Our own office operations also have an impact on the environment, so we have implemented a number of measures to reduce the environmental impact of our own operations. At the same we believe we have a broader responsibility to the communities in which we operate. We want to act responsibly and also ‘give back’ and go beyond ‘simply’ maximising our operational sustainability.
In keeping with Mission 2040, we aim to maintain a Net Zero Carbon platform. Our platform is already carbon neutral as we compensate the scope 1, 2 and 3 emissions related to our activities and operations as investment and asset manager. In 2019 we bought offset certificates from Gold Standard to offset our 2018 emissions. In 2020 we entered a longer-term partnership with Land Life Company to offset CO2 emissions from our platform’s operations. Through Land Life Company our emissions of 237 tonnes of CO2 in 2020 were offset by planting trees in northern Spain. Our 2021 emissions of 253 tonnes of CO2 will be offset by Land Life Company again.
We are continuously improving the environmental performance of our offices through different measures e.g. LED lighting, separating our waste, installing smart meters. Currently, 86% of our offices have green energy contracts and we aim to raise this to 100% by 2023, while solar panels on the roof of our Amsterdam office supplied 96% of our total office energy consumption there in 2021.
The health and well-being of our colleagues is important to us and expressed through various initiatives and benefits organised both locally and centrally. In terms of office fit out this includes ergonomic chairs, flexible/standing desks, double screens and headsets, quiet areas and plants/living walls. Health benefits in some of our countries also include regular health checks, gym subscriptions, free fruit, filtered water and yoga or massage in the office.
Clearly, the COVID-19 pandemic continued to play a major role in 2021, with travel restrictions and lockdowns in many regions. As most restrictions across Europe were lifted in early 2022, we look forward to being able to compare the carbon footprint of our ‘new normal’ way of working to the ‘business as usual’ approach prior to the pandemic. Behavioural change will be the biggest driver to ensure that we stay on track for our medium-term 2025 target.
Our employees play an active role in proposing charities we support through the Redevco Foundation. Each of these initiatives is intended to have some degree of positive societal, environmental or cultural impact for the respective stakeholder group that is targeted.
Redevco is convinced that businesses have a broader responsibility to the communities in which they operate. Through the Redevco Foundation and by offering our employees a volunteering day per year for a charitable organisation of their choice, we have created an opportunity to ‘give back’ and go beyond ‘simply’ maximising our operational sustainability.
We live and work in a dynamic world which requires constant learning and adaptation from us all. We stimulate continuous professional development through global and local initiatives. We launched the Redevco Skills Builder. This 24/7 online learning portal offers a wide variety of training opportunities, with a direct link to our business needs.
In February 2020 we organised a Travel Awareness Month to raise awareness for the amount of business travel we undertake and to make an effort to reduce travel emissions. Colleagues were challenged to reduce their air travel and car use by 20%, by using other modes of transport and by replacing in-person gatherings by other types of meetings, e.g. videoconferencing or Skype.
In June 2021 we organised a ‘Battle of the Redevco offices’step challenge. The aim was to get the high score in number of steps in a weeks’ time. As an extra motivation we added the possibility of supporting a charity organisation with this team challenge.
A highlight on the topic of health and well-being was the first edition of the ‘Redevco Vitality Week’ where we offered daily activities and information across all Redevco offices on how to create a healthy and balanced lifestyle at home and in the office.
Each year the Amsterdam office participates in the Dutch initiative the week without meat. During this week we offer vegetarian lunches and educate our employees in how to make conscious decisions in their diets.
In September 2021, we organised a lunch break clean-up. Where we motivated colleagues to go for a 30 minute clean-up in their own neighboorhood and share the results on our internal Yammer channel.