Environment
The climate crisis undoubtedly represents humanity's greatest challenge, and its implications for the real estate sector are significant.
The built environment is where we spend over 90% of our time, living, working, and enjoying leisure inside buildings.
At the same time, the real estate sector is a significant source of employment, with buildings accounting for a substantial share of a nation's wealth.
On the other hand, the building sector is also responsible for nearly 40% of global carbon emissions, over 30% of global energy consumption, and almost 50% of the world's natural resource consumption.
It is clear that we urgently need to reduce emissions from the built environment and change the way we design, construct, and operate buildings, not only to successfully meet the challenges of the climate crisis and the ongoing degradation of the environment, but also to contribute to creating a healthier planet with healthier people.
The strategic priority of Genesis Property is to reduce carbon emissions across its entire portfolio of buildings at a scientifically validated pace (by the SBTi), contributing to the achievement of the target set by the Paris Agreement—to limit global warming to 1.5 degrees Celsius above pre-industrial levels by 2050.
Our goal: We will become a company with net zero carbon emissions by 2040.
Genesis Property's ambition is to complete the decarbonization process 10 years earlier than the deadline adopted through the European Green Deal by the European Commission, namely by 2040.
Our path to NET ZERO
To achieve this goal:
We reduce operational carbon emissions by:
- Increasing energy efficiency
- Investments in own sources of renewable energy production
We promote the principles of the circular economy
We operate buildings sustainably by:
- Continuous improvement of the environmental, occupational health and safety management system
- Providing healthier spaces and a supportive working environment
We enhance the quality of the environment beyond buildings