Our contribution to sustainability (ESG)
ESG programmes provide real estate companies with the opportunity to identify relevant material risks and opportunities. Risk management creates long-term value, promotes sustainable financial performance and enhances shareholder value.
The effects of climate change have already impacted real estate markets worldwide. 35% of REITs' properties are exposed to climate hazards. Of these, 17% of properties are exposed to inland flood risk, 6% to sea level rise and coastal flooding, and 12% to hurricanes or typhoons. Successful ESG programmes enable real estate portfolios to better identify and manage risks, especially those caused by climate change, and make more informed investment decisions based on their results.
Property portfolios that track and monitor the energy and water use of their properties can better mitigate future price risk, as commodity prices in certain geographic locations may fluctuate due to climate change or other events. Proactively identifying properties in areas exposed to these risks can allow us as property developers to take the necessary precautions, such as negotiating long-term fixed-price power purchase agreements.
Responsible development and investment is embedded in every aspect of our business and the management of our investments and joint ventures. We provide long-term performance and resilience to our clients through ESG integration by considering the environmental, social and regulatory risks and impacts of our assets under development and management. We strive to measure the impact of our portfolios, set challenging goals for the future and report transparently on our achievements.
Following this specific approach, we have installed two screening processes to support our company's sustainable activities:
Further Informations
You have questions regarding our ESG concept or any realted issues? Please feel free to contact us via email.
Negative Screening
We exclude certain companies or sectors according to a set of predetermined criteria such as:
No foreign subcontractors are allowed in our construction process. We support local companies. This reduces emissions and costs for transport and accommodation of foreign workers travelling to and from the construction site.
We do not import building materials. We buy locally. This reduces the carbon footprint in terms of fewer transport emissions.
We do not allow hazardous materials to be stored in our properties. This reduces the risk of pollution on site.
Positive Screening
We use our extensive roof space to install solar power plants and generate carbon neutral electricity at each of our sites.
We care about gender balance in our company. Our goal is to have 50% female employees.
We install water cisterns to use rainwater for all facility management related activities in our properties.
We install beehives or insect hotels at each of our sites to positively impact biodiversity on our premises.
We install a sophisticated waste prevention and recycling system on each property.