Hamburg-based Alstria office REI, an internally managed Real Estate Investment Trust (REIT), has published its first sustainability report. The report compiles CSR (corporate social responsibility) data for 2007 to 2009 and testifies to Alstria´s holistic business approach in terms of economical, environmental and social aspects, the company said in a press release.

Hamburg-based Alstria office REI, an internally managed Real Estate Investment Trust (REIT), has published its first sustainability report. The report compiles CSR (corporate social responsibility) data for 2007 to 2009 and testifies to Alstria´s holistic business approach in terms of economical, environmental and social aspects, the company said in a press release.

´We are very proud to be the first German real estate company to publish a sustainability report in accordance with Global Reporting Initiative G3
guidelines,´ said Olivier Elamine, CEO of Alstria Office REIT. ´As real estate business has a long-term character by nature, sustainability has
always been an essential part of Alstria’s business model. We firmly believe that finding the right balance between economical, environmental
and social aspects is a key factor for the long-term success of a real estate company.´

Alstria is one of the founding members of the International Sustainability Alliance (ISA) set up earlier this year to create the world’s biggest environmental property database. Other members include Dutch pension fund administrator APG, Barclays Bank, Befimmo, energy group EDF, ING REIM, Redevco and Standard Chartered Bank.

Alstria´s first sustainability report has been drafted in accordance with the Global Reporting Initiative G3 guidelines and is self-declared C. Alstria claims it is the first German real estate company to publish such a report. The company plans to continue its reporting on the improvement and overall
performance related to CSR on an annual basis.