Arco Capital I Business Park Sofia
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Renewable Energy Share:100% of electricity consumption
Total Energy Consumption:11.088.361 kWh/year (2022)
Water Consumption:28.526 m3/year (2022)
ESG Focus Areas
- Climate Change
- Water and Marine Resources
- Air Quality
- Resource Use and Circular Economy
- Own Workforce
- Value Chain
- Affected Communities
- Consumers and End-Users
- Business Conduct
- Certifications
Environmental Achievements
- Reduced energy intensity by an unspecified amount towards a target of 20% reduction by 2026 to reach 110 kWh/m2/year
- Switched to 100% renewable energy sources
- Implemented a three-week e-waste campaign
- Designated spaces for construction waste containers for optimal sorting and recycling
- Installed air quality sensors in the business park
Social Achievements
- Organized yearly trainings/workshops for employees on ESG topics
- Organized team-building events
- Provided 100% of employees with premium health insurance
- Organized 4 ESG-related events (sports, art, charity)
- Donated 2% of EBIT to charity
Governance Achievements
- Completed a full set of ESG policies (including Code of Ethics and Business Conduct, whistleblower policy)
- Policies externally checked
- Achieved LEED Platinum certification for Building 15
- Achieved Sustainalytics ESG rating of 11.1 (Low Risk)
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions by 2050
Medium-term Goals:
- Certify 100% of buildings with at least LEED Gold by 2025
- Achieve Negligible Risk threshold (<10) in Sustainalytics ESG rating
Short-term Goals:
- Reduce energy intensity by 20% by 2026
- Achieve 20% renewable energy coverage through on-site production
- Install digital water meters in 100% of buildings
- Create a waste reduction plan
- Conduct yearly tenant satisfaction surveys
Environmental Challenges
- Reducing carbon footprint
- Reducing water consumption
- Reducing waste production
- Improving air quality
- Ensuring tenant satisfaction
- Maintaining compliance
Mitigation Strategies
- Created action plans for carbon footprint reduction, water consumption reduction, and waste reduction
- Installed digital meters to monitor energy and water consumption
- Implemented energy-efficient equipment
- Installed air monitoring stations
- Conducted tenant satisfaction surveys
- Implemented due diligence procedures for monitoring policies
Supply Chain Management
Responsible Procurement
- ESG policy for suppliers (to be implemented)
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: CSRD, ESRS, SDGs, LEED, BREEAM, WELL, DGNB, EU Taxonomy, UN Global Compact
Certifications: LEED Platinum (Building 15), LEED Gold (target for all buildings by 2025)