Fund Managers

CDP names Sponda best Finnish environmental performer

Stockholm (NordSIP) – On October 30, CDP awarded its leadership level A- score to Finnish property investment company Sponda in its annual assessment. CDP, formerly known as the Carbon Disclosure Project, is a London-based NGO working with shareholders and corporations to disclose the greenhouse gas emissions of major corporations and enabling companies, cities, states and regions to measure their environmental impacts.

The CDP annual A-list names the world’s businesses leading on environmental performance. In 2017, it recognises 160 corporate companies as pioneers acting on climate change, water security, deforestation and building a new sustainable economy. Businesses are scored from A to D-, with the bar raised for its A-score threshold in its 2017 rankings through increased competitiveness and criteria.

Sponda’s score was thereby the best in Finland and ranked among the best in the Nordic Real Estate sector. 21 companies responded to the global survey in the Nordic comparison group (out of 1,073 globally), with Sponda ranking fourth in the Nordics. This is the third consecutive year that Sponda has reached CDP’s “leadership level”, and the sixth time it has participated in the CDP global survey.

“I am pleased that the goals we have set and the measures we have taken to improve the energy efficiency of our properties and reduce carbon dioxide emissions were again recognised in this year’s report,” Sponda Sustainability Manager Hannamari Koivula said. “The leadership-level ranking in a widely acknowledged climate reporting programme is an impressive achievement and shows that our energy efficiency scheme plays a major role in managing climate emissions in the property business.”

CDP, which represents 803 institutional investors globally with over €100,000bn in AUM and which claims to have built the most comprehensive collection of self-reported environmental data in the world, provides its data and insights to a network of investors, purchasers and policymakers around the world. CDP’s climate reports measure companies’ greenhouse gas emissions, emissions targets, measures to reduce emissions, business risks and opportunities related to climate change, and the reporting on these matters.

“Sustainable development and work to combat climate change has been an integral part of Sponda’s operations since 2009, when our energy efficiency scheme was first launched,” Ms Koivula said. “We carry out a number of measures in our properties to improve their energy efficiency and we actively monitor the trends in energy consumption in our properties.”

“In addition to our own energy efficiency scheme, we are also committed to the voluntary energy efficiency agreement made by the Finnish real estate sector for 2015-2017.”

Image: (c) Billion Photos-shutterstock

 

 

 

 

Kames Capital
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  1. Pingback: The Week in Green (November 3rd edition) | NordSip

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