What and why
Transition risk is about how laws, energy requirements, and market expectations affect your buildings as society moves toward lower emissions. The Transition risk page shows where each property stands today and what you can do to improve its energy performance.
Where you start
Open Transition risk to see your portfolio grouped by what each building needs, in priority order:
Missing EPC: no energy label on file yet. Start here, since nothing else can be assessed without one.
Non-compliant, needs plan: has a label, does not meet the requirements, and has no plan.
Plan in progress: a plan is under way.
On track: compliant, or the plan is complete.
Unlike the other risks, transition has nothing to "complete." Some buildings are on track by default and never need work, so the page shows how your portfolio is spread across these four states rather than progress toward a finished total. The summary line at the top counts the on-track buildings, and the settled sections collapse at the bottom with a count.
Energy labels
Everything starts from the energy performance certificate (EPC), the official rating of a building's energy performance. Telescope fetches registered certificates from Enova automatically, but not every building has one. When a certificate is missing, the building sits under "Missing EPC" and you can add it by hand. A building can hold more than one certificate.
Compliance
Each property is measured against two EU Taxonomy criteria, one stricter than the other:
Substantial contribution, the higher bar: EPC class A, or the top 15% of the national building stock for buildings built before 2021. Buildings built after 2020 are measured against the NZEB (nearly zero-energy building) standard.
Do no significant harm (DNSH), the lower bar: EPC class C, or the top 30%.
The two are nested on the same scale, so a building that meets substantial contribution automatically meets DNSH. That leaves three possible outcomes for any building: it fails both (below class C or top 30%), it meets DNSH only (from class C up to class A), or it meets both (class A or top 15%).
In the "Non-compliant, needs plan" list, each property shows a pass or fail on each criterion, so you can see how far off it is.
Transition plans
When a building is not compliant, you create a transition plan to improve its energy performance. A plan records the measures you intend to take, their estimated cost and impact, and tracks progress. You can create more than one plan per property to phase the work.
As soon as a plan exists, the building moves from "Non-compliant, needs plan" to "Plan in progress." When the plan is finished, or the building reaches compliance, it moves to "On track."
Plan status
The plan status tells you the real reason a building sits where it does:
Not needed: the building is compliant by default and never needed a plan. Appears in "On track."
Completed: the building reached compliance through a finished plan. Also appears in "On track."
In progress: a plan is under way. Appears in "Plan in progress."
Not started: a plan is needed but has not been created. Appears in "Non-compliant, needs plan."
Good to know
Energy labels in Norway are issued through Enova, and Telescope keeps registered labels in sync. When one is missing or wrong, you can add or correct it manually.