Austrian property group Immofinanz has announced plans to become carbon-neutral across its entire value chain by 2040.
A 60% reduction in all greenhouse gas emissions is also targeted by 2030, compared to 2019 levels.
‘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.
Immofinanz has identified 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. 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 has also 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.
