Genesis Property becomes the first real estate company in Romania to obtain the approval of its near-term CO2 emissions reduction target, until 2030, from the Science Based Targets initiative (SBTi).

Genesis Property has committed to reducing, in a first stage, its emissions in Scopes 1 and 2 by at least 46% by 2030 compared to the base year 2019.

In addition, our company has committed to measure and reduce emissions related to Scope 3 so that during 2024 it can also obtain from SBTi the validation of the Net-Zero long-term CO2 emission reduction target.

Genesis FM, part of the Genesis Property group, reaffirms its commitment to the environment and becomes the first company in the Romanian real estate sector to obtain the Certificate of Registration under the prestigious environmental management system EMAS, marking an important step in concrete environmental protection initiatives.

In addition, the company's environmental management system is already recognized by the ISO 14001 and ISO 45001 certifications.

Joining the EMAS environmental management system represents the active determination of Genesis FM to optimize work processes, reduce environmental impact and efficiently use resources.

The process of obtaining the Certificate of Registration under EMAS is a rigorous and meticulous one, consisting in initial environmental assessments, reporting on a set of basic indicators and the transparent publication of the Environmental Statement.

Since 2021, Genesis Property has been committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labor, the environment, and anti-corruption, joining the over 20,000 organizations in over 160 countries around the world in their contribute to create a sustainable future.

Dr. Liviu Tudor, Chairman, Genesis Property:

"Creating a sustainable future is an undisputed necessity to which each of us must contribute. At Genesis Property, we are undertaking a long-term commitment to sustainable development and as a leader in the Romanian commercial real estate sector, we have a new and bold vision around the future of office buildings and workspaces.”

Human Rights

Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and

Principle 2: make sure that they are not complicit in human rights abuses.

Labour

Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;

Principle 4: the elimination of all forms of forced and compulsory labour;

Principle 5: the effective abolition of child labour; and

Principle 6: the elimination of discrimination in respect of employment and occupation.

Environment

Principle 7: Businesses should support a precautionary approach to environmental challenges;

Principle 8: undertake initiatives to promote greater environmental responsibility; and

Principle 9: encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption

Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.