We are sustainable
Sustainability is ingrained in our business model and culture. We strive to not just minimise our environmental impact, but to actually improve the health of the communities where we are.
We take the environmental impact of our activities seriously. We use all the latest, state-of-the-art materials and technologies in all our buildings, old and new, because we think about the long run. As the owners and operators of all our parks, it is our priority to minimise each park’s ecological footprint, ensure the building’s lifespan, and even contribute positively to the locality – like with solar energy, bee hives, and increasing biodiversity.
BREEAM certification
To further enhance and verify the sustainability of our developments and operations, CTP was the first European industrial developer to undertake BREEAM certification for its entire portfolio of industrial and mixed-use properties. Since 2021, all new buildings are certified “Very Good” and higher.
Smart buildings
Smart buildings measure energy consumption in real-time and make it possible to identify ways to make building operations even more energy efficient, which helps to save both money and the environment.
As part of our commitment to sustainability we are upgrading our standing portfolio with data-gathering technology to better analyse building performance. Smart buildings make it possible to monitor energy consumption of a building in real-time. This enables us to identify ways to make building operations even more efficient, which helps to save both money and the environment.
ISO certification
Our commitment to sustainable development includes ISO certification for environmental and energy management systems for our entire portfolio.
Currently all of our buildings in the Czech Republic, Slovakia and Romania have received ISO 14001 (Environmental management) and 50001 (Energy management) certification. This further underscores our commitment to both the environment and our tenants. We continue to implement high sustainability standards in our processes throughout the Group portfolio and plan in the near term to finalise ISO certification in all countries where we operate the CTPark Network.
Circular parks
The circular economy is a “closed-loop” system that minimises waste and resource consumption. We’re rolling out the concept of “circular parks” to maximise sustainability, starting with our A-class office portfolio.
CTP is working to make its industrial and office parks more sustainable. We chose Spielberk Office Centre in Brno as a pilot project to discover what we could do to get to zero waste and greater efficiency in line with the principles of the circular economy. The Czech-based Institute of Circular Economics gave us a set of concrete recommendations that will make the functioning of the entire office park more eco-friendly. This includes things like installing hot-air dryers in all bathrooms, which prevents nearly 80,000 tons of paper waste each year. Other initiatives include investing in better recycling containers and creating systems to enable our clients to easily recycle their office waste, including paper, printer toner, and bio waste. Best practices from the Spielberk pilot project will be transferred to our other office projects in Brno and Ostrava, in addition to our industrial portfolio wherever possible.
Renewable Energy
Renewable energy, in particular solar energy, is a key part of CTP’s strategy to reduce the emissions of greenhouse gases. Over the last years, the Company has been working to promote renewable energy in two ways. The most important is that all assets are built solar-ready. Since 2012, the roofs of CTP’s buildings have sufficient load-bearing capacity for the installation of solar panels. CTP installed its first photovoltaic (“PV”) systems in the Czech Republic. In 2022, PV systems were added in Slovakia, Hungary, Romania, and the Netherlands. CTP plans to install rooftop PV systems in all of its countries of operations. In 2022, CTP increased its installed PV capacity from 6MWp to 38MWp. By the end of 2023, the target is to install an additional 100MWp of capacity, and by the end of 2026 this should be increased to 400MWp. To be able to achieve these objectives, CTP is creating a dedicated team of energy managers at the Group and country levels. As a result of its own solar installations, in 2022 CTP produced 5,228.8MWh of energy and generated more than €4 million in solar-related income.
The second of the two paths is to increase the volume of renewable energy purchasing. CTP ensures that consumed energy is coming from renewable energy sources by purchasing renewable energy when its own-produced renewable energy is unavailable. CTP has control over a large portion of its energy contracts, even at the asset level, and the Company will increase the percentage of renewables used in its energy mix.
CTForest
CTP is the proud custodian of 570 hectares of forest near the Czech towns of Mladá Boleslav and Zlín. In recent years these forests, like many other forests in the world, have fallen victim to pine beetles which makes them very vulnerable and under threat, especially with long hot summers and forest fires. Furthermore, monocultural forests can’t support diverse, healthy ecosystems. Today, we’re working closely with local specialists to help restore the native biodiversity of these areas to help ensure a resilient, healthy future.
CTP Approach to ESG
CTP takes a robust approach, and targets are therefore based on emissions reductions required to keep global warming at 1.5°C.
CTP’s goal is to achieve 100% carbon neutrality in line with Paris Agreement.
In 2022 we have calculated our Scope 1 and 2 footprint.
We intend to estimate relevant Scope 3 emissions in 2023.
Both operational and embedded carbon emissions will be tackled by:
- Taking multiple steps to reduce CO emissions from construction;
- Generating on-site renewable energy;
- Promoting the circularity of our buildings and parks, including responsible resourcing
CTP strongly believes in the value added by integrating its parks into the communities and environment where they are located.
Because we provide tenants with longterm solutions, CTP builds high-quality buildings certified under the BREEAM framework confirmed as ‘Very Good’ or better. We are committed to ‘No Net Loss’ with regards to biodiversity and apply the IFC’s Mitigation Hierarchy for new construction sites.
CTP reduces tenant demand for utility services by installing efficient fixtures, smart meters and management systems, and by promoting energy self-supply.
We invite the community to make use of leisure and shared facilities and/or the infrastructure that are part of our parks for multiple purposes.
Well-being and education are important values of CTP. Internally, CTP is committed to promoting and motivating its employees to lead a healthy lifestyle by supporting sports activities and by providing healthy food options at CTP work locations. We also encourage and support continuous learning among our colleagues. CTP is an inclusive company and supports diversity at the workplace. Externally, we are actively engaged with NGOs in education, and we support the well-being of the community by investing in sports facilities and other infrastructure that improves the wellbeing of the people working in and living near our parks.
Proper ethical standards and acting with integrity are among CTP’s core values. We are committed to ethical, fair, and honest behaviour towards our employees, customers, suppliers, competitors, the public authorities and regulators, and any other parties involved in our day-to-day activities.
CTP chose to comply with the Dutch Corporate Governance Code, as it is closest to our DNA. We adhere to EU and local laws and regulations, and we go beyond where possible and where we feel it contributes positively to society.
Our internal KPI’s include financial, operational, and ESG-related indicators that we manage through regular monitoring. We have processes and systems in place to manage risks and to audit the operational performance of our activities.
We have incorporated GRI and TCFD requirements in 2022 Sustainability Report. We are currently developing SBTI climate target.
We make parks
CTP is a full-service commercial real estate developer. We build, manage and deliver custom-built, high-tech business parks throughout Central and Eastern Europe.
We build communities
We want to be a good neighbour. We promote socially responsible behavior throughout the countries in which it operates, where we support a wide range of community-based organizations mainly focused on children and adolescents.