Climate Change Data

Montea NV

Climate Impact & Sustainability Data (2020, 2021, 2023)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:175 tCO2e (Montea operations in 2020)
Renewable Energy Share:63% (Montea offices in 2020)
Total Energy Consumption:112 MWh (Montea offices in 2020)
Water Consumption:289.9 m³ (Montea offices in 2020)
Waste Generated:4.708 tons (Montea property portfolio in 2020)

ESG Focus Areas

  • Energy efficiency
  • Greenhouse gas emissions
  • Sustainable and versatile logistics real estate
  • Employees: well-being and personal development
  • Urban logistics and connected ecosystems
  • Climate adaptation

Environmental Achievements

  • Developed a sustainability vision 2030/2050 with baseline measurements for CO2 emissions.
  • Appointed a Group Energy & Sustainability Manager.
  • Published its first sustainability report.
  • Became a member of GRESB in 2020.
  • Set science-based targets for reducing CO2 footprint.
  • Added 7 MWp of solar panels to its portfolio in 2020, producing around 35,400 MWh per year and avoiding 8,818 tCO2e emissions.
  • Developed a Green Finance Framework and raised €235 million via green bonds.

Social Achievements

  • Launched employee well-being programs including online fitness training and team-building activities.
  • Supported various local community initiatives (e.g., De Kampenhoeve, Africa Tikkun, Belfius-Levensloop Aalst BAM).
  • Organized employee training programs totaling 622.7 hours in 2020 (average 23.1 hours per employee).

Governance Achievements

  • Formalized a Code of Conduct for all employees and directors.
  • Ensured diversity in the Board of Directors (3 out of 8 members are women).

Climate Goals & Targets

Long-term Goals:
  • Montea's portfolio is ‘Paris Proof’ by 2050.
Medium-term Goals:
  • Montea CO2 neutral in scope 1, 2 and 3 (mobility of employees and upstream emissions of scope 1 and 2) by the end of 2030 – without compensation.
  • Fully electric vehicle fleet by 2030.
Short-term Goals:
  • Montea CO2 neutral in scope 1, 2 and 3 (mobility of employees and upstream emissions of scope 1 and 2) by the end of 2021 – with compensation.
  • Energy consumption of Montea offices covered fully (100%) by green electricity by the end of 2021.
  • All warehouses fitted with an energy monitoring system by the end of 2021.
  • 90% of sites with PV installations where technically possible by the end of 2023.

Environmental Challenges

  • Reducing greenhouse gas emissions from operations, warehouses, and the value chain.
  • Increasing the coverage of energy monitoring systems in the portfolio.
  • Improving energy efficiency in existing buildings and reducing energy consumption.
Mitigation Strategies
  • Investing in PV installations (aiming for 90% coverage by 2023).
  • Implementing an energy monitoring system (aiming for 100% portfolio coverage by 2021).
  • Replacing existing gas heaters with heat pumps.
  • Developing a plan for a fully electric company vehicle fleet by 2030.
  • Implementing a tenant engagement program to help customers reduce emissions and energy costs.
  • Developing fossil-free buildings (e.g., Lumineus project).

Supply Chain Management

Responsible Procurement
  • Requesting suppliers to process all waste on site and transport construction material by water where possible.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: EPRA, GRESB, GRI

Third-party Assurance: Ernst & Young

UN Sustainable Development Goals

  • SDG 7 (Affordable and clean energy)
  • SDG 9 (Industry, innovation, and infrastructure)
  • SDG 12 (Responsible consumption and production)
  • SDG 13 (Climate action)

Montea's sustainability framework links these SDGs to its three main materialities (energy efficiency, greenhouse gas emissions, sustainable and versatile logistics real estate).

Sustainable Products & Innovation

  • Lumineus project: fossil-free logistics building.

