ESG as part of
our firm’s DNA
‘’Addressing climate change in our sector is critical given that up to 40% of the annual greenhouse gas emissions across the globe come from the real estate industry. It is time for every major player in real estate to take leadership on the issue and Revetas Capital has taken a very serious commitment to EGS policies, with carbon neutrality as the core of our investment strategy for the future. Real estate is no longer about brick and mortar, but about the impact in our society and giving back to our communities.’’
Revetas Capital is committed to achieving net carbon neutrality across the portfolio by 2040. This initiative starts with an ESG mindset which is embedded in our firm’s investment process and across our businesses, followed by the implementation of the “Net Zero” roadmap in collaboration with a global sustainability leader.
ESG Committee
The Revetas Group has selected an ESG Committee that will supervise the implementation of ESG goals throughout the Group and is a signatory to the UN PRI, the world’s largest voluntary corporate sustainability initiative. Revetas recognizes the importance of ESG becoming an integral part of the firm’s DNA and is pleased to see that this is already happening through the continued implementation of various innovative ESG solutions across the Group.
Revetas ESG Committee kicked off their first meeting on June 30th 2022. The purpose of this committee is to regularly monitor, supervise and manage the implementation of the ESG targets and goals across the Group as well as to improve communication on ESG issues and raise awareness.
Revetas ESG Committee kicked off their first meeting on June 30th 2022. The purpose of this committee is to regularly monitor, supervise and manage the implementation of the ESG targets and goals across the Group as well as to improve communication on ESG issues and raise awareness.
What Does ESG Mean
for us at Revetas?
OUR VISION FOR BETTER FUTURE
Revetas strives to be the preferred real estate partner that provides positive long-term sustainable value to the communities in which we invest through our unique position as an investor.
Our mission is to deliver long-term economic value to our stakeholders by creating positive social impact in the markets where we invest. At Revetas, we believe that investing in real estate in areas and locations that have not yet reached their full potential is both key to long-term strategic growth as well as the very foundation for building strong and thriving communities.
Our contributions
to our Planet
Implementing meaningful ESG projects across our portfolio and within our business:
#5 Implementation of our decarbonization roadmap
#6 Minimizing emissions in our workplaces, real estate, business travel & supply chains
#7 Reducing embodied carbon in our developments
#8 Creating transparency by reporting on progress
#1 Our Assets Going Green
SOME EXAMPLES OF OUR ENVIRONMENTALLY FRIENDLY PROJECTS:
-
Millennium Gardens, a showcase of exemplary ESG practices
Millennium Gardens is one of the most significant office projects on the Hungarian market and an exemplary showcase of ESG development practices.The first phase of Millennium Gardens “A+ category” office building has received its occupancy permit, with over 90% occupancy, which proves the outstanding quality of the building, as well as the interest of tenants for premises compliant with the latest ESG standards. The North Tower office building, which offers a unique panorama of the Danube and was designed by FINTA Studio using state-of-the-art architecture and sustainable solutions, is the final element of the Millennium City Center project in Budapest, developed by TriGranit and twice awarded the FIABCI prize. The total leasable area of the North Tower is 21,600 sqm, including 18,210 sqm of net office space, 450 sqm of retail space and landscaped, open common areas on the ground floor. The building was designed with sustainability in mind, using modern architectural solutions, in line with BREEAM “Excellent”, Access4You “Gold” certifications and outstanding ESG compliance. During the construction, innovative solutions were used, such as technical measures to reduce emissions and energy consumption during operation, as well as environmentally friendly materials. Contractors working for Millennium Gardens were also selected based on compliance with HSE requirements, and all activities on site were closely monitored and reported on CO2 emissions.
-
B4B Oasis
- Revetas Capital, together with TriGranit launched a new amenity for employees of the B4B business park in Q2 2022.
- The B4B Oasis has been designed as an innovative place for work and relaxation and an exciting new venue for outdoor events. It features wi-fi connectivity, electricity sources, and seating areas, complimented by luxurious greenery and beautiful views.
-
SAC goes green
- With the implementation of the Re:Share concept, the park has been upgraded with an outdoor gym and two hi-tech gazeboes, located in front of Building A2. These are state-of-the-art structures with a unique and stylish appearance that combines an innovative spirit, with a close-to-nature experience. Both facilities offer free Wi-Fi service. Moreover, they are fully soundproof and protected from all external impacts which makes them an ideal place for work. The glazed buildings guarantee optimal sunlight and offer an impressive view of the central lake.
