Sustainability

Strategy

REPORT 2023

200

tsd m²

ROOF AREA FOR PV COVERAGE

13.9

MWp

PLANNED PERFORMANCE

13

GWh/year

PLANNED ELECTRICITY PRODUCTION

1440

tons

EXPECTED CO₂ SAVINGS

Investing in a Better Future

Sustainable business and investing is our number one topic. We do not limit ourselves to just protecting the environment. Our approach is comprehensive. Within the ESG criteria, we focus on assessing environmental, social, and governance impacts. Our strategy also includes collaboration with tenants, transparent information sharing, and regular reporting.

Through measuring, evaluating, and improving the impacts of our business on the environment we live in, we help create a sustainable economy and society.

ESG pillars

What is ESG and What is Our Approach?

The ESG acronym (Environmental, Social, Governance) is an internationally recognized term used for evaluating and comparing the corporate social responsibility of companies that, besides generating profit, also care about the impacts of their activities on the environment around us. According to ESG criteria, companies should meet specified conditions in environmental protection, social relationships, and corporate governance. Investors often use these criteria to assess the long-term sustainability and riskiness of investments.

For us, one of the basic priorities is the sustainable operation of real estate. The operation of buildings accounts for 28% of global CO₂ eq emissions, which are primarily generated by energy consumption for heating, hot water heating, and consumed electricity. We want to use ESG principles to reduce operating costs and increase the attractiveness of our properties for tenants and investors.

In creating the ESG strategy, we considered the interests of all stakeholders – investors, banks, employees, and our tenants. We also included future legislative requirements. Based on the analysis conducted, we have set our priorities for all three pillars.

ESG Pillars

Pillar 1 (environment)

Operating sustainable buildings

Our aim is to operate sustainable buildings with minimal energy and water consumption – properties that are a key part of sustainable urban development and contribute to the fight against climate change. Western and Central Europe. With this two-level investment structure, Southeast Asian investors can benefit from a proven European investment concept.

Pillar 2 (social)

We care about people

Being responsible investors, we look for solutions that enhance
the lasting value of assets. To achieve the desired results, we are committed to the active and effective involvement of those on whom our investments have an impact. We also focus our attention on supporting philanthropic activities, culture and sport. It's an important part of our social activity.

Pillar 3 (governance)

Portfolio with lasting value

We want to manage a portfolio featuring a sustainable value, thereby meeting climate and social objectives. It is important for us to reflect the ESG risks and opportunities in all our investment decisions: property acquisition, management, and divestiture.

Download strategy

Download Report 2023

Net-zero Srategy

Reducing the carbon footprint is a key element in the effort towards sustainable development. We regard the transition to a low-emission economy primarily as an opportunity to strengthen our long-term investments and to open new market opportunities.

An important step in fighting climate change and global warming is reducing net GHG emissions to zero. Real estate plays a key role in this global effort to counter climate change. With a view to improving our portfolio’s financial performance we are making preparations for future changes, such as more stringent regulation, carbon taxation, and new requirements of the tenants who are also setting their own ambitious climate protection targets.

The global economy must be decarbonised by 2050 and significant progress must be made in the current decade. This requires transformational changes across our economy.

Although the transition to a low-carbon economy will be challenging we are convinced that we will protect and strengthen long-term investments thanks to our proactive approach. Therefore, we have incorporated a net-zero strategy into our entire investment process: