Climate Change Data

UBM Development AG

Climate Impact & Sustainability Data (2018, 2023)

Reporting Period: 2018

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:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:25 kg/m²/a for property development projects (2018).

ESG Focus Areas

  • Environment
  • Employees
  • Social Issues and Compliance

Environmental Achievements

  • 79% of space completed in 2018 was certified (up from 72% in 2017).
  • Energy intensity at UBM’s corporate locations was significantly lower year-on-year at 92kWh/m² in 2018 (a 14.0% reduction compared with 2017).
  • Eleven brownfield developments were completed in 2018 on approximately 60,840m², compared to only one greenfield project on roughly 1,618m².

Social Achievements

  • Organized UBM Day in Vienna for employee interaction and idea exchange.
  • First cross-border UBM Hotel Day held in 2018.
  • Fitness room installed at UBM’s headquarters, offering various health-promoting activities.

Governance Achievements

  • Implemented an electronic tool in 2018 to support automated data management for anti-corruption.
  • Installed a whistleblowing system for anonymous reporting of irregularities.
  • Issued new guidelines in 2018 on money laundering, terrorist financing, anti-trust, conflicts of interest, and data protection.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Increase the scope of building certifications; Implement the UBM sustainability benchmarks; Improve the sustainability performance of buildings.
Short-term Goals:
  • Professionalise CSR management and strategy; Develop, optimise and expand the internal reporting and monitoring system.

Environmental Challenges

  • High volume of waste generation from hotel operations.
  • Potential risks to staff varying depending on the sector (construction vs. asset management).
  • Risk of corruption in awarding of contracts.
Mitigation Strategies
  • Selection of well-known international hotel brands to ensure implementation of appropriate standards.
  • Repeated occupational safety inspections transferred to an external health and safety coordinator.
  • Numerous measures implemented to prevent corruption, including employee training and an electronic tool for data management.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • All suppliers agree to provide information on social & employee issues, respect for human rights and the fight against corruption when contracts are awarded.

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: GRI

Certifications: DGNB, LEED, BREEAM

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Sustainable Building Materials (Timber)
  • Energy Efficiency
  • Green Building Certification
  • Circular Economy

Environmental Achievements

  • Focus on timber construction to reduce carbon footprint
  • Use of renewable energies (geothermal, photovoltaics) in projects
  • Achieved EcoVadis Platinum rating (top 1%) and ISS ESG Prime Status

Social Achievements

  • Named among Boston Consulting Group's “Diversity Champions 2023”
  • Named Austria’s most sustainable share by Börsianer magazine

Governance Achievements

  • Successful placement of first Green Bond (€50m)
  • Established UBM Green Finance Framework aligned with ICMA and LMA principles
  • Implemented UBM Green Lease Framework for sustainable tenancy agreements

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Become a leading developer of timber construction projects in Europe
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Fastest interest rate increase in a generation leading to project revaluations and write-downs (€70m)
  • High construction costs
  • Standstill in the transaction market due to investor uncertainty
  • Shortage of skilled labor on construction sites
Mitigation Strategies
  • Focus on cash management and maintaining high liquidity (€151.5m cash, 30% equity ratio)
  • Strategic focus on timber construction for cost efficiency and ESG compliance
  • Relocating construction work to factories for improved efficiency and quality
  • Early Contractor Involvement (ECI) approach for major projects

Supply Chain Management

Responsible Procurement
  • Use of prefabricated timber elements from reputable engineering companies

Climate-Related Risks & Opportunities

Physical Risks
  • Heatwaves
  • Storms
  • Flooding
Transition Risks
  • Increased regulations on CO2 emissions
  • Shift in investor preferences towards sustainable investments
Opportunities
  • Development of timber hybrid buildings
  • Use of renewable energy sources

Reporting Standards

Frameworks Used: EU Taxonomy, TCFD

Certifications: BREEAM, LEED

Third-party Assurance: ISS ESG

UN Sustainable Development Goals

  • Not disclosed

Sustainable Products & Innovation

  • Timber hybrid buildings

Awards & Recognition

  • Platow Immobilien Award (Sustainability)
  • Börsianer magazine's “Austria’s most sustainable share 2023” award
  • EcoVadis Platinum rating