Sustainability is an integral part of our corporate strategy and business activities. Our sustainability targets are based on the Federal Council's Energy Strategy 2050, the Paris Agreement on Climate Change and the Sustainable Development Goals (SDGs) of the United Nations.
Our sustainability strategy is 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. In addition, we evaluate financial and non-financial issues that have a significant impact on economic, social and environmental development using a materiality analysis. This approach 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:
As part of the 2019 materiality analysis, we have identified the relevant topics for our business areas Real Estate (Swiss Prime Site Immobilien, Wincasa, Swiss Prime Site Solutions), Retail (Jelmoli) and Assisted living (Tertianum Group, sold as of 28.2.2020). During this process it was necessary to assess how important the particular issues are to the different stakeholders on the one hand, and to the business success of Swiss Prime Site on the other, and also how important the issue is with regard to the Company’s impact on sustainable development.
This procedure is derived from the sustainability reporting guidelines of the Global Reporting Initiative (GRI), which describe how to evaluate stakeholder relevance and assess impact. Assessing business relevance as the third dimension ensures that the material issues are closely related to the core business and can be integrated into the strategic management. The process is therefore also compatible with the recommendations of the International Integrated Reporting Council (IIRC).