Platzer’s shares turns green
The property company Platzer has long been at the forefront of both environmental certification and measures to reduce energy consumption and carbon dioxide emissions. To increase transparency around the company’s climate impact and make it easier for investors to make sustainable decisions, Platzer has invited the research institute Cicero to evaluate its green equity framework. The result shows that as much as 91% of Platzer’s revenue and 98% of the company’s investments are green.
Demand for green investments and green bonds is growing daily in the equity and financial markets. ESG, which stands for Environmental, Social and Governance, describes the criteria linked to environment, working conditions and business ethics that investors and lenders look for when they are planning to invest in or finance a company. In the property sector, the proportion of properties awarded environmental certification is often used as a benchmark for sustainability and Platzer, whose property portfolio is 92% certified, has long been at the top of this list. Platzer has also focused on reducing energy consumption and carbon dioxide emissions.
Platzer is now taking another major step towards increasing transparency around the company’s climate impact. Platzer has become only the second company in Sweden to undergo an independent evaluation of its green equity framework. All revenue streams and investments have been classified into shades from green to brown by the research institute Cicero. The result shows that as much as 91% of Platzer’s revenue streams and 98% of the company’s investments are green. In addition to assessment of the sustainable performance of properties, the review also included Platzer’s organisation and governance and also the compliance with EU Taxonomy.
-“The purpose of the green equity framework is to make it easier for investors of all sizes as well as creditors to make considered, sustainable decisions. Cicero’s evaluation will give them a deeper insight into our sustainability work, thus enabling them to examine and compare our sustainable investments and performance,” said Fredrik Sjudin, CFO of Platzer.
-“Platzer wants to make a positive contribution to society by having a carbon footprint that is as small as possible. As a property owner with strong local ties, we focus on areas where property management has the largest impact, such as energy consumption, waste management and carbon dioxide emissions. Now we are linking ecologic sustainability with our revenue and investments to increase transparency about our environmental impact,” said P-G Persson, CEO of Platzer.
The research institute CICERO assesses green bond and equity frameworks. The methodology for assessing shares is based on quantitative and qualitative analysis of a company’s entire business, with both revenue streams and investments classified into three shades of green (or brown), depending on how aligned they are with a carbon neutral future. The evaluation also includes assessment of the company’s governance and strategy linked to sustainability.
Swedbank acted as adviser for Platzer’s green framework.
For more information, please contact:
Fredrik Sjudin, CFO, Platzer, Tel: +46 (0)721 27 77 78
P-G Persson, CEO, Platzer, Tel: +46 (0)734-11 12 22
Platzer Fastigheter Holding AB (publ) owns and develops commercial properties in the Gothenburg area comprising a total lettable area of around 827,000 sq. m., worth around SEK 22 billion. Platzer is listed on Nasdaq Stockholm, Mid Cap.
Links
Platzer’s green equity framework and the evaluation from CICERO: https://investors.platzer.se/en/green-share
EU taxonomy for sustainable activities: https://ec.europa.eu/info/business-economy-euro/banking-and-finance/sustainable-finance/eu-taxonomy-sustainable-activities_en
