Redevco B.V.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
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:Not disclosed
ESG Focus Areas
- Climate change
- Renewable energy
- Climate resilience
- Responsible rent and lease management
- Inclusion, diversity and equality
- Employer of choice
- Responsible governance
- Responsible Resource use
- Innovation
Environmental Achievements
- Increased smart meter coverage to 88% of commercial rental spaces in AuM.
- Project Solar reached 11.5 MWp generation capacity.
- All development proposals demonstrated clear climate risk mitigation and adaptation measures.
- Significant redevelopments targeted BREEAM In-Use Excellent rating.
Social Achievements
- Organised a company-wide Vitality month.
- 83% of employees participated in training courses or development programmes.
- 100% of employees received regular performance feedback.
- Incorporated D&I-specific questions in onboarding and exit surveys.
Governance Achievements
- 100% of staff signed the Business Integrity Principles.
- Zero incidents, breaches, or sanctions due to non-compliance.
- Updated Whistleblowing Policy based on the EU Whistleblowing Directive 2021.
Climate Goals & Targets
Long-term Goals:
- Net Zero Carbon portfolio by 2040.
Medium-term Goals:
- 50% reduction in full scope 1, 2 and material scope 3 carbon emissions by 2030 vs. 2019 baseline.
- Project Solar total installed capacity >18.5 MWp.
Short-term Goals:
- Reduce (absolute) CO2 emissions of business operations to 2,000 kg CO2 per employee by 2025.
- Achieve 85% average engagement index score from Redevco Pulse.
- 80% of employees to participate in training courses or development programmes.
- 90% of employees to receive regular performance feedback.
Environmental Challenges
- Data collection for AuM emissions was incomplete and not robust enough for reliable reporting in 2022.
- Engaging tenants on energy efficiency and emissions reduction.
- Encouraging colleagues to work with new design partners to achieve step-change in sustainability ambition.
- Current market practices, risk perceptions, or planning regulations sometimes hinder innovative solutions or alternative materials use.
Mitigation Strategies
- Investing in smart meters to capture energy consumption data.
- Developing a Sustainable Design Guide for (re)development projects.
- Interviewing tenants on their sustainability strategies and offering collaboration on energy efficiency.
- Evaluating existing partners and identifying new value chain partners that share sustainability ambitions.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Sustainable Design Guide encourages deliberate choices around materials use, recyclability, and resource reduction.
Climate-Related Risks & Opportunities
Physical Risks
- Flooding
- Heat stress
- Drought
Transition Risks
- Energy transition uncertainties
- Government policies
- Technological developments
- Changing consumer behavior
Opportunities
- Energy efficiency improvements
- Renewable energy generation
Reporting Standards
Frameworks Used: GRI
Certifications: BREEAM
Third-party Assurance: Ernst & Young Accountants LLP
UN Sustainable Development Goals
- SDG 7: Affordable and Clean Energy
- SDG 11: Sustainable Cities and Communities
- SDG 13: Climate Action
- SDG 17: Partnerships for the goals
Redevco's Mission 2040, investments in renewable energy, mixed-use developments, and participation in industry initiatives contribute to these goals.
Sustainable Products & Innovation
- Mass timber construction
Awards & Recognition
- Not disclosed