Climate Change Data

Catella Residential Investment Management GmbH

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Responsible corporate management
  • Responsible real estate investment solutions
  • Responsible HR management
  • Environment and resource management
  • Social commitment

Governance Achievements

  • Published an annual sustainability report
  • Produced an annual publication relating to sustainability
  • Implemented initiatives as part of active stakeholder management
  • Recognized external industry-specific standards or sets of rules

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN SDGs

UN Sustainable Development Goals

  • SDG 3
  • SDG 7
  • SDG 8
  • SDG 11
  • SDG 12
  • SDG 13

The report details how their sustainability goals align with these SDGs.

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:4,620
Scope 2 Emissions:12,332
Scope 3 Emissions:7,723
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Social Responsibility
  • Governance

Environmental Achievements

  • All funds with assets in operations are reported to the Global Real Estate Sustainability Benchmark (GRESB).
  • Developed a climate change inclusive investment strategy at fund level and an adaptation strategy at asset level.
  • 10 properties (1,450+ residential units) in Germany digitally upgraded in 2023, aiming to digitalize the entire German portfolio by mid-2025.
  • Catella Elithis Energy Positive Fund won the LuxReal Award as Best Fund in Luxembourg.

Social Achievements

  • Launched a rowing program for employees.
  • Hosted a “Count your Kilometres” challenge, raising €45,000 for Ukraine relief.
  • Supported charitable institutions with donations totaling €120,000.
  • Enabled refugee accommodation for Ukrainian women and children.
  • Conducted a tenant survey with approximately 25% response rate to gather insights for improvements.

Governance Achievements

  • Received the award for Best ESG Asset Manager Residential Real Estate at the Scope Awards.
  • Implemented Catella Alignment workshop to align CRIM employees with Catella’s new vision, purpose, and values.
  • Established one of the first impact funds in the European residential investment sector (CER III), classified as Article 9 under SFDR.

Climate Goals & Targets

Long-term Goals:
  • Significantly reduce Scope 1 and 2 emissions by 2050.
  • Develop a completely climate-neutral portfolio (CER III).
Medium-term Goals:
  • Digitalize the entire German portfolio by mid-2025.
  • Implement cost-efficient energy efficiency and on-site renewable energy production measures.
  • Expand tenant satisfaction surveys and introduce regular feedback loops.
Short-term Goals:
  • Continue improving ESG disclosures on the website.
  • Enhance ESG reporting with the integration of ESG platforms and leverage AI for analytics.
  • Expand the scope of the employee health and wellbeing program to include mental health.

Environmental Challenges

  • Increased fluctuation outside the company and a shortage of skilled workers.
  • Varying levels of digitalization across the different metering structures of individual assets.
  • Need to improve cross-departmental collaboration.
Mitigation Strategies
  • Employee retention measures, development programs and a performance-related remuneration system.
  • Replacing traditional meters with Sub/Smart Meters from BAS Cloud or capturing them digitally via app solutions.
  • Focusing on fostering stronger interdepartmental ties.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-positive buildings

Reporting Standards

Frameworks Used: GRESB

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Energy-positive buildings
  • Timber hybrid construction

Awards & Recognition

  • LuxReal Award (Best Fund)
  • Scope Award (Best ESG Asset Manager Residential Real Estate)