In Luxembourg, energy renovation is a priority

According to a European survey carried out by BNP Paribas with the Toluna - Harris Interactive institute, Luxembourg residents rank protecting their homes as their top priority in the face of climate change.

In February 2025, the BNP Paribas Group turned its attention to the issues surrounding housing, climate and energy efficiency. Working with the Toluna-Harris Interactive institute, the bank carried out an extensive survey surveyed 11,700 Europeans in eight countries, including 700 Luxembourg residents. The study revealed that in the Grand Duchy, housing is considered to be the number one priority in the face of climate change.

Housing, a key lever in the climate transition

Luxembourg residents unhesitatingly place their homes at the top of their list of environmental priorities. Nowhere else in Europe is housing more important than other issues. Elsewhere, mobility takes precedence.

Marie Delhaye, Head of ESG Projects at BGL BNP Paribas.

"For the people of Luxembourg, protecting their home means protecting their family, their future and their capital. Energy renovation is therefore becoming an essential lever, not only for contributing to the climate transition, but also for preserving the value of assets", explains Marie Delhaye, Head of ESG Projects at BGL BNP Paribas.

Green value as a key driver

The figures speak for themselves:

- 80 % of Luxembourg residents believe that energy performance influences, or will influence, the price of a home (compared with 70 % in Europe).

- 66 % consider it essential to invest in renovation to avoid resale below market value.

In a country where property plays a central role in people's wealth, energy-efficient renovation is widely seen as insurance against property depreciation. "Householders are becoming increasingly aware that a home with a poor energy rating loses its value and becomes difficult to sell or rent. This awareness is a powerful driving force, but it remains primarily a financial one," says Marie Delhaye.

Fewer concerns about the climate

Paradoxically, this awareness of property issues is not accompanied by a strong concern about climate change. Along with Germany and the United Kingdom, Luxembourg is one of the countries least concerned about global warming in relation to their property. 44 % of residents say they do not feel concerned by climate issues relating to housing, compared with 34 % in Europe.

This can be explained by the fact that the country is less exposed to certain immediate climatic risks, such as fires or extreme heat waves, as is the case in other countries in the study sample.

"Our role is to show that the economic interest and the ecological interest converge. Renovating your home means reducing your bills, enhancing the value of your property and helping to combat climate change," says Marie Delhaye.

The commitment of BGL BNP Paribas

To support renovation projects, the bank offers a range of financing solutions to meet the diverse needs of its customers wishing to carry out renovation work: home loan, climate loan and co-ownership loan.

Its advisers, trained in climate issues and how to understand an energy performance certificate (EPC), work with expert partners such as Assets to support customers at every stage of their project. BGL BNP Paribas wants to build on this momentum to ensure that the economic interests of its customers and their commitment to the environment converge.