Sustainability at Swiss Prime Site
Sustainability is an integral element of Swiss Prime Site’s corporate strategy. As part of their business activities, the Company is committed to the transformation into an economy and society that builds on the partnerships between different stakeholders and in which commercial success, human well-being and a careful use of natural resources go hand in hand.
Swiss Prime Site's sustainability goals and measures are based on the ESG criteria - Environmental, Social and Governance - as well as the Sustainable Development Goals (SDGs) of the United Nations, the Paris Climate Agreement and the Swiss government's Energy Strategy 2050. They are based on how the company can create value for the stakeholders and which issues are particularly important for them and for the 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 forecasted 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. 2020, Swiss Prime Site’s Sustainability Board further tightened the reduction target for the property portfolio. The aim is now to achieve climate neutrality in the operation of the portfolio by 2040.