Climate Action

In March 2023, the Group committed to setting science-based targets, which will be verified according to the Science Based Targets initiative (SBTi) methodology. We chose this approach because we believe it represents best practice in setting climate change mitigation goals. By adhering to the SBTi guidelines, we aimed to ensure that our climate change mitigation targets are not only ambitious but also scientifically grounded and aligned with the goals of the Paris Agreement. We submitted these targets for validation in 2023. 

Official confirmation was issued at the end of 2023, and the SBTi classified our Scope 1 and 2 targets as aligned with a 1.5°C trajectory.

The figure below illustrates our GHG footprint reduction levers and key actions aimed at achieving science-based Scope 1 and 2 targets. Our plan includes a "Current Knowledge Wall," which divides our goal achievement plan into two parts: actions already planned and future actions that we have not yet clearly outlined due to insufficient current knowledge to anticipate future technological changes and market conditions. However, we anticipate that measures will focus on transitioning to renewable energy and further implementing energy efficiency solutions. Additionally, we expect that any increase in our greenhouse gas emissions due to organic growth of our companies will be offset by the decreasing GHG intensity of national electricity supply networks. This is based on CRREM models adapted for real estate.

Progress on Target Implementation: Compared to the baseline year, Scope 1 and 2 GHG emissions have decreased by 5.2%. Additionally, 11.6% of our suppliers, based on their GHG emissions from purchased goods and services (representing 10.3% of the total Scope 3 GHG emissions), have set science-based targets or committed to doing so.