One United Properties will invest 70 million euros over the next two years in the urban regeneration of abandoned historical monuments
One United Properties, the leading green developer and investor in residential, mixed and office real estate in Romania, has published the sustainability report for 2021. The annual report on sustainability aspects is part of the strategy that One United Properties adopted at the end of 2021, following the decision to join the United Nations Global Compact, the world’s largest sustainability initiative. As the next step in the sustainability journey, the company will initiate the ESG rating process with one of the leading rating agencies. The ranking will be made public.
“In 2021, we reached important milestones in terms of our commitment to sustainable development: we continued to focus on responsible construction where the majority of waste is diverted, we invested in the first restoration of a historical monument , laid the groundwork for our partnership with Veolia to implement the latest renewable energy solutions in our residential developments, committed to ensuring that new office developments meet net zero carbon emissions standards, developed a new code of conduct for our suppliers, as well as set up the premises of the first ESG committee of a leading Romanian public company, to name a few highlights. We will continue these efforts in 2022 because we are convinced that sustainability is directly linked to the idea of doing business responsibly,said Victor Capitanu, co-CEO of One United Properties.
During the process of preparing the 2021 sustainability report, management identified topics of critical importance to the company and all stakeholders – shareholders, potential investors and financial market analysts, customers, employees, collaborators, – contractors and suppliers, and the media. Sixty-six stakeholders participated in the sustainability survey, based on which the materiality matrix outlining priority areas was prepared. The quality of infrastructure, the energy efficiency of developments and responsible construction have been identified by stakeholders as priorities for One United Properties, all in line with the environmental strategy. Then come the social criteria: societal involvement, urban regeneration, good health and well-being of tenants and residents.
One United Properties’ environmental strategy includes the development of a 100% Green Homes certified residential portfolio, a 100% LEED and WELL certified office portfolio, and a commitment that all new office developments meet LEED standards. Zero Carbon. Additionally, in early 2022, One United Properties launched a partnership with Veolia to bring to future developments: One Lake District, One High District, One Lake Club and One Peninsula, the most advanced and environmentally friendly source of energy. environment: geothermal heat. pumps. At the construction phase, approximately 65% of the waste generated at the nine construction sites where One United Properties expanded in 2021 was diverted – repurposed, recycled or reused, instead of being buried in the landfill.
On the social side, 2021 marked a new stage in the history of One United Properties as the company deployed, for the first time, capital in the restoration of historical monuments, following the acquisition of Casa Braikoff. The historic venue is undergoing a complete renovation and will be known as One Athenee. Additionally, in March 2022, One United Properties acquired the former Ford factory, located in One Floreasca City, which will be restored and transformed into a commercial space, One Gallery. Over the next two years, One United Properties plans to invest a minimum of 70 million euros in the urban regeneration of abandoned historical monuments in Bucharest, with the aim of protecting and regenerating the cultural heritage of the Romanian capital.
In terms of governance, the company’s efforts as an employer, business partner and public company are centered on ensuring a safe environment for all employees and associates and promoting equality. Therefore, as part of the sustainability strategy, One United Properties has developed in 2021 a new Supplier Code of Conduct. From 2022, all One United Properties suppliers and partners will be required to commit to ensuring full respect for human rights, the highest standards of occupational health and safety, and ethical standards in their conduct.
In terms of corporate social responsibility, for the year 2021 alone, One United Properties has donated 1.4 million euros to support local associations and charitable projects. The company’s CSR strategy revolves around three verticals: urban regeneration and environmental protection, where One United Properties has donated a total of €1.1 million; education, sport and entrepreneurship, where support amounted to 250,000 euros; health and research, where the company donated 17.5,000 euros last year to several causes.
One United Properties’ 2021 Sustainability Report has been prepared using Global Reporting Initiative (GRI) standards and is available HERE. The Board’s ESG Committee, which is responsible for setting One United Properties’ sustainability strategy, oversaw the preparation of the report.