Kojamo earned a Green Star designation in its first GRESB Sustainability Assessment
Kojamo participated in the real estate sector’s international GRESB Sustainability Assessment for the first time receiving good results and a Green Star designation.
Kojamo received a good result of 70 points out of 100 from its first GRESB Sustainability Assessment. With the result, Kojamo exceeded the average result of its comparison group (Northern Europe, Residential, Multi-family) and was placed the fourth highest in the group. Kojamo earned a Green Star designation and three stars out of a possible five.
Kojamo also participated in GRESB's separate Public Disclosure Assessment which measures the transparency and comprehensiveness of publicly available information. In this assessment, Kojamo achieved the best A-level and was the best in its comparison group (Northern Europe Residential).
Global Real Estate Sustainability Benchmark GRESB
Since 2009, Global Real Estate Sustainability Benchmark GRESB has annually assessed and benchmarked the sustainability performance of property portfolios. GRESB Assessments are used to measure the operations of real estate sector companies from the perspective of sustainable development, and the assessment provides an internationally comparable result.
The GRESB Assessment extensively covers a wide range of areas of sustainability on both the company and asset level: company-level management of sustainability, policies and principles, reporting, risk management, sustainability of the supply chain, environmental performance of the asset portfolio and stakeholder cooperation.
In 2020, more than 1,200 companies and funds from 64 different countries with a total of over 96,000 assets participated in the GRESB Assessment. The assessment was based on the reporting year 2019.
Full score on personnel responsibility
Kojamo’s special strength in the GRESB Assessment was the responsibility for the personnel, on which it scored full marks. In addition, the company received an excellent result on responsibility and sustainability management, reporting, risk management and stakeholder cooperation as well as responsibility and sustainability policies and principles. High marks were also achieved in the monitoring and management of the property portfolio’s energy consumption and measuring greenhouse gas emissions.
“This is a great acknowledgement and an excellent result for a first-timer. GRESB is an internationally known sustainability assessment and industry benchmark that provides a good foundation for the long-term development of corporate responsibility. We have invested in the development of our sustainability work for several years now, and this goes to show that we are doing the right things in developing our sustainability,” rejoices Hannamari Koivula, Manager, Corporate Responsibility and Sustainability at Kojamo.
Kojamo also aims for high-quality and comprehensive sustainability reporting in the future. The company will report in accordance with the GRESB, GRI and EPRA frameworks and continuously develop its reporting.
“Participating in a transparent and respected third-party sustainability assessment is an important part of our sustainability work and related stakeholder communications. GRESB provides an excellent and extensive framework for our sustainability work, and we have several different development projects ongoing with the different GRESB areas,” says Koivula.
Green Star designation for successful sustainability work
GRESB grants companies a Green Star designation for reaching specific points in the assessment. Kojamo earned the esteemed Green Star designation for successful and long-term sustainability work.
At Kojamo, sustainability is one of the strategic focus areas, and responsibility and sustainability are executed, measured and developed as a key part of the company’s business operations.
For more information, please contact:
Hannamari Koivula, Manager, Corporate Responsibility and Sustainability, Kojamo plc, tel. +358 40 581 9921, hannamari.koivula@kojamo.fi
Kojamo is Finland’s largest private residential real estate company and a frontrunner in the housing business. Our mission is to create better urban housing. The Lumo brand provides environmental-friendly housing and services in Finland’s biggest growth centres. We actively develop the value of our investment properties by developing new properties and our existing property portfolio. We want to be the property market frontrunner and the number one choice for our customers. Kojamo’s shares are listed on the official list of Nasdaq Helsinki. For more information, please visit kojamo.fi/en/
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