Transparent and Credible: Citycon Enhances Sustainability Efforts with Updated Strategy for a Greener Future

Transparent and Credible: Citycon Enhances Sustainability Efforts with Updated Strategy for a Greener Future

(IN BRIEF) Citycon, a real estate company, has updated its sustainability strategy to align with its ambitious goals for 2030. The new strategy focuses on six key areas: carbon neutrality, sustainable mobility, community engagement, sustainable value chain, circularity and natural resources, and excellence in action. Citycon aims to achieve carbon neutrality by 2030 and promote environmentally friendly transportation within its centers. The company’s centers also serve as community hubs, fostering connections across the Nordics. Citycon has been recognized as a Climate Leader for three consecutive years. The updated strategy includes short-term targets, actions, and measurements, with regular updates to address evolving environmental and social impacts. Citycon is committed to transparency and credibility in its sustainability efforts.

(PRESS RELEASE) ESPOO, 25-May-2023 — /EuropaWire/ — Citycon Oyj (HEL: CTY1S), the leading owner and developer of urban hubs in the Nordics and Baltics, has recently unveiled an updated sustainability strategy that encompasses focus areas, objectives, and measurements for the foreseeable future. With this enhanced sustainability strategy, Citycon is poised to effectively tackle various areas as it strives to achieve its ambitious goals for 2030.

Recognized for its commendable efforts in reducing greenhouse gas emissions, Citycon has been named among Europe’s Climate Leader companies for the third consecutive year by Financial Times and Statista. As a testament to its steadfast commitment to long-term sustainability, Citycon has revised its sustainability strategy, serving as a powerful tool to successfully realize the company’s ambitious objectives.

“We have updated our focus areas, objectives and measurements, all set out to achieve our long-term goals. During the sustainability strategy update process, we have gained important insights from our stakeholders, in addition to data and facts as well as benchmark findings,” says Kirsi Simola-Laaksonen, Chief Information Officer and responsible for sustainability at Citycon.

“We are very proud of what we have achieved the previous years, but we always strive to further improve. Our sustainability strategy contains updates that will help us work even more effectively. We have added to our focus areas “Sustainable value chain” and “Circularity and natural resources” highlighting the importance of stakeholder cooperation and topics such as biodiversity, says Simola-Laaksonen.

Citycon’s refreshed sustainability strategy centers around six key focus areas:

1. Carbon Neutrality: Citycon aims to achieve carbon neutrality by 2030.
2. Sustainable Mobility: The company actively promotes environmentally friendly transportation within its centers.
3. Community Hub: Citycon’s centers serve as vibrant meeting places, bringing people together across the Nordics.
4. Sustainable Value Chain: Citycon collaborates with stakeholders to promote sustainability throughout its value chain.
5. Circularity and Natural Resources: Citycon champions circularity and biodiversity in all its operations.
6. Excellence in Action: The company upholds transparency and credibility in implementing sustainability actions.

Each focus area includes well-defined short-term targets, actionable plans, and quantifiable measurements. The sustainability strategy builds upon the previous version implemented in 2018, with periodic updates made in 2020 to align with observed developments in environmental and social impacts.

Citycon remains committed to regularly reviewing and refining its strategic sustainability actions to adapt to evolving trends and address the most pressing environmental and social challenges. Through its robust sustainability strategy, Citycon is dedicated to making a positive impact, striving for excellence, and contributing to a more sustainable future.

“Citycon is in a good position to reach its sustainability targets and we are committed to continue our efforts in line with the 1,5°C Paris goal and the target validation from SBTi, which is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF)”, says Simola-Laaksonen.

More information on Citycon’s sustainability strategy on www.citycon.com/sustainability

For further information:

Kirsi Simola-Laaksonen
Chief Information Officer
Telephone +358 20 766 4461
kirsi.simola-laaksonen@citycon.com

Investor Relations:

Sakari Järvelä,
VP, Corporate Finance and Investor Relations
Telephone +358 50 387 8180
sakari.jarvela@citycon.com

Citycon is a leading owner, manager and developer of mixed-use real estate featuring modern, necessity-based retail with residential, office and municipal service spaces that enhance the communities in which they operate. Citycon is committed to sustainable property management in the Nordic region with assets that total approximately EUR 4.2 billion. Our centres are located in urban hubs in the heart of vibrant communities with direct connections to public transport and anchored by grocery, healthcare and other services that cater to the everyday needs of customers.

Citycon has investment-grade credit ratings from Moody’s (Baa3) and Standard & Poor’s (BBB-). Citycon’s shares are listed on Nasdaq Helsinki Ltd. 

www.citycon.com/

SOURCE: Citycon Oyj