- 5,000 sqm of lake and recreational area created in the heart of the complex
- Charging stations for electric cars installed in the A2 building
- Bicycle stands installed in front of the A2 building and in the underground parking garage
- Supporting the biodiversity in the complex – a floating nest with 2 pairs of ducks in the heart of the SAC lake, koi fish, partridge, hare, weasel, and bees
-
B4B goes green
- Green lease contracts as standard in new leases going forward.
- Bi-annual meetings held with tenant representatives, Ceres, and ESG consultant
- Electric car charging stations installed, improvements to green spaces (based on a biodiversity audit) underway
- Further initiatives under consideration or planned for near future: waterless urinals, LED lighting, rainwater usage, photovoltaic installation, and many more
- Total of EUR 200k budgeted in 2022 for ESG projects at B4B
- Reintroduction of the peregrine falcon living atop the chimney at B4B – support for local biodiversity
-
The Landmark goes green
- As of 2021, The Landmark uses green energy from wind, hydroelectric and solar power plants
- All light fixtures in the parking garage and lift lobbies have been replaced with LED lights to achieve lower electricity consumption
- Recycled battery/light bulb are collected in all three buildings
- There are separate collection and recycling bins for plastic, glass and cardboard
- All recyclable plastic caps are collected with proceeds donated to charity.
- 5 electrical car charging stations have been installed in the UG parking garage
- Bicycle racks have been installed on all three levels of the UG parking garage.
- There are showers and changing rooms for bicycle users on level -1.
- Solar panel laptop and phone charges have been installed in the inner courtyard
-
Nemo goes green
- 100% Renewable Sources electrical supply contracted with Engie SA in Q4 2021
- Total Free Cooling Chillers with low GWP-type refrigerant installed at Radisson Blu Hotel and in function as of April 2021
- Retrofit of refrigerant agent of chillers and cold rooms to reduced GWP type R-513a and R-449a implemented in stages in 2021 and 2022
- Centralized High-Efficiency Cooling Plant with VFD Pumps in Park Inn Hotel scheduled for May 2022
- Replacement of diesel tanks with a low-capacity single tank planned for Q3 2022
- Feasibility evaluation of installation of Solar Electrical and Hot Water production plants on 1246m2 of terrace underway in Q2-Q3 2022
-
Millennium Gardens, a showcase of exemplary ESG practices
Millennium Gardens is one of the most significant office projects on the Hungarian market and an exemplary showcase of ESG development practices.The first phase of Millennium Gardens “A+ category” office building has received its occupancy permit, with over 90% occupancy, which proves the outstanding quality of the building, as well as the interest of tenants for premises compliant with the latest ESG standards. The North Tower office building, which offers a unique panorama of the Danube and was designed by FINTA Studio using state-of-the-art architecture and sustainable solutions, is the final element of the Millennium City Center project in Budapest, developed by TriGranit and twice awarded the FIABCI prize. The total leasable area of the North Tower is 21,600 sqm, including 18,210 sqm of net office space, 450 sqm of retail space and landscaped, open common areas on the ground floor. The building was designed with sustainability in mind, using modern architectural solutions, in line with BREEAM “Excellent”, Access4You “Gold” certifications and outstanding ESG compliance. During the construction, innovative solutions were used, such as technical measures to reduce emissions and energy consumption during operation, as well as environmentally friendly materials. Contractors working for Millennium Gardens were also selected based on compliance with HSE requirements, and all activities on site were closely monitored and reported on CO2 emissions.
-
B4B Oasis
- Revetas Capital, together with TriGranit launched a new amenity for employees of the B4B business park in Q2 2022.
- The B4B Oasis has been designed as an innovative place for work and relaxation and an exciting new venue for outdoor events. It features wi-fi connectivity, electricity sources, and seating areas, complimented by luxurious greenery and beautiful views.
-
SAC goes green
- With the implementation of the Re:Share concept, the park has been upgraded with an outdoor gym and two hi-tech gazeboes, located in front of Building A2. These are state-of-the-art structures with a unique and stylish appearance that combines an innovative spirit, with a close-to-nature experience. Both facilities offer free Wi-Fi service. Moreover, they are fully soundproof and protected from all external impacts which makes them an ideal place for work. The glazed buildings guarantee optimal sunlight and offer an impressive view of the central lake.
