Adaptable buildings increase municipalities' opportunities for sustainable premises
Adapteo Plc Press release, 26 March 2021 at 1:00 p.m. CET
Adapteo Plc, a leading flexible real estate provider in Northern Europe, releases its sustainability report for 2020. The company's business model offers adaptable and circular building solutions, where the public sector makes up a large proportion of the customers. The sustainability report from Adapteo shows great potential for municipalities to accelerate the shift towards climate-neutral construction.
EU’s vision of achieving zero net emissions of greenhouse gases by 2050 requires significant change to become a reality. This certainly applies to the construction and real estate industry, which today accounts for 36 per cent of carbon dioxide emissions in EU. In the sustainability report published by Adapteo today, the company shows how a climate-smart complement to traditional construction is possible.
"Our entire business model is circular since the building units can be adapted and moved according to changing needs. If property administrations and urban planners included more flexible building solutions in their development plans, it would create conditions for reaching the climate goals," said Hanna Wennberg, Senior Vice President Sustainability at Adapteo.
Adapteo's buildings can be dismantled, adapted, and reused several times without compromising indoor environments or quality. Several of the company's building units are still in use after 30 years of reuse. The company also works continuously to strengthen the sustainability of its operations and ensure climate adaptation of manufacturing and transport, which, among other things, has led to Adapteo achieving AA status in MSCI's ESG rating.
In 2020, the company also ensured that all wood used in Swedish production is environmentally certified, according to the Forestry Stewardship Council, FSC. Also, the company only uses electricity from renewable energy sources in its operations in Sweden and Finland. The plan is to introduce this to all the other markets where Adapteo is present.The public sector makes up a large part of Adapteo's current customers, and in 2020, the company delivered 156 schools and preschools. In total, approximately 140,000 students and teachers now study and work in an adaptable building provided by Adapteo. The adaptable schools meet the same building requirements as static, permanent buildings, including design and indoor environment, but their environmental impact will be significantly lower. This is also shown in measurements carried out by the Finnish Ministry of the Environment, where greenhouse gas emissions during the life cycle of a typical Adapteo building were estimated at a modest 13.48 kg CO2e/square metre annually.
"We build in wood, which in itself significantly reduces the environmental impact. If we were to stop seeing adaptable building solutions as temporary emergency solutions, we would have a flexible and sustainable way of supplementing our traditional and mainly static thinking about real estate and construction. This is an enormous untapped potential," said Hanna Wennberg.
Download the Adapteo Sustainability Report here:
https://www.adapteogroup.com/investors/financial-reports/
For additional information, please contact
Hanna Wennberg, SVP Marketing, Communication & Sustainability
+46 76 256 10 62, hanna.wennberg@adapteo.com
Adapteo in brief
Adapteo is a leading flexible real estate provider in Northern Europe. We build, rent out and sell adaptable buildings for schools, daycare centres, care, offices, accommodation and events. We know that our society will go through an immense change in the years to come. Whatever the future brings, we believe that adaptability is the best solution. With our buildings, we can transform, repurpose, scale up and scale down in a matter of weeks by using a modular and circular building concept. Our buildings can be used for a few days or indefinitely, always optimised for current needs. That is how we build adaptable societies.
Adapteo is listed on Nasdaq Stockholm and operates in Sweden, Finland, Norway, Denmark, Germany, and The Netherlands. In 2020, Adapteo’s Net sales were EUR 231 million.
