Areim is an active asset manager that continuously builds on its sustainability track record, investing in environmental and social improvements to ensure we are shaping the future society we all want to be a part of.
Furthermore, the real estate sector has strong impact on what the cities of the future will look like and what social issues will be of importance to its population. We, along with our industry, have a great responsibility. In all our sustainability efforts, we are guided by the 17 global Sustainable Development Goals (SDGs) set by the United Nations. We also align our business with UN Global Compacts Ten Principles on Human rights, labour, environment and anti-corruption.
Sustainability facts 2021
of energy from renewable sources
reduction of energy intensity
building certifications for investments under management year end 2021
GRESB Areim Fund II
4 star since 2019. Gained 5-star status in development in 2021
GRESB Areim Fund III
Gained a 4 star status for standing investments in 2021
GRESB Areim Fund IV
Gained a 3-star status for standing investments first year participating
Our sustainability strategy
We define sustainability as leaving something better behind for future generations. We have set ambitious objectives for our sustainability strategy to create value for our investors, tenants, and our employees. Fundamentally, we are a business that delivers sustainable development, and this is reflected in the day-to-day actions of our employees. With the right resources, reporting structures and robust monitoring systems in place, we believe that we are on the right path to becoming a sustainability leader in our industry.
We deliver sustainable development by balancing two complementary perspectives: responsible business and impact strategy. This means we need to ensure good governance, transparency and risk management, and at the same time contribute to a better society. These perspectives are the foundation of our work.
We have aligned our business with the Ten Principles of the UN Global Compact and the UN Sustainable Development Goals (SDGs). The Ten Principles is an initiative to coordinate matters of human rights, labour conditions, the precautionary principle and responsibility concerning the environment, anti-corruption, and relevant legislation in the geographies where Areim operates. By mapping our business to the global identified challenges, represented by the SDGs, we can ensure our efforts are within areas that provide the most impact. We have selected four goals that are of most importance to Areim:
We have structured our ESG work into three well defined areas:
We turn brown to green Defines our approach to develop environmentally smart properties, reducing their climate impact through a “reduce and reuse” approach, and careful selection of materials and services.
We care for people Defines our commitment to caring for all stakeholders as well as creating social value beyond our properties. During the course of 2021, we have further refined our strategy to add additional focus to this area by intoducing two perspectives; – the external perspective with the aim to create social benefit within and around our investments and; – the internal perspective with the aim to continuously develop the best possible work place for our employees.
We deliver sustainable results Defines our commitment to creating long-term financial results with transparent governance.
Sustainability at Areim
Read more about our work with sustainability
How we do it
In addition, we typically increase the building density in the built environment. This means not only a reduced environmental footprint per capita, higher efficiency and lower costs for everything from fire-fighting services, to energy and water consumption but also a more living, dynamic and safer environment.
Our target is to having 100 per cent of our investments green building certified by time of divestment. It is always our aim to develop and improve our properties to meet the standards for well-known environmental certifications as specified by for example LEED, BREEAM and Nordic Swan Ecolabel (Svanen)
We acknowledge the importance of memberships in industry associations, national and international organizations, and bodies. Areim is a member of Sweden Green Building Council, The Stockholm Climate Pact and Green Building Council Finland as well as a signatory to UN Global Compact and UN PRI.
Our goal – a net zero business
What gets measured gets managed. Therefore, our plan towards net zero emissions starts with measuring and understanding the carbon footprint of our business. Since 2019, Areim has reported greenhouse gas emissions using the GHG Protocol, and its method helps us understand Areim’s responsibility for direct and indirect emissions. We are making steady progress and see reduced emissions as well as increased data coverage of our Scope 3 emissions. In 2021, more data regarding our properties was available, especially for the new properties within the light industry platform.
Still, we see major challenges to becoming climate neutral when it comes to assessing value chain impact. We continuously investigate innovative solutions and refine our analysis of Scope 3 emissions to ensure a bold carbon reduction. Renovation and tenant improvement projects are main drivers to our Scope 3 emissions. We have therefore, since 2020, measured these emissions using a lifecycle approach. With the lifecycle approach we not only measure emissions, but can also analyse in what phase of the project we have the most impact and where we have the biggest potential to decarbonize in upcoming projects.
Read our commitment to
ensure a sustainable business
Compensates for 56 tons of CO2e for emissions stemming from activity-related emissions from energy consumption, hotel nights and air travel 2021
Areim is participating in the following sustainability initiatives
As a signatory to UN Global Compact, Areim is committed to align strategies and operations with the Ten Principles on human Rights, labour, environment and anti-corruption. Read more at globalcompact.org
Areim acknowledges the importance and strategic value of maintaining memberships of industry associations, national and international organisations and other bodies.
INREV – European Association for Investors in Non-Listed Real Estate Vehicles
INREV is Europe’s leading platform for sharing knowledge on the non-listed (unlisted) real estate industry. The goal is to improve transparency, professionalism, and best practices across the sector, making the asset class more accessible and attractive to investors. Areim is a founding member of INREV. We follow the INREV definitions and guidelines on fund reporting, and we participate in several seminars and training sessions each year to constantly develop our best practices and reporting methods.
GRESB – Global ESG Benchmark for Real Assets
GRESB is a global ESG benchmark for the real estate and infrastructure industry. Its assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of real asset investments and are aligned with international reporting frameworks such as GRI, PRI, SASB, DJSI, TCFD recommendations, the Paris Climate Agreement, UN