Sustainability is an integral part of our corporate strategy and business activities. Our sustainability goals are based on the ESG criteria – environmental, social and governance – as well as the Sustainable Development Goals (SDGs) of the United Nations, the Paris Agreement on Climate Change and the Swiss government’s Energy Strategy 2050.
Our sustainability goals and measures are based on the question of how we can create value for our stakeholders and which issues are particularly important for them and for our short, medium and long-term business success. Using materiality analysis, we evaluate and define the financial and non-financial topics that will have a significant impact on general economic, social and environmental developments. On this basis, we develop the goals that we include in our sustainability roadmap for implementation. These are based on the six capitals «stakeholders, finance, infrastructure, innovation, ecology and employees» of the «integrated reporting» approach. This procedure reflects our understanding of sustainable business management and provides the basis for our sustainability reporting (GRI 102-49).
The United Nations’ Sustainable Development Goals (SDGs) are part of the Agenda 2030 for sustainable development. To integrate our commitment and the corresponding Key Performance Indicators (KPIs) into this global level, we have defined which SDGs can be most significantly influenced by our business activities.
As the guiding principle for the corporate responsibility of the entire Swiss Prime Site Group, we are aligned with SDG 11 «Sustainable Cities and Communities». This goal includes several levels of our core real estate business. For example, the climate-adapted design of living spaces, urbanisation and intergenerationality as well as concepts relating to the «Smart City» theme. Our targets and contributions to the Sustainable Development Goals:
In 2019, we developed a detailed CO2 reduction pathway for our property portfolio. For our around 1.6 million square metres of floor space, our reduction pathway forecasts an influenceable 75% reduction in relative CO2 emissions (intensity) by the year 2050 – assuming a continued average increase in portfolio and floorspace of 20 000 m2 per year. Our CO2 reduction pathway comes in well under the 2-degree goal of the Paris Climate Agreement, and is closing in on the net zero goal.