ESG – Alfons & alfreda

We take responsibility for a bright future

Vision of a bright future

We have and take responsibility: as entrepreneurs and project developers.

Acting as sustainably as possible for the sake of future generations:that is our self-evident duty.

New challenges

Our projects are closely monitored and our standards are constantly reviewed.

This allows us to constantly update our ESG quality standards. The aim is to continuously evaluate our activities in a differentiated manner.

The regulatory framework

In an environment where CO2 is an increasingly relevant cost driver, real estate can only be successful if it not only meets current legal and regulatory requirements, but also exceeds them in a forward-looking manner. Regulation, together with rising user expectations, has a significant long-term impact on project decisions and capital flows. Developers and investors who set higher environmental standards thus increase the value and marketability of their real estate.

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Introduction of the EU ETS

The EU Emissions Trading System (EU ETS) limits and reduces greenhouse gas emissions through the trading of emission allowances.

EU Climate Package 2020

This package set binding targets to reduce greenhouse gas emissions by 20% compared to 1990, to increase the share of renewable energies to 20% and to improve energy efficiency by 20% by 2020.

Renewable Energy Directive

This directive set binding national targets for the share of renewable energy in final energy consumption and promoted the use of renewable energy sources in the EU.

Monitoring Mechanism Regulation (MMR)

This regulation required member states to monitor and report on their greenhouse gas emissions and progress towards their climate targets.

Paris Climate Agreement

An international agreement aimed at limiting global warming to well below 2 °C compared to pre-industrial levels.

EU taxonomy

This classification system promotes sustainable investment by setting clear criteria for eco-friendly economic activities.

EU-Green Deal

This strategy aims to promote sustainability in the EU and achieve climate neutrality by 2050.

Building Energy Act (GEG)

The law regulates the energy requirements for new and existing buildings in Germany in order to increase energy efficiency and reduce CO2 emissions.

Fit for 55 program

This EU program includes measures to reduce greenhouse gas emissions by 55% by 2030 compared to 1990 levels and achieve the Green Deal targets.

German Climate Protection Act

This law sets binding targets for reducing greenhouse gas emissions and defines measures to achieve these targets.

Building Electromobility Infrastructure Act (GEIG)

This act promotes the expansion of the charging infrastructure for electric vehicles in buildings by providing incentives for the installation of charging stations.

Carbon Dioxide Cost Allocation Act (KostAG)

The law regulates the distribution of CO2 costs between landlords and tenants in order to create incentives to reduce emissions.

Carbon Border Adjustment Mechanism (CBAM)

The CBAM aims to reduce CO2 emissions by taking into account the CO2 costs in imports from third countries to ensure fair competition.

Corporate Sustainability Reporting Directive (CSRD)

The CSRD extends the disclosure requirements for sustainability information of large companies in order to improve transparency and comparability.

In the long term, the goal remains:
The path to net zero

We have developed a climate protection roadmap that is divided into four steps and will help us on our way to our long-term net zero goal.

1. Determination of CCFs

Our company has its corporate carbon footprint (CCF) measured annually by TÜV and reports on it transparently. This report covers all Scope 1 and Scope 2 emissions as well as some Scope 3 emissions. Based on this data, we initiate targeted reduction measures that are implemented step by step.

One focus of our reduction measures is on Scope 3 emissions, in particular the emissions from our buildings, which account for the largest share. In the next step of our climate protection roadmap, we measure the emissions of our buildings using a life cycle analysis (LCA). This enables us to assess the total ecological footprint of our real estate projects and implement targeted measures to reduce emissions.

2. Determination of LCAs

As early as the planning phase, we determine the global warming potential, acidification potential, primary energy, eutrophication potential, and ozone formation potential and compare these values with a reference building. This enables us to identify the biggest emission drivers of our properties at an early stage and initiate appropriate reduction measures. Our focus is on energy-efficient and low-carbon construction.

In addition, we have set ourselves high standards for the construction of sustainable buildings, which we implement wherever possible:

Certifications

KfW 40 efficiency house standard
Use of 40% C2C materials (Cradle to Cradle)
Creation of a building resource passport with BIM and circularity assessment of our materials
Life cycle cost analysis
Analysis according to CRREM (Carbon Risk Real Estate Monitor)
At least three biodiversity measures
Climate risk analysis
Mobility analysis
Energy concepts

3. Reducing of greenhouse gas emissions

4. Communication our climate strategies

Our company attaches great importance to transparency and continuous improvement on the path to net zero. That is why we publish a comprehensive sustainability report every year. This report documents in detail our progress and measures to reduce greenhouse gas emissions and provides insights into our strategies for achieving our climate goals. In this way, we ensure that all stakeholders, including investors, customers, and partners, are kept informed about our environmental efforts at all times.

Buildings are meeting places

Our goal at Alfons & Alfreda is to create significant added value for every stakeholder with our projects. We recognize that the requirements of the various interest groups for a project are complex and often not transparent. That is why we are strongly committed to ensuring that everyone feels comfortable in our properties.

To meet this requirement, we have developed a social scoring system based on the EU Social Taxonomy and the Corporate Social Responsibility (CSR) scoring system of the Institute for Corporate Governance (ICG). This tool enables us to systematically evaluate how we can further improve our social impact.

In addition, we generally design our buildings in accordance with the WELL Core certificateso that future users can demonstrate how much they value the well-being of their employees through the entire WELL certification process.

Good Governance is our culture

For us, good corporate governance means, among other things, open communication and transparency.

With our reporting system in the form of our annual AWAKE Report,which is based on the Global Reporting Initiative (GRI), we show all stakeholders Alfons & Alfreda's developments.