White Star Real Estate publishes its first Sustainable Development Report

20 grudnia 2023

White Star Real Estate has published its ESG report for the year 2022, which includes a review of activities related to the areas outlined in its ESG Policy: environmental, social and corporate governance. Despite no legal obligation to prepare a non-financial report for 2022, the company opted to create a report in reference to the Global Reporting Initiative (GRI) guidelines. This marks the White Star Real Estate’s initial Sustainable Development Report.

ESG (Environmental, Social, Governance) factors gauge a company's environmental impact, societal relationships and management practices. In its inaugural report, White Star Real Estate shares valuable insights into the company's efforts towards sustainable development and ethical practices.

"Sustainable development is a key priority for us – constructing and maintaining facilities aligning with the highest environmental, social, and ethical standards. We regularly assess project quality based on BREEAM certification standards. Notably, our commitment to sustainable development was evident in the release of our first Sustainable Development Report, coinciding with the 10th anniversary of receiving the initial BREEAM final certificate for The Park Warsaw. This milestone occurred at a time when few companies paid attention to green building certifications", said Agnieszka Wójcicka-Krupa, Sustainability Manager at White Star Real Estate.

By the end of 2022, over 85% of White Star Real Estate's investment portfolio buildings held BREEAM or LEED certification.

"Investing in environmentally friendly solutions in construction represents a conscious effort to shape our environment positively and enhance the quality of life for those inhabiting or using our buildings. Despite no legal obligation for a non-financial report in 2022, we analyzed our environmental impact. As a socially responsible company, we aim to inspire the industry toward sustainable development. Through this analysis, we draw conclusions to improve our future practices”, added Agnieszka Wójcicka-Krupa.

In accordance with WSRE's ESG Policy guidelines, the company monitored greenhouse gas emissions in Scope 1 and 2, following the GHG Protocol in 2022. Future plans involve expanding the analysis to include indirect emissions in the value chain (Scope 3), such as waste management, business travel, and employee commuting.

In the 2022 Sustainable Development Report, White Star Real Estate also measured social and corporate governance data. Additionally, ESG aspects in individual projects owned and managed by WSRE were described.

The 2022 Sustainable Development Report by White Star Real Estate is available on this website.

About White Star Real Estate
White Star Real Estate is a diversified real estate company whose core businesses include acquisition and development of properties, and provision of asset and property management services. The company has been present in the Central and Eastern European region since 1997, leading the completion of over 50 development projects and currently managing more than 100 buildings with over 2 million square meters. These properties include a large portfolio of landmark office buildings, as well as several warehouse, retail, leisure and residential developments.

With offices in Poland, the Czech Republic, Hungary and Romania, White Star’s team of over 300 people is focused on providing clients with high quality, best of class, real estate asset management services, as well as sourcing and developing real estate opportunities in the CEE markets. For more information, visit www.whitestar-realestate.com.

Agnieszka Kurczych

PR & Marketing Manager White Star Real Estate