(IN BRIEF) The CapMan Real Estate Hotels Fund has made significant strides in transforming its portfolio towards sustainability between 2021 and 2022. Despite a post-pandemic market resurgence, the fund achieved a 37% reduction in CO2 emissions and a remarkable 8% decrease in energy consumption. Key initiatives included switching to carbon-free energy, implementing energy monitoring systems, renovating for energy efficiency, and actively engaging tenants in sustainability efforts. Looking ahead, the fund remains committed to further reducing energy intensity and emissions, guided by a carbon reduction roadmap aligned with Science Based Targets for 2027 and 2032. This accomplishment underscores the fund’s dedication to a greener future.
(PRESS RELEASE) HELSINKI, 11-Sep-2023 — /EuropaWire/ — CapMan, a leading Nordic private assets management and investment company, announces that its Real Estate Hotels Fund has made significant strides towards a more sustainable future, achieving notable reductions in energy consumption, CO2 emissions, and greenhouse gas (GHG) intensity between 2021 and 2022. All of this progress was realized while the market was experiencing a post-pandemic resurgence in occupancy rates. The fund’s unwavering commitment to sustainability resulted in a remarkable 37% reduction in operational market-based CO2 emissions and GHG intensity, accompanied by an 8% decrease in absolute energy consumption and energy intensity. In 2021, the Hotels Fund accounted for approximately 45% of CapMan Real Estate’s total emissions, a figure that dropped to 34% in 2022, underscoring the significance of this achievement.
This remarkable transformation can be attributed to a concerted and multifaceted effort aimed at enhancing the fund’s sustainability performance. Key initiatives that contributed to these outstanding results include:
As the fund looks to the future, its commitment to the green transition remains unwavering, particularly given the age of its building stock. The fund’s vision includes further reductions in energy intensity and emissions, in line with its carbon reduction roadmap. This roadmap, aligned with the Science Based Targets initiative, outlines ambitious short-term and long-term GHG emission targets to be achieved by 2027 and 2032, respectively.
The CapMan Real Estate Hotels Fund is setting a commendable example in the real estate industry, demonstrating that sustainability and economic success can go hand in hand. Through innovation, commitment, and collaborative efforts, the fund continues to pave the way towards a greener and more sustainable future.
Media contact:
Anna Rannisto
Real Estate Sustainability ESG Manager
anna.rannisto@capman.com
+358 40 6266 383
Linda Tierala
DIRECTOR, COMMUNICATIONS & IR
linda.tierala@capman.com
+358405717895
SOURCE: CapMan
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