Climate Change Data

White Star Real Estate LLC

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:196.02 tCO2e (Location-Based); 132.31 tCO2e (Market-Based)
Scope 1 Emissions:70.22 tCO2e
Scope 2 Emissions:125.81 tCO2e (Location-Based); 62.09 tCO2e (Market-Based)
Water Consumption:705.00 m3
Waste Generated:8510 tons (Poland); 23.07 tons (Czech Republic)

ESG Focus Areas

  • Climate Change
  • Environment
  • Social Responsibility
  • Governance
  • Human Rights

Environmental Achievements

  • Reduced GHG emissions (Scope 1+2) by 39.42% (Location-Based) and 55.88% (Market-Based) compared to 2022.
  • Over 85% of the building portfolio is BREEAM or LEED certified.
  • Implementation of various energy-efficient measures in buildings (LED lighting, rainwater harvesting, low-flow fixtures).

Social Achievements

  • Support for various social initiatives through the White Star Education Foundation (e.g., OpenStax Poland, Katalyst Education).
  • Development of properties that are accessible to the local community and promote community integration.
  • No work-related accidents in 2023.

Governance Achievements

  • Established an Environmental, Social, and Governance (ESG) Policy and Committee.
  • Implementation of a Compliance & Anti-Corruption Policy with mandatory training for all employees.
  • Adherence to anti-corruption laws and regulations, and industry best practices.

Climate Goals & Targets

Long-term Goals:
  • All future projects will seek internationally recognized environmental certifications.
Medium-term Goals:
  • Join and actively participate in ESG initiatives like the UN SDGs and UN Global Compact.
Short-term Goals:
  • Achieve compliance with ESG and Taxonomy standards.
  • Reduce energy consumption and establish KPIs to monitor progress.

Environmental Challenges

  • Intense competition in the CEE real estate market.
  • Need for further data collection to improve accuracy of ESG metrics.
  • Lack of comprehensive water resource management policy across all regions.
Mitigation Strategies
  • Continuous innovation to meet evolving client needs and industry trends.
  • Ongoing data collection and analysis to identify effective actions to reduce CO2 emissions.
  • Implementation of energy-efficient measures and green certifications to improve environmental performance.

Supply Chain Management

Responsible Procurement
  • Sustainable Procurement Plan included in all construction contracts.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Standards 2021

Certifications: ISO 26000 (Gold rating for social, health, and safety)

UN Sustainable Development Goals

  • Goal 3: Good Health and Well-being
  • Goal 4: Quality Education
  • Goal 8: Decent Work and Economic Growth

WSRE supports various initiatives contributing to these goals, including health-related projects, educational programs, and decent work practices.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • ESG Champion Building of the Year award at CEEQA Gala (Elektrownia Powiśle)