Agenda for the Sustainable City

Castellum will be one of Europe’s most sustainable property companies. Not because we should benefit from it, but because the Earth deserves it. Fortunately, sustainable business is also profitable business. That is why Castellum can go in wholeheartedly for sustainability in all its investments.

ONGOING TARGETSOutcome 2020

  • 1% water conservation per year.5)

    –13%
  • 1.5% energy effciency enhancements per year.5)

    –12%
  • All new production and major reconstructions sustainability certified.

    100%
  • Provision of ecosystem services in major developments.

    100%

ONGOING TARGETSOutcome 2020

  • <2% short-term absenteeism due to illness.

    0.9%
  • <3% long-term sick leave.

    1.1%
  • 4% of all employees to consist of apprentices.

    2%6)
  • Create job opportunities in projects for young people and the longterm unemployed.

    100%
  • 100% of employees to undergo training in Code of Conduct.

    86%

TARGET 2020Outcome 2020

  • 100% non-fossil fuel powered vehicles.

    100%

TARGET 2025Outcome 2020

  • 15% lower energy consumption cf. 2015.

    –15%
  • 100 solar cell installations in the “100 on Solar” programme.

    39
  • 50% of properties in sq. m. environmentally certified.

    39%
  • 40–60% equality among all occupational categories.1)

    women 40%
  • men 60%
  • 20% of employees to have international backgrounds.

    8%2)

TARGET 2030Outcome 2020

  • Net-zero carbon emissions – approved by Science Based Target initiative in accordance with the following road maps:

    • Net zero in Property management (Scope 1&2).

      1.0 kg3) CO2e/sq.m.
    • Net zero in Project development (Scope 3).

      4)
  • 100% non-fossil fuel energy.

    95%

1. Accounting policies can be found on page Focus area: Well-being.
2. Measured annually.
3. Well under the target of 1.3 kg CO2e/sq. m.

4. To be reported for the first time at the end of 2021.
5. In the “like-for-like” portfolio.
6. Project on hold due to coronavirus pandemic.

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  • THE PLANET

    We will responsibly and efficiently reduce resource use and carbon emissions that cause global warming.

  • FUTURE-PROOFING

    We will create a sustainable asset portfolio in a changing world.

  • WELL-BEING

    We will promote health, wellness and productivity.

  • SOCIAL RESPONSIBILITY

    We will conduct business in a responsible manner in relation to the community as well as to our stakeholders.

One of the most sustainable property companies in Europe

Castellum’s sustainability efforts are a natural, integrated part of its operations. Over time, Castellum will be the most sustainable property company in Europe and will actively promote sustainable development. The company regards society’s requirements under laws and regulations as minimum requirements and strives for continual improvements with clear goals aimed at promoting sustainable development. As a responsible agent of societal progress, Castellum will be part of driving this development forward.

Sustainability efforts permeate the entire business

Our operations should promote sustainable development, and its sustainability targets should be integrated into its operations, yielding tangible results. This work permeates the entire business from ownership, property management and asset portfolio development to customer relationships, employees and financing. Corporate social responsibility is crucial to the company’s success and drives profitability and long-term shareholder value. Castellum’s actions should be marked by a high level of expertise, good business ethics and accountability.

Focus areas and ambitious goals

Castellum’s sustainability agenda, “The sustainable city,” is divided into four areas of focus: The Planet, Future-proofing, Well-being and Social Responsibility. These areas of focus ensure that Castellum conducts its operations responsibly and create long-term solutions from an economic, ecological and social perspective. Read more about the focus areas on Focus areas.

Castellum has established a total of 18 measurable interim targets that are monitored and reported annually. During the year, a unanimous Board additionally gave the go-ahead to implement tangible road maps with clear milestones and actions for reaching zero carbon emissions by 2030.

The outcome of the goals linked to the respective focus areas are presented on the following page.

The UN sustainable development goals

At the UN Summit in September 2015, 17 global goals were adopted that will lead the world toward a sustainable and equitable future by 2030. A survey and analysis were conducted at the company using external experts to map out which of the UN Sustainable Development Goals that Castellum has the strongest points of contact with. The relevant goals were deemed to be 3, 4, 5, 6, 7, 10, 11, 12 and 13. In 2017, these goals were implemented in Castellum’s sustainability strategy, “Castellum’s Agenda for the Sustainable City 2030”.

Goal 1: No Poverty

End poverty in all its forms everywhere

Goal 2: Zero Hunger

End hunger, achieve food security and improved nutrition and promote sustainable agriculture

Goal 3: Good Health and Well-Being

Ensure healthy lives and promote well-being for all at all ages

Goal 4: Quality Education

Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

Goal 5: Gender Equality

Achieve gender equality and empower all women and girls

Goal 6: Clean Water and Sanitation

Ensure availability and sustainable management of water and sanitation for all

Goal 7: Affordable and Clean Energy

Ensure access to affordable, reliable, sustainable and modern energy for all

Goal 8: Decent Work and Economic Growth

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

Goal 9: Industry, Innovation and Infrastructure

Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

Goal 11: Sustainable Cities and Communities

Make cities and human settlements inclusive, safe, resilient and sustainable

Goal 12: Responsible Consumption and Production

Ensure sustainable consumption and production patterns

Goal 14: Life Below Water

Conserve and sustainably use the oceans, seas and marine resources for sustainable development

Goal 15: Life on Land

Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss

Goal 16: Peace, Justice and Strong Institutions

Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels

Goal 17: Partnerships for the goals

Strengthen the means of implementation and revitalize the global partnership for sustainable development

Sustainable development