Investing responsibly in a global context
As a business, Redevco is very proud of its heritage and strong values. We are committed to contributing in a consistent way to the mission of our holding company by staying true to our “Business in Balance” principle: a holistic approach to corporate responsibility, encompassing people, the planet and profit.
his principle guides our target-setting and decision-making, with the aim of striking the right balance between social impact, eco-friendliness and profitability. It is our aim to invest in buildings which are sustainable in every sense of the word. This means investing in urban environments that are both vibrant and appealing now and for future generations. Properties which will endure as places where people want to live, work, shop and be entertained. And buildings that are energy efficient.
The publication of the Intergovernmental Panel on Climate Change (IPCC) report in October 2018 showed once again the alarming impact of climate change. This is a signal that we take very seriously as we operate in a sector responsible for close to 40% of global energy consumption and CO2 emissions. At the same time the report shows that there are still ways to keep global warming under 1.5 degrees. This serves as an even stronger motivator to take action and to engage with our investor clients, tenants, employees and other partners as we seek to continuously improve the environmental performance of our assets as well as our business operations. More details on how we do this can be found in subsequent chapters.
We believe that our approach to asset selection and the conscious effort to ‘future-proof’ individual assets by making them economically, functionally, socially and environmentally attractive to businesses and consumers contributes positively to the intent of several of the UN Sustainable Development Goals (SDGs). We see the above as a contribution to SDG 11: “Sustainable Cities and Communities.” By continually raising our own sustainability targets for 2019 and beyond, we are confident about identifying and starting to implement measures that will contribute positively to other SDGs, such as SDG 12 on “Responsible Consumption and Production” and SDG 13 on “Climate Change.”
We are currently exploring the ways to make our offices and our assets under management carbon neutral as we see this as an important step towards achieving our ambitions and to have measurable impact. This is ambitious, yet it is critical since it is in line with the Paris Agreement goals of keeping the rise in global temperatures well below two degrees Celsius this century.