Commercial, Energy Efficiency, GHG Emissions  -  April 7, 2023

Globalworth’s Climate Targets Approved by SBTi

Globalworth, an office investor in Central and Eastern Europe, scientifically validated its climate targets by the Science Based Target initiative (SBTi).

In 2022, as part of its sustainable development strategy, the Group performed a detailed review of how it can improve its future carbon footprint. Globalworth analyzed its performance over three years and set its environmental target of reducing its GHG emissions intensity by 40% by 2030 compared to its baseline 2019 levels for Scope 1 and 2. The Group also committed to measuring and reducing Scope 3 emissions.

“At Globalworth, since the inception of the Group, we have been focusing on providing our business partners with high-quality spaces that are sustainable, technologically advanced, and custom-fitted to their needs while at the same time ensuring that these spaces have a positive influence on the communities that we live and operate in," said Stamatis Sapkas, CFO of Globalworth Group, in a statement. "With c.90% of our standing commercial properties environmentally certified and c.98% of the energy used in our portfolio from renewable sources at the end of 2022, we consider our 2030 and SBTi-validated GHG emissions reduction target as the next step in our sustainable development strategy.” 

In the last two years, Globalworth further developed its sustainability strategy, achieving BREEAM Very Good or higher certifications or re-certifications for 45 of the properties and securing 100% of the energy used in its Polish properties and in its Romanian office portfolio from renewable sources.