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:21,727 tCO2e (2019); 17,411 tCO2e (2020); 15,127 tCO2e (2021)
Scope 1 Emissions:85 tCO2e (2021)
Scope 2 Emissions:4 tCO2e (2021)
Scope 3 Emissions:13,373 tCO2e (2021)
Renewable Energy Share:At least 35% of total energy consumed by the portfolio (2021)
Total Energy Consumption:221.82 MWh (2021)
Water Consumption:71,886 m³ (2021)
Waste Generated:6,371.5 tons (2021)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Energy efficiency
  • Greenhouse gas emissions
  • Sustainable and versatile logistics real estate
  • Employees: well-being and personal development
  • Urban logistics and connected ecosystems
  • Climate adaptation

Environmental Achievements

  • Montea operations are CO2 neutral (with offsetting) in scope 1, 2 and 3 (mobility employees and scope 1 and 2 upstream emissions) by the end of 2021.
  • Issued EUR 235 million in Green Bonds.
  • Completed a pilot project on life cycle analysis and circularity at the old Lipton site in Vorst.
  • Signed the Paris Proof Commitment and the Science Based Targets Initiative.
  • 95% of the portfolio equipped with an energy monitoring system by the end of 2021 (compared to 40% in 2020).

Social Achievements

  • Appointment of Steven Claes as Chief Human Resources Officer.
  • Increased the number of independent directors on the Board of Directors from three to four.
  • Supported local organizations such as Steunpunt Welzijn and De Kampenhoeve.
  • Organized various employee engagement activities (Wings for Life Worldrun, Kampenhoeve Trail Run Challenge).

Governance Achievements

  • Increased the number of independent directors on the Board of Directors from three to four.
  • Developed a Green Finance Framework.
  • Published its first Environmental Policy.

Climate Goals & Targets

Long-term Goals:
  • All new construction projects are CO2 net zero by 2050.
  • Entire Montea portfolio is Paris Proof (= CO2 net zero) by 2050.
Medium-term Goals:
  • 55% reduction in CO2 emissions (embodied carbon) from new developments compared to 2021 by 2030.
  • 55% reduction in CO2 emissions (operational carbon) of the portfolio by 2030.
  • 100% of Montea’s existing portfolio has energy-saving technologies and uses electricity from renewable sources by 2030.
  • 100% electric Montea car fleet by 2027.
Short-term Goals:
  • Montea operations CO2 neutral (without offsetting) by 2030.
  • 90% of Montea’s existing portfolio has renewable energy systems by 2023.
  • All new developments are in line with Montea’s Blue Label by 2022.
  • Maximum embodied carbon footprint of 216 kg CO2e/m² for all new developments as of 2025.

Environmental Challenges

  • Reducing the CO2 footprint of its existing portfolio (operational carbon) and that of its new developments (embodied carbon).
  • Achieving CO2 neutrality without offsetting by 2030.
  • Connecting all employees and stakeholders across different countries and departments.
Mitigation Strategies
  • Investing in strategic locations that permit multifunctional and multimodal solutions.
  • Developing a Blue Label sustainable construction guide for new building projects.
  • Implementing energy-saving measures in the existing portfolio (PV installations, heat pumps, LED lighting).
  • Developing an internal communication platform to connect employees across different countries/departments/functions.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Strategic partnerships with suppliers to achieve positive impact in the entire value chain; Suppliers asked to process all waste on site and transport construction material by water if possible.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products; Investing in renewable energy sources.

Reporting Standards

Frameworks Used: EPRA sBPR, GRESB, GRI, SASB, Science Based Targets initiative

Certifications: BREEAM, LEED, DGNB, HQE

Third-party Assurance: EY Bedrijfsrevisoren (limited review)

UN Sustainable Development Goals

  • 7 (Affordable and clean energy)
  • 13 (Climate action)

Montea's initiatives contribute to these goals through energy efficiency improvements, renewable energy use, and greenhouse gas emission reductions.

Sustainable Products & Innovation

  • Low-CO2 concrete; Sustainable heat pumps; High-yield solar panels; SMART LEDs with motion and daylight sensors; Super-insulated dock levellers; Electric charging points.

Awards & Recognition

  • GRESB score of 69 points (2021); EPRA sBPR Silver Award (2021)

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:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Green Building
  • Renewable Energy
  • Energy Efficiency

Environmental Achievements

  • Avoided 34,248 tCO2e/year of GHG emissions through green building and renewable energy initiatives.

Social Achievements

  • Not disclosed

Governance Achievements

  • Established a Green Finance Framework aligned with ICMA Green Bond Principles and LMA Green Loan Principles.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Mapping Scope 3 emissions remains challenging.
Mitigation Strategies
  • Continuous improvement of data quality through automation, use of multiple sources, and optimization of monitoring systems.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: GRESB, EPRA sBPR

Certifications: Null

Third-party Assurance: EY Bedrijfsrevisoren BV (limited assurance)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Gold Award (EPRA sBPR)