ESG
Orange goes Green
ESG-COMPLIANT ACTION AT ALL LEVELS:
As real estate managers, we have a major impact on our environment and society. We recognised this years ago and since then the consideration of sustainability criteria has been firmly anchored in our actions. Environmental, social and good corporate governance have become even more relevant in our daily business life over the past few years.
We are certain that making our company and portfolio ESG-compliant will also play an important role in GRR’s future economic success. Besides keeping our employees happy and motivated, minimising any risks and optimising our portfolios is also about keeping our investors happy and helping them to achieve our ESG goals. We, the GRR team, see ourselves as a responsible part of society. That is why it is important to us to be able to offer our customers attractive ESG solutions with our sustainable products. As GRR, we focus in particular on the environment and social responsibility. As a signatory to the UN-sponsored “UN PRI” initiative for ESG-conscious investing and a member of the independent internal organisation GESB, we will be reviewing our own performance and that of our funds for GRESB in future so that we can use the results to make further improvements.
USEFUL INSIGHTS INTO ESG OUR SUSTAINABILITY REPORT
Read the latest sustainability report to find out what GRR and the industry is doing in terms of ESG.
THE FIRST GRR PROPERTY FUND IN ACCORDANCE WITH ART. 8 OF THE DISCLOSURE REGULATION
We already ensure compliance with strict ESG criteria when purchasing our properties, especially when it comes to our FRP1 property fund. The Article 8 fund launched in July 2022 takes verifiable ESG criteria into account, which makes it easier for our investors to understand how their investment is categorised according to sustainability aspects.
OUR COMMITMENT
We are a proud signatory to the UN-sponsored investor initiative “UN PRI” for ESG-conscious investing and a member of the independent international organisation GRESB.
ESG IS MORE THAN JUST A BUZZWORD TO US: ESG IS OUR RESPONSIBILITY.
Acting sustainably for the environment
At GRR, we generally follow the 17 Sustainable Development Goals that were adopted by the United Nations as part of the 2030 Agenda in 2015. These Sustainable Development Goals provide direct areas of action for the real estate sector in the areas of environment, social and governance.
SUSTAINABILITY TARGET IMAGE
MISSION
GRR is committed to the principle of “ESGeht noch mehr” in terms of environmental, social and corporate governance. One principle is clear: we want to live sustainability and transform the real estate industry into a sector that is sustainable for present and future generations; and we don’t just want to do so as a company, but in our own services too. GRR sees itself as a link that weighs up different interests and realises them in a modern and goal-oriented process. Expertise, network, trust and resilience are our core values.
Vision
We see ourselves as a long-term partner to the tenants and investors in our funds, working together to secure the basic and food supplies for our population. We are convinced that these properties in private and public settings are places for social interaction, but that their importance in relation to the environment and nature can also be further strengthened so that economy and ecology can complement each other in a meaningful way in future.
HOW CORPORATE MANAGEMENT LEADS THE WAY
Sustainability is a high priority within GRR. That is why our Sustainability Officer, Dr. Astrid Keller, has been responsible for this area with great dedication since mid-2022. As the management’s point of contact, she is responsible for coordinating and, in her capacity as an auditor, ensuring that we comply with scoring and ESG requirements. In consultation with the managers from the other specialist departments, she monitors the requirements of the various initiatives and supports us as we implement and further develop various ESG measures.
GRR Basic Retail Report 2024
The guide to the market development of logistics & food retailing
On more than 100 pages, you will find out how local supply and logistics properties are jointly forging a path into the future and what makes these asset classes a central component of the property industry. Over 20 industry experts provide comprehensive market insights with their contributions:
- Big picture: logistics and food retail
- Retail and consumers: Innovative and efficient concepts, customer opinion
- Tenants and management: Demand stimuli, green leases
- Investment market: Current developments and strategies for logistics and retail property
FAQ
We describe our commitment within GRR and in the property industry in detail in the GRR Basic Retail Report with regard to stakeholders and the interplay between ESG and real estate. In our voluntary sustainability report, we report annually on GRR’s progress towards becoming and being a sustainable and ESG-compliant company. And you can also make direct enquiries to our ESG Officer, Dr. Astrid Keller. Simply send an e-mail to a.keller@grr-garbe.com.
Of course. We have developed our “Orange goes Green” sustainability strategy together with imug Beratungsgesellschaft für sozial-ökologische Innovationen mbH, a consultancy firm in Hanover specialising in ESG and CSR. The topics of ESG and sustainability are becoming increasingly important: in particular, verified evidence of the sustainable performance of products and the entire GRR is due to be increasingly integrated into external market communication in future. Demand has also grown strongly in this area. ESG forms part of this strategy, which acts as a planning tool, policy statement and roadmap all in one.
The field of action for ESG measures is broad here – especially when it comes to the environmental aspect: from environmentally friendly remodelling plans in terms of efficiency and materials to the promotion of alternative energies and environmentally friendly portfolio management. In concrete terms, around 50 of our own roof areas are currently being fitted with photovoltaic systems and we are planting insect meadows in the green areas around the car parks. Used clothing collection containers from a joint venture consisting of several social institutions and a company specialising in such collections are also being installed in the car parks of almost all of the 500 properties we manage, and we are working with various providers on concepts to equip our stores with e-charging stations for emission-free transport. However, social aspects in the form of user and tenant satisfaction are also playing an increasingly important role in our partnerships. In terms of governance – i.e. within our corporate objectives – the focus falls on a future-orientated product range.
Your contact
Do you have questions about ESG at GRR?
We would be happy to advise you!
![[Translate to English:] Astrid Keller, Portrait](/fileadmin/_processed_/2/9/csm_grr_garbe_ansprechpartner_keller_astrid_c2046010f2.jpg "Dr. Astrid Keller")