Ambitious and specific goals

Allreal overhauled its sustainability strategy during the 2021 financial year and has shifted its focus onto areas where it can have a huge impact directly. Allreal has set itself ambitious and measurable goals, with four focus areas under each of the headings Environment, Social and Governance. The company will report on its progress towards achieving these goals every year.

Timeline

Environment
Social
Governance

Allreal wants to become completely carbon-neutral across its entire portfolio of yield-producing properties by 2050 at the latest and halve the share of fossil fuel in its energy consumption by 2030. This is the focus of four of the eight goals in this section.

Environment

Focus areas

Carbon neutrality by 2050 at the latest

Active management of user behaviour

Independent determination of the company’s energy supply

Systematic use of recyclable materials

30%

Assess the life cycle of materials for new own projects
from 2022

0%

Start offsetting some carbon emissions
from 2022

100%

Communicate progress on an annual basis
from 2022

10%

User awareness campaign, introduction of green leases and creation of financial incentives
from 2022

0%

Define energy procurement strategy
from 2023

2022
2023
2024
2025
2030
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25%

Complete a full consumption inventory and draw up property strategies
by the end of 2022

0%

Halve the use of fossil fuels
by 2030

10%

Install electric vehicle charging stations in at least 20% of garage parking spaces at yield-producing properties
by the end of the first half of 2024

5%

Install solar power systems at 40 yield-producing properties with an aggregate roof space of around 63,000 m2
by 2024

The four focus areas in the Social category are aimed at creating a pleasant and safe working environment for staff and working on processes to create high-quality living spaces.

Social

Focus areas

Workplace health and safety all round

Genuine equal opportunities

Creation of high-quality living spaces

Ensure data protection

50%

Create a staff strategy aimed at actively encouraging a healthy work-life balance
from 2022

25%

Use of an external advisory committee to assess completed projects in terms of urban development, architecture, sociology and open space
from 2023

0%

Roll out guidance on discrimination-free rental of properties
from 2023

2022
2023
2024
2025
2030
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100%

Compile and communicate on all areas covered by Allreal as it stands
achieved in 2021

100%

Create criteria for decisions on semi-retirement
achieved in 2021

0%

Introduce catalogue of data protection requirements
by the end of 2022

0%

Draw up process and instructions for processing data
by the end of 2022

Credible management is at the heart of the Governance section. This covers the appropriate composition of company bodies, the remuneration system and reporting.

Governance

Focus areas

Organisational integration at company management level

Recipient-friendly reporting

Simple remuneration system with long-term elements

Appropriate composition of Board of Directors/Group Management

33%

The sustainability management team will be operational. Swiftly putting together a team of specialists in each of the ESG areas is a priority
by the middle of 2022 at the latest

0%

The Sustainability Report will be audited by external auditors
from the 2023 financial year

2022
2023
2024
2025
2030
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100%

The achievement of ESG goals is part of targets agreed for individuals, making it relevant to function bonuses
achieved in 2021

100%

With a view to shifting emphasis onto long-term pay elements, share-based remuneration will be stretched over a longer period in future and shares will not be allocated until after at least a year
achieved in 2021

100%

At Group Management level, the company currently identifies female employees with the potential to join Group Management when vacancies arise
achieved in 2021

0%

Definitive reporting standards are to be defined (GRI to date) in relation to the way in which the industry continues to evolve
by 2023

50%

The proportion of women on the Board of Directors is to be increased
by some point during 2023

Overview of all goals

Environment

Carbon neutrality by 2050 at the latest

  • Complete a full consumption inventory and draw up property strategies by the end of 2022
  • Halve the use of fossil fuels by 2030
  • Start offsetting some carbon emissions from 2022
  • Communicate progress on an annual basis from 2022

Active management of user behaviour

  • Install electric vehicle charging stations in at least 20% of garage parking spaces at yield-producing properties by the end of the first half of 2024
  • User awareness campaign, introduction of green leases and creation of financial incentives from 2022

Independent determination of the company’s energy supply

  • Define energy procurement strategy from 2023
  • Install solar power systems at 40 yield-producing properties with an aggregate roof space of around 63,000 m2 by 2024

Systematic use of recyclable materials

  • Assess the life cycle of materials for new own projects from 2022
Social

Workplace health and safety all round

  • Compile and communicate on all areas covered by Allreal as it stands: achieved in 2021

Genuine equal opportunities

  • Create criteria for decisions on semi-retirement: achieved in 2021
  • Create a staff strategy aimed at actively encouraging a healthy work-life balance from 2022
  • Roll out guidance on discrimination-free rental of properties from 2023

Creation of high-quality living spaces

  • Use of an external advisory committee to assess completed projects in terms of urban development, architecture, sociology and open space from 2023

Ensure data protection

  • Introduce catalogue of data protection requirements by the end of 2022
  • Draw up process and instructions for processing data by the end of 2022
Governance

Organisational integration at company management level

  • The sustainability management team will be operational by the middle of 2022. Swiftly putting together a team of specialists in each of the ESG areas is a priority

Recipient-friendly reporting

  • Definitive reporting standards are to be defined (GRI to date) in relation to the way in which the industry continues to evolve by 2023
  • The Sustainability Report will be audited by external auditors from the 2023 financial year

Simple remuneration system with long-term elements

  • The proportion of women on the Board of Directors is to be increased by some point during 2023
  • At Group Management level, the company currently identifies female employees with the potential to join Group Management when vacancies arise: achieved in 2021

Appropriate composition of Board of Directors/Group Management

  • With a view to shifting emphasis onto long-term pay elements, share-based remuneration will be stretched over a longer period in future and shares will not be allocated until after at least a year: achieved in 2021
  • The achievement of ESG goals is part of targets agreed for individuals, making it relevant to function bonuses: achieved in 2021