Atrium European Real Estate
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:97,370 tCO2e/year
Scope 1 Emissions:2,847 tCO2e/year
Scope 2 Emissions:47,383 tCO2e/year
Scope 3 Emissions:47,139 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:259,058 MWh/year
Water Consumption:569,072 m3/year
Waste Generated:6,319 tons/year
Carbon Intensity:Not disclosed
ESG Focus Areas
- Our Places
- Our Customers
- Our People
Environmental Achievements
- Reduced energy consumption by 11% (2019-2021)
- Reduced water consumption by 22% (2019-2021)
- Over 70% of total portfolio value is BREEAM certified ‘very good’ or higher
- Received a 5-star GRESB rating (87 points)
- Installed over 550 photovoltaic panels, producing 26 mWh of clean renewable energy
Social Achievements
- Organized more than 400 community events
- Invested over €38.6 million in the community by working with local suppliers
- Over 17,250 estimated local jobs provided by tenants and service providers
- Average NPS score of 6 from tenant engagement survey (55% response rate)
Governance Achievements
- Updated governance policies
- Implemented Green Lease clauses in tenant lease agreements
- No violations of the Code of Conduct reported in 2021
- 100% of employees completed mandatory compliance training
Climate Goals & Targets
Long-term Goals:
- Become a carbon neutral organization by 2050
- Increase energy efficiency by 50% by 2050 (from 2019)
- Reduce water consumption by 40% by 2050 (from 2019)
- Reach a waste recycling rate of at least 75% by 2050
Medium-term Goals:
- Reduce carbon emission by 40% by 2030 (from 2019)
- Achieve BREEAM Excellent certification for all retail assets by 2030
- Increase energy efficiency by 35% by 2030 (from 2019)
- Reduce water consumption by 20% by 2030 (from 2019)
- Reach a waste recycling rate of at least 50% by 2030
Short-term Goals:
- Reduce carbon emissions by 20% by 2025 (from 2019)
- Increase energy efficiency by 20% by 2025 (from 2019)
- Reduce water consumption by 10% by 2025 (from 2019)
- Reach a waste recycling rate of at least 25% by 2025
- Community engagement program in place in all assets by 2025
- Tenant engagement program in place in all assets by 2025
Environmental Challenges
- Extreme weather fluctuations in Central Europe (heat waves, droughts, cold winters)
- COVID-19 pandemic impacting operations and tenant activities
- Reducing Scope 3 emissions from tenant activities
Mitigation Strategies
- Developed carbon reduction pathways for each asset
- Investing in water management systems (rainwater tanks, water-efficient devices)
- Tenant Engagement Program (green leases, Eco-days, Tenant Academy)
- Implementing an Environmental Management System (EMS) aligned with ISO 14001
- Using Measurabl platform for ESG data management
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Sustainable Procurement Policy outlining expectations for suppliers regarding ethics, environmental impact, and human rights.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme temperatures
- Droughts
- Severe weather events
Transition Risks
- Regulatory changes
- Market shifts towards sustainability
Opportunities
- Development of energy-efficient products and services
- Investment in renewable energy sources
Reporting Standards
Frameworks Used: GRI Standards (Core option), EPRA Sustainability Best Practices
Certifications: BREEAM
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 8 (Decent work and economic growth)
- Goal 11 (Sustainable cities and communities)
- Goal 12 (Responsible consumption and production)
- Goal 13 (Climate action)
Atrium's initiatives contribute to these goals through energy efficiency, job creation, community engagement, waste reduction, and climate change mitigation.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Gold EPRA Sustainability award
- 5-star GRESB rating