- 5,000 sqm of lake and recreational area created in the heart of the complex
- Charging stations for electric cars installed in the A2 building
- Bicycle stands installed in front of the A2 building and in the underground parking garage
- Supporting the biodiversity in the complex – a floating nest with 2 pairs of ducks in the heart of the SAC lake, koi fish, partridge, hare, weasel, and bees
-
B4B goes green
- Green lease contracts as standard in new leases going forward.
- Bi-annual meetings held with tenant representatives, Ceres, and ESG consultant
- Electric car charging stations installed, improvements to green spaces (based on a biodiversity audit) underway
- Further initiatives under consideration or planned for near future: waterless urinals, LED lighting, rainwater usage, photovoltaic installation, and many more
- Total of EUR 200k budgeted in 2022 for ESG projects at B4B
- Reintroduction of the peregrine falcon living atop the chimney at B4B – support for local biodiversity
-
The Landmark goes green
- As of 2021, The Landmark uses green energy from wind, hydroelectric and solar power plants
- All light fixtures in the parking garage and lift lobbies have been replaced with LED lights to achieve lower electricity consumption
- Recycled battery/light bulb are collected in all three buildings
- There are separate collection and recycling bins for plastic, glass and cardboard
- All recyclable plastic caps are collected with proceeds donated to charity.
- 5 electrical car charging stations have been installed in the UG parking garage
- Bicycle racks have been installed on all three levels of the UG parking garage.
- There are showers and changing rooms for bicycle users on level -1.
- Solar panel laptop and phone charges have been installed in the inner courtyard
-
Nemo goes green
- 100% Renewable Sources electrical supply contracted with Engie SA in Q4 2021
- Total Free Cooling Chillers with low GWP-type refrigerant installed at Radisson Blu Hotel and in function as of April 2021
- Retrofit of refrigerant agent of chillers and cold rooms to reduced GWP type R-513a and R-449a implemented in stages in 2021 and 2022
- Centralized High-Efficiency Cooling Plant with VFD Pumps in Park Inn Hotel scheduled for May 2022
- Replacement of diesel tanks with a low-capacity single tank planned for Q3 2022
- Feasibility evaluation of installation of Solar Electrical and Hot Water production plants on 1246m2 of terrace underway in Q2-Q3 2022
#2 Giving back to communities
LEARN MORE ABOUT SOME OF OUR INITIATIVES:
-
Fellowship Day at Revetas
- In 2021, the Pro Bono Initiative was introduced. The idea is that we dedicate one day every year to our communities and donate our time for a worthy cause.
- At Revetas, we call it the ’Fellowship Day’ and aim to provide all volunteers one day of paid leave to help.
- To name just a few of the projects our staff have been involved with in the past: Sponsoring an animal shelter and garden associations, cleaning up the forests and surroundings of our buildings, building birdhouses, caring for animals, planting herbs and plants, supporting an initiative to stop cosmetics testing on animals and much more.
- We look forward to the future and will keep you posted about our teams’ initiatives in the future.
-
Park Center Sofia UNICEF campaigns
The Park Center Sofia team has partnered with UNICEF and other organizations to raise awareness on mental health issues and children at risk.
-
Sofia Airport Center and Park Center Sofia support SOS Kinderdorf Bulgaria
SOS Kinderdorf Bulgaria has organized a campaign in SAC and in PCS. The goal of this partnership is to raise awareness of SOS Kinderdorf causes: Giving children a loving home, promoting children’s rights, protecting children in need and strengthening families. SOS Children’s Villages International comprises 118 national SOS Children’s Villages associations.
-
Park Center Sofia organized 3 special events
In May, Park Center Sofia organized a free event for visitors called “Empathy as a Superpower”. Popular Bulgarian actress Gergana Stoyanova spoke about the importance of empathy, compassion and kindness.
To promote children’s sport activities and rhythmic gymnastics, one of Bulgaria’s national sports, the PCS team organized two events in June together with the National Federation of Rhytmic Gymmastic and world and European gold medalist Elizabeth Koleva. More than 100 children took part in the events, which took place on the occasion of International Children’s Day.
