Creating Value through Sustainability

In 2017, Citycon updated its Sustainability Strategy. The objective of our strategy is to define clear and justified sustainability priorities that create value for us as well as our stakeholders. Our guiding principle has been to find issues that we can influence directly. Our priorities combine business relevance and are the most important to our stakeholders, the environment, and the communities we operate in. In our strategy, we define long-term main objectives that span until 2030 as well as strategic actions for the next three years that will guide us in achieving the main objectives. Our new sustainability strategy has been taken into action from the beginning of 2018. Our strategy is built around four priority areas of our long-term sustainability promises:

CARBON NEUTRAL
Using less energy and producing more of it ourselves

Long-term main objective: Citycon is carbon neutral by 2030

Strategic actions for next years:

  • All assets will produce renewable energy for their own use.
  • By the end of 2020, Citycon will have decreased energy consumption per sq.m. by 15% (from levels measured in 2014).
  • As of 2018, all assets will use 100% green electricity.
  • As of 2018, an allowance amounting to 2% of net rental income will be budgeted for value enhancing energy investments.


ACCESSIBLE
Encouraging green transportation

Long- term main objective: 100% of assets are connected to public transportation, encouraging green ways to visit our centres. By 2030, the majority of our visitors will visit us by public transportation, foot, bike or electrical vehicles.

Strategic actions for next years:

  • All assets will offer electrical vehicle charging possibilities for cars and bikes.
  • All assets will promote cycling, with different methods tested, and the best practices will be spread across all sites.
  • Public transport options will be proactively developed together with local stakeholders.
  • Citycon will focus on shopping centres connected to rail transport.


CONVENIENT AND SAFE
Customers, tenants and personnel all feel right at home

Long-term main objective: Tenant satisfaction stays consistently above 90% in areas of safety, security, hospitality and service-mindedness. In addition, visitor dwell-time in shopping centres will increase.

Strategic actions for next years:

  • Citycon will play a proactive role to establish an industry standard certification with regards to safety and security
  • Youth cooperation and involvement projects will be instituted, with different methods tested and the best practices spread across all sites. By year-end 2020 all assets will have youth involvement activities in place.
  • Each asset will aim to accommodate some space annually for rent-free use by the local community, NGOs, or local businesses to foster ownership and engagement with the local community.
  • Each Citycon employee will be able to use one work day per year for voluntary work in community engagement events that take place in Citycon’s shopping centres.

    EXCELLENCE IN ACTION
    Making best practices the norm

    Long-term main objective: Citycon puts best sustainability practices into effect by following a clear roadmap and monitoring success.

    Strategic actions for next years:
     
  • Personal targets will be set in place for sustainability work for Citycon employees.
  • Sustainability actions at Citycon are carried out through clear responsibilities. Lessons learned will be clearly listed, results reported, and best practices will be actively taken into use across all assets.
  • 100% of assets will be BREEAM In-Use certified by the end of 2020 with the minimum level being “good”.
  • All new development projects will obtain a green building certification.
  • Citycon will present an annual award for the year’s actions which best support its sustainability strategy (to tenants, community initiatives etc.).

 

 

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