore, it suggests expanding the SRI framework to include accessibility metrics, aligning with the EU's focus on modernizing the building stock and promoting inclusivity.

In conclusion, the paper emphasizes the importance of refining the SRI to address the evolving needs of the real estate sector and support the EU's vision for future-proof, resilient, and accessible buildings.