Update on our ESG Activities and Projects
Almost six months have passed since the release of our inaugural ESG Report. It is time to reflect on our activities in terms of sustainability and social responsibility. This summary provides specific updates on what our ESG team has been working on and the progress we’ve made.
Sustainability and social responsibility are not just buzzwords—they are principles that permeate all areas of our business. As an investment fund managing a large portfolio of commercial buildings across the European Union, we understand the impact we have on people’s lives and the environment. That’s why we are proactively working to optimize the energy consumption of our buildings and reduce our carbon footprint.
These are not some vague plans for a distant future. We have published an ESG Strategy outlining specific steps to achieve a net-zero future. Earlier this year, through our first ESG report, we informed our partners, investors, and affected communities about our progress.
That report was published six months ago—ample time for meaningful advancements. This is why we are now releasing this summary to update you on the progress of our ESG initiatives.
Photovoltaics
Photovoltaic (PV) installations are underway, and by the end of 2024, we plan to complete installations on the roofs of six retail parks in Czechia, two in Slovakia, and two in Slovenia. The accompanying photo showcases the progress of PV installation on one of our largest properties and the largest property in Slovakia—Logistic Park Prešov.
Support for Electric Mobility
We are actively supporting electromobility, not just in words but through action. At 11 locations across the Czech Republic, we are in the project phase of installing charging stations. This initiative will result in 80 charging points across the country. Additionally, we are conducting a feasibility study to identify future locations for expansion.
Energy-Efficient Lighting
Even small changes can make a significant difference when implemented on a large scale. By replacing outdated sodium external lights with modern LED alternatives, we can save up to 70% of energy. This year, we plan to upgrade external lighting systems at four locations.
Collaboration with Tenants
We are also collaborating with our tenants to implement sustainable practices. Together, we are working to reduce water consumption, monitor indoor air quality, replace traditional cleaning products with eco-friendly alternatives, and ensure proper waste recycling practices are followed.
Certification / Sustainable Funds Category
Certifications play a crucial role in ensuring our activities comply with international standards. Funds that adhere to specific sustainability criteria and promote environmental or social objectives are often referred to as “light green” funds. By the end of this year, we aim to achieve the Light Green fund classification under the SFDR (Sustainable Finance Disclosure Regulation) of the EU.
Additionally, we are working toward certifying our first 10 properties under the BREEAM In-Use standard at the Very Good level. Over the next three years, we plan to certify all properties in our portfolio under BREEAM.
This is just a brief update on our progress. A more detailed overview will be provided in our annual ESG report.