-
Fellowship Day at Revetas
- In 2021, the Pro Bono Initiative was introduced. The idea is that we dedicate one day every year to our communities and donate our time for a worthy cause.
- At Revetas, we call it the ’Fellowship Day’ and aim to provide all volunteers one day of paid leave to help.
- To name just a few of the projects our staff have been involved with in the past: Sponsoring an animal shelter and garden associations, cleaning up the forests and surroundings of our buildings, building birdhouses, caring for animals, planting herbs and plants, supporting an initiative to stop cosmetics testing on animals and much more.
- We look forward to the future and will keep you posted about our teams’ initiatives in the future.
-
Park Center Sofia UNICEF campaigns
The Park Center Sofia team has partnered with UNICEF and other organizations to raise awareness on mental health issues and children at risk.
-
Sofia Airport Center and Park Center Sofia support SOS Kinderdorf Bulgaria
SOS Kinderdorf Bulgaria has organized a campaign in SAC and in PCS. The goal of this partnership is to raise awareness of SOS Kinderdorf causes: Giving children a loving home, promoting children’s rights, protecting children in need and strengthening families. SOS Children’s Villages International comprises 118 national SOS Children’s Villages associations.
-
Park Center Sofia organized 3 special events
In May, Park Center Sofia organized a free event for visitors called “Empathy as a Superpower”. Popular Bulgarian actress Gergana Stoyanova spoke about the importance of empathy, compassion and kindness.
To promote children’s sport activities and rhythmic gymnastics, one of Bulgaria’s national sports, the PCS team organized two events in June together with the National Federation of Rhytmic Gymmastic and world and European gold medalist Elizabeth Koleva. More than 100 children took part in the events, which took place on the occasion of International Children’s Day.
#3 Group Development
-
Women’s Forum
Women’s Forum
To make our organization a more diverse and inclusive place, the Women’s Forum was launched in 2021 to serve as an open forum for all women within the company and to ensure that no woman is left behind or denied equal opportunities within the organization.
We continue to open forums where we can raise awareness, support each other, hear each other out, share advice and suggestions and actively seek opinions on issues and situations affecting women.
-
Women’s Journey to Leadership
Revetas is excited to launch a series called ‘Women’s Journey to Leadership,’ in which we celebrate the women of the Revetas Group and their professional journeys that have led to leadership positions.
Having and seeing female leaders in senior and influential positions is vital for women who aspire to such roles in the future.
It is also a tribute to the progress towards gender equality and women’s empowerment, especially in our industry which is still dominated by men.
We support the development of women in their career paths and ensure that Revetas provides and supports opportunities for advancement within the company.
-
Internal Newsletters
Revetas Group has launched two channels of internal communication to highlight our achievements, celebrate our team members and spread positivity: Good News of the Week and Monthly Newsletter.
-
Women’s Forum
Women’s Forum
To make our organization a more diverse and inclusive place, the Women’s Forum was launched in 2021 to serve as an open forum for all women within the company and to ensure that no woman is left behind or denied equal opportunities within the organization.
We continue to open forums where we can raise awareness, support each other, hear each other out, share advice and suggestions and actively seek opinions on issues and situations affecting women.
-
Women’s Journey to Leadership
Revetas is excited to launch a series called ‘Women’s Journey to Leadership,’ in which we celebrate the women of the Revetas Group and their professional journeys that have led to leadership positions.
Having and seeing female leaders in senior and influential positions is vital for women who aspire to such roles in the future.
It is also a tribute to the progress towards gender equality and women’s empowerment, especially in our industry which is still dominated by men.
We support the development of women in their career paths and ensure that Revetas provides and supports opportunities for advancement within the company.
-
Internal Newsletters
Revetas Group has launched two channels of internal communication to highlight our achievements, celebrate our team members and spread positivity: Good News of the Week and Monthly Newsletter.
#4 The Crisis in Ukraine and Revetas Group Initiatives
-
Supporting our Sisters, Brothers, Neighbors Across Borders
We applaud the courage of the Ukrainian people, our sisters, brothers and neighbors, who are fighting for their freedom. The Revetas Group, as an organization and as a community of responsible professionals, is deeply concerned about the war in Ukraine and the safety of communities. We want to support the Ukrainian people in the most effective way.
-
Financial aid
Revetas Group (Revetas & associated entities) donated €63.000 to the Klitschko Foundation, a trusted charity providing direct support to Ukraine.
-
Material aid
Donation of warm clothes, blankets, food, personal hygiene items, medical supplies and other miscellaneous goods.
-
Safe shelter
Accommodating families, women and children who are transiting in need of relief and protection, in our office buildings, storages, retail centres and hotels in Krakow, Warsaw, Bucharest and Sofia.
-
Employment support
Collaboration with our partners and the tenant base across our portfolio in sourcing job opportunities, translations, offering advice and assistance to refugees, volunteering, providing time, equipment, supplies, logistics, and transport etc.
We will remain fully committed to supporting the people of Ukraine in every way possible and believe that together we will prevail in the face of adversity. Together we will prevail in the face of adversity.
-
Supporting our Sisters, Brothers, Neighbors Across Borders
We applaud the courage of the Ukrainian people, our sisters, brothers and neighbors, who are fighting for their freedom. The Revetas Group, as an organization and as a community of responsible professionals, is deeply concerned about the war in Ukraine and the safety of communities. We want to support the Ukrainian people in the most effective way.
-
Financial aid
Revetas Group (Revetas & associated entities) donated €63.000 to the Klitschko Foundation, a trusted charity providing direct support to Ukraine.
-
Material aid
Donation of warm clothes, blankets, food, personal hygiene items, medical supplies and other miscellaneous goods.
-
Safe shelter
Accommodating families, women and children who are transiting in need of relief and protection, in our office buildings, storages, retail centres and hotels in Krakow, Warsaw, Bucharest and Sofia.
-
Employment support
Collaboration with our partners and the tenant base across our portfolio in sourcing job opportunities, translations, offering advice and assistance to refugees, volunteering, providing time, equipment, supplies, logistics, and transport etc.
We will remain fully committed to supporting the people of Ukraine in every way possible and believe that together we will prevail in the face of adversity. Together we will prevail in the face of adversity.
Revetas’ activities during the ukrainian crisis
We will continue to be fully committed in supporting the people of Ukraine in every way possible and believe that together we will prevail in the face of adversity. Together we will prevail in the face of adversity.
-
325+
-
10+
-
17,000 sqm
-
15,700+ sqm
-
€3,000
-
€63,000
SEE MORE EXAMPLES OF OUR COMMITMENT WITH UKRAINE:
-
B4B Refugee Center
- 240 sqm – building B – underground conference area for accommodation
- The 240 sqm space was set up as Refugee Shelter for short stays and includes a sleeping area (for up to 40 people) with bunk beds, an indoor play space for children, a kitchen and bathrooms with showers.
- Tenants involved in the preparation and volunteering: GlobalLogic, Pegasystems, Herbalife, Euroclear, Grupa Aterima, AMS
- The chimney in B4B was lit in solidarity with Ukraine
-
Radisson Blu Hotel Bucharest
- Rooms offered for accommodation
- Social media campaigns
- Donations from staff
- Indoor Campaigns
-
Donations & Volunteering
In the early days of the Ukrainian refugees crisis, our employees got mobilized and tried to support Ukrainians in any way they could, whether by volunteering at the border, gathering supplies, donating goods or money, organizing deliveries or providing transport. Some of our team members have even welcomed Ukrainian families into their homes.
-
B4B Refugee Center
- 240 sqm – building B – underground conference area for accommodation
- The 240 sqm space was set up as Refugee Shelter for short stays and includes a sleeping area (for up to 40 people) with bunk beds, an indoor play space for children, a kitchen and bathrooms with showers.
- Tenants involved in the preparation and volunteering: GlobalLogic, Pegasystems, Herbalife, Euroclear, Grupa Aterima, AMS
- The chimney in B4B was lit in solidarity with Ukraine
-
Radisson Blu Hotel Bucharest
- Rooms offered for accommodation
- Social media campaigns
- Donations from staff
- Indoor Campaigns
-
Donations & Volunteering
In the early days of the Ukrainian refugees crisis, our employees got mobilized and tried to support Ukrainians in any way they could, whether by volunteering at the border, gathering supplies, donating goods or money, organizing deliveries or providing transport. Some of our team members have even welcomed Ukrainian families into their homes.
#5 Implementation of our decarbonization roadmap
-
STAGE 1
-
STAGE 2
-
STAGE 3
-
STAGE 4