According to a European survey conducted by BNP Paribas in conjunction with the Toluna-Harris Interactive institute, Luxembourg residents place protecting their homes at the top of their list of priorities when it comes to tackling climate change.
In February 2025, the BNP Paribas Group turned its attention to issues related to housing, climate and energy performance. Together with the Toluna-Harris Interactive institute, the bank conducted an extensive survey of 11,700 Europeans in eight countries, including 700 Luxembourg residents. The survey revealed that in the Grand Duchy, housing is considered the number one priority when it comes to tackling climate change.
Luxembourg residents unequivocally place their homes right at the top of their list of environmental priorities. This phenomenon is unique to Luxembourg, with no other country in Europe placing housing ahead of other issues. Instead, it is mobility that takes precedence elsewhere.
“For people living in Luxembourg, protecting your home means protecting your family, your future and your capital. Energy renovation is therefore becoming an essential lever – not only for its role in the climate transition, but also in the preservation of one’s wealth,” says Marie Delhaye, Head of ESG Projects at BGL BNP Paribas.
The figures speak for themselves:
In a country where property makes up a key proportion of wealth, energy-efficient renovations are widely considered to act as insurance against depreciation. “Households are becoming increasingly aware that properties with a poor energy rating lose value, making them difficult to sell or rent. This awareness is a powerful driving force, but the motivation behind these renovations remains primarily financial in nature,” says Marie Delhaye.
Strangely, this wealth-related perceptiveness does not coincide with strong climate concerns. Along with Germany and the United Kingdom, Luxembourg is among the countries least concerned about global warming in relation to their real estate. 44% of residents say they do not feel concerned about climate issues related to housing, compared with 34% in Europe.
This situation can be explained by the fact that, unlike other countries in the study sample, Luxembourg is less exposed to certain immediate climate risks such as wildfires or extreme heatwaves.
“Our role is to demonstrate that economic and ecological interests go hand in hand. Renovating your home means reducing your bills, growing your wealth and contributing to the fight against climate change all at once,” says Marie Delhaye.
As part of its efforts to support renovation projects, the bank offers a range of financing solutions tailored to the diverse needs of its clients wishing to carry out renovation work, including mortgages, climate loans and co-ownership loans.
Its advisers – equipped with training on climate issues and an understanding of energy performance certificates (EPCs) – work with expert partners such as Actif to support clients through every stage of their projects. BGL BNP Paribas wishes to build on this dynamic to align its clients’ economic interests with their environmental commitments.
