Citycon has made a strategic choice to pursue sustainable development and we strive to minimize our impact on climate change and contribute to building sustainable cities and communities. Citycon takes measures both in mitigating and adapting to the global and local effects of climate change. To show that we mean business, Citycon has set the ambitious target of being carbon neutral by 2030.
Risks – Changes in Physical Climate Parameters, Regulation, Material Inputs and Consumer Behaviour
Climate change creates risks for the future of retail management. Changes in the physical climate, such as extreme weather conditions and flood hazards, may cause higher maintenance costs and gradual impact on the buildings. Also, stricter legislative approaches and carbon taxation create risks on carbon intensive investments. Consumers are becoming increasingly environmentally conscious, and both tenants and investors expect action in tackling negative climate impacts.
Opportunities – Forerunner in Sustainable Shopping Centre Management
Citycon’s ambitious energy saving targets and aim to increase the use of renewable energy advances implementation of new green technologies and creative solutions in the buildings. These environmentally efficient solutions also reduce operating expenses. Additionally, Citycon’s shopping centers are centrally located and easy to access via public transport. This enables reduction of environmental impact of customer traffic.
In addition to guiding our daily work, environmental certifications such as BREEAM or LEED also create a means to communicate our environmental performance to external stakeholders.
Climate Risk Management
- Observing & Reporting
- Improving internal management
- Energy saving actions
- On-site renewable energy production
- Sharing best practices
- Cooperation with tenants partners
- Environmental certificates: BREEAM In-Use & LEED