October 22, 2020

Neinver reduces CO2 emissions by 15% in the last year


Madrid

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Neinver, Spanish company specialized in investment, development and management of real estate assets and second outlet center operator in Europe, decreased CO2 emissions by 15% across its portfolio and offices in Europe in 2019, continuing with the path of reduction in recent years. The figure represents a significant milestone considering that all the electricity consumed by the centers managed by the company, which represents about 90% of the total energy consumed, already comes from renewable sources.

The company has published the main milestones within its ESG strategy (environmental, social and corporate governance) in its 2019 Annual Report, underlining its commitment to maximize the value created for all its stakeholders. Likewise, the report includes the main economic indicators of the past year.

Throughout the year, the company invested more than 2.2 million euros in initiatives to further decrease its environmental footprint. In addition to reducing direct CO2 emissions, the company managed to reduce the emissions generated by the trips of its employees in 38% thanks to measures such as the change of its headquarters in Madrid to a more central location with better public transport links and the promotion of the use of video conferencing instead of face-to-face meetings.

On the other hand, the water consumption In its entire portfolio it was reduced more than 20% thanks to the continuous improvements implemented and the promotion of best practices among visitors, employees, suppliers and tenants.

The company’s environmental commitment was reflected in the renewal of BREEAM certificates in Use, which accredits both building and sustainable management, of its entire portfolio in Europe, increasing the score in all of them. In addition, he obtained the BREEAM New Construction certificate in the design phase for the center that he is developing in the Netherlands, Amsterdam. The Style Outlets, and that will open at the end of the year.

Among the 2020 goals, the company is working on the implementation of photovoltaic energy systems in some of the centers and in carrying out mobility studies to evaluate alternative means of transport to the private vehicle.

Regarding his social responsibility, Neinver continued reaffirming his commitment to create stable and quality employment, increasing its staff by 4% during the last year and carrying out various activities in collaboration with the brands of its centers to promote local employment in the communities in which it operates. In addition, in 2019 the company managed an important milestone in accessibility with certification under the AIS (Accessibility Indicator System) standard of all centers in Spain, with the aim of extending the certificate to centers in France and Italy in 2020.

The company’s firm commitment to responsible investment and management was also reflected in the support to four Sustainable Development Goals of the United Nations in addition to those it already supported. In this way, Neinver has underlined its commitment to eight goals in total, related to health and wellness, environmental sustainability, the reduction of inequalities, quality employment and economic growth and responsible consumption.

The report also highlights other milestones such as increase of the company score in GRESB, the main ESG evaluation index in the real estate sector, reaching 82 points compared to 69 the previous year.

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