Climate Change Data

Eastnine AB (publ)

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:78%
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:21 kg CO2e/sq.m.

ESG Focus Areas

  • Future-proof properties
  • Future-proof organisation

Environmental Achievements

  • 94% of the property portfolio is sustainability-certified.
  • Emissions intensity amounted to 21 kg CO2e/sq.m. in Scope 1 and 2.
  • 78% of total energy use comes from renewable sources.
  • Average normalised energy intensity (excl. tenant electricity use) decreased by 14% to 109 kWh/sq.m. in 2023 compared to 2022.

Social Achievements

  • Eastnine ranked first in the Allbright Foundation’s annual comparison of gender equality.
  • 50/50 women and men in Board and management team.
  • Organized charity events in Riga and Poznan.
  • Employee Trust Index of 94%.

Governance Achievements

  • Established anti-corruption training for all employees.
  • No incidents or suspected transgressions reported in 2023.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • 100% renewable energy by 2030.
  • Climate-neutral property operations by 2030.
Short-term Goals:
  • Reduce energy consumption by 25% from 2019 to 2025.

Environmental Challenges

  • Rising interest rates affecting profitability.
  • Record low levels of transaction activity in the real estate market.
  • Increased vacancy rates in Riga and Poznan.
  • Uncertainty in new construction costs.
Mitigation Strategies
  • Sale of MFG holding provided EUR 144m in cash, used for bond redemption and improved liquidity.
  • Refinanced bank loans.
  • Focus on profitability and quality over quantity in new business plan.
  • Development projects on hold due to cost uncertainty.

Supply Chain Management

Supplier Audits: All qualified strategic suppliers have undergone a sustainability evaluation.

Responsible Procurement
  • Code of Conduct for suppliers
  • Sustainability evaluation of new suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • High costs for property operation during higher temperatures
  • Extreme weather conditions
Transition Risks
  • High energy prices
  • Regulation of property development and operation
  • Costs of carbon-dioxide emissions
  • Customer preferences for sustainable buildings
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards 2021, TCFD, EU Taxonomy

Certifications: LEED Platinum, LEED Gold, BREEAM Outstanding, WELL Gold, Fitwel

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed