EQS-News: IMMOFINANZ to reach emission-free status by 2040

EQS-News: IMMOFINANZ AG / Key word(s): Sustainability/Real Estate
IMMOFINANZ to reach emission-free status by 2040

17.12.2021 / 09:31
The issuer is solely responsible for the content of this announcement.

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IMMOFINANZ to reach emission-free status by 2040

IMMOFINANZ is making an important contribution to the fight against
climate change with its new Net Zero Emission Strategy. Plans call for a
reduction of 60% (below the 2019 level) in all greenhouse gas emissions by
2030 – and by 2040, this leading European commercial real estate company
intends to be emission-free along the entire value chain. That means
IMMOFINANZ will clearly exceed the goal set by the European Union to
attain climate neutrality by 2050.

The real estate sector plays a decisive role in the fight against the
steadily progressing climate change. Roughly 40% of worldwide emissions
are attributable to the construction or operation of buildings. In order
to limit global warming to a maximum of 1.5 C, numerous measures are
urgently needed. IMMOFINANZ, as one of the leading commercial real estate
companies in Europe, has accepted this responsibility and intends to
become emission-free by 2040.

„The acute climate crisis and the related ecological impact are the most
pressing challenges of our time, and we are all called on to act. We have
therefore set an ambitious goal to become emission-free in all areas of
our company by 2040. That reflects our commitment to accept responsibility
for mankind and our environment as well as our intention to play a leading
role in the sustainable transformation of our industry“, commented Dietmar
Reindl, COO of IMMOFINANZ, on the company’s ambitious sustainability
programme.

IMMOFINANZ’s Net Zero Emission Strategy includes solid and specific
targets and milestones. The most important goals are to reduce all
climate-damaging greenhouse gas emissions (e.g. CO[2], methane etc.) by
60% below the 2019 level by 2030 and to make the common areas and
portfolio space managed by IMMOFINANZ emission-free. The entire value
chain is projected to be emission-free by 2040, i.e. including
construction and refurbishing measures. Tenants will be supported in
reaching net zero emission status. All greenhouse gas emissions will be
reduced, and only technologically unavoidable residual emissions will be
neutralised through compensation measures. The timetable will be reviewed
at five-year intervals up to 2040 to drive the related measures, utilise
opportunities and give customers, tenants and investors a clear impression
of the status of target attainment.

Green technologies for more energy efficiency
IMMOFINANZ has defined a wide-ranging programme of measures to reduce
greenhouse gas emissions and, in doing so, meet these ambitious goals. For
example: Each year; at least 5% of the property portfolio will undergo
extensive energy efficiency refurbishment. IMMOFINANZ will also
significantly increase its own renewable energy production by installing
photovoltaic equipment on the rooftops of the STOP SHOP retail parks and
equipping all new locations with photovoltaic systems. The myhive office
buildings and VIVO! shopping centers will be outfitted with photovoltaic
equipment where possible and depending on the location. External
electricity supplies will be converted to 100% renewable energy sources
and the purchase of fossil fuels will be terminated. Energy-saving
lighting systems will be installed throughout the entire portfolio in the
future, and refrigerants with a high greenhouse gas potential will be
replaced. The use of smart technologies for all properties will be
massively expanded, including the digitalisation of consumption in all
areas. IMMOFINANZ is in close contact with its tenants and will support
them in converting to sustainable utilization.

Transition to a circular economy
The transformation to a circular economy is a further key element of the
Net Zero Emission Strategy. In the future, recycled materials that can be
purchased locally will be used in our renovation, refurbishment and new
construction projects. A broad-based waste management system will be
introduced to precisely review existing disposal contracts and develop new
guidelines. IMMOFINANZ is also preparing emission-free application
standards that will drastically reduce the amount of released carbon and
so-called „grey emissions“ during project development and extensive
renovations.

Biodiversity and careful resource management
IMMOFINANZ has set a goal to significantly reduce water consumption.
Water-saving fittings will be installed throughout the entire portfolio
and rainwater utilisation systems will be integrated in all new projects.
The biodiversity programme includes the design of green areas at the
IMMOFINANZ properties to support the local ecosystem. These plans will be
part of new property development in the future, whereby no pesticides will
be used to maintain the green areas.

Innovative real estate solutions for more sustainability
IMMOFINANZ expects to implement its sustainability activities through
specific real estate projects in the office, retail and residential
businesses. Initial projects include the myhive Urban Garden in Vienna and
the first TOP on STOP apartments in Austria, Slovakia and Serbia.

myhive Urban Garden: The successful myhive office brand will be expanded
to include an „urban garden“ concept. It is characterised by numerous
green areas, state-of-the-art economical technologies and the highest
possible sustainability certification (BREEAM). Green facades, terraced
landscapes, gardens and green oases in the offices will create a feel-well
atmosphere and an attractive microclimate for tenants, who will also be
asked to commit to careful energy consumption and the minimisation of
waste. The myhive Urban Garden will offer tenants a perfect work & life
balance and, at the same time, support IMMOFINANZ’s efforts in the
interest of the Net Zero Emission Strategy.

TOP on STOP: IMMOFINANZ is creating affordable, sustainable living space
with its TOP on STOP concept. On the single-storey STOP SHOP retail parks,
up to 12,000 apartments will built in modular wood construction according
to the highest sustainability and energy saving standards and with
affordable rents for many residents. This resource-conserving approach
will make an important contribution to the fight against climate change,
ground sealing and the explosion in housing costs.

International Science Based Target Initiative as a guideline to reduce
emissions
As part of its Net Zero Emission Strategy and a commitment to the
internationally recognised Science Based Target Initiative (SBTi),
IMMOFINANZ has agreed to set scientifically based emission reduction goals
for the entire value chain which will limit global warming to 1.5 C over
the pre-industrial level. The scientific approach applied by SBTi includes
a validation programme. In agreement with the requirements defined by
SBTi, IMMOFINANZ has focused its Net Zero Emission Strategy on the latest
scientific findings. „We are convinced that we are on a very ambitious –
but also a very right course with our net zero emission strategy. However,
we realise that we can only meet these targets together with all our
stakeholders. A focus on sustainability will strengthen our portfolio
performance, protect our competitive advantages on the market, and
generate long-term value for our shareholders. We are aware of our
responsibility and well prepared to consistently implement this strategy“,
added Dietmar Reindl in conclusion.

On IMMOFINANZ
IMMOFINANZ is a commercial real estate group whose activities are focused
on the office and retail segments of eight core markets in Europe:
Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and
the Adriatic region. The core business covers the management and
development of properties, whereby the STOP SHOP (retail), VIVO! (retail)
and myhive (office) brands represent strong focal points that stand for
quality and service. The real estate portfolio has a value of approx. EUR
5.0 billion and covers roughly 210 properties. IMMOFINANZ is listed on the
stock exchanges in Vienna (leading ATX index) and Warsaw. Further
information under: [1]https://immofinanz.com

For additional information contact:
Bettina Schragl
Head of Corporate Communications and Investor Relations
IMMOFINANZ 
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
[2]communications@immofinanz.com
investor@immofinanz.com

1100 Vienna, Wienerbergstraße 9, Austria
www.immofinanz.com

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17.12.2021 This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 9
1100 Vienna
Austria
Phone: +43 (0) 1 88090 – 2290
Fax: +43 (0) 1 88090 – 8290
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000A21KS2
WKN: A2JN9W
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Munich,
Stuttgart; Warschau, Vienna Stock Exchange (Official Market)
EQS News ID: 1259185

 
End of News EQS News Service

1259185  17.12.2021 

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2. communications@immofinanz.com

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