In 2022, as part of its sustainable development strategy, the Group performed a detailed review of how it can improve its future carbon footprint.
Globalworth analyzed its performance over 3 years and set its environmental target of reducing its GHG emissions intensity by +40% by 2030 compared to its baseline 2019 levels (for Scope 1 and 2), and it committed to measuring and reducing Scope 3 too. These targets were approved and validated by the internationally recognized Science Based Target initiative (SBTi).
The SBTi is an international partnership between the CDP, the United Nations Global Compact, World Resources Institute and the Worldwide Fund for Nature, aiming at helping companies set science-based targets for reducing greenhouse gas emissions in line with the goals of the Paris Agreement to limit global warming to well below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C.
”At Globalworth, since the inception of the Group, we have been focusing on providing our business partners with high-quality spaces that are sustainable, technologically advanced, and custom fitted to their needs while at the same time ensuring that these spaces have a positive influence on the communities that we live and operate in. With 90% of our standing commercial properties environmentally certified and c.98% of the energy used in our portfolio from renewable sources at the end of 2022, we consider our 2030 and SBTi-validated GHC emissions reduction target as the next step in our sustainable development strategy”, stated Stamatis Sapkas, CFO of Globalworth Group.
In the last 2 years, Globalworth further developed its sustainability strategy in line with its commitment to promoting responsible and sustainable business practices.
- 45 of the properties in its portfolio are certified or recertified with BREEAM Very Good or higher certifications.
- securing 100% of the energy used in its Polish properties and in its Romanian office portfolio from renewable sources.
- WELL Health-Safety Rating in all the office buildings in Romania and Poland, to further demonstrate that the company’s assets provide safe and healthy places for corporates to operate and for people to visit and work in.
- European certification mark "access4you“ for 10 of the office buildings in Bucharest. These are the first buildings to obtain such a certification in Romania.
Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange.
It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Poland and Romania.
Globalworth acquires, develops and directly manages high-quality office and industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe. Managed by over 260 professionals across Cyprus, Guernsey, Poland and Romania, a combined value of its portfolio is €3.2 billion, as at 31 December 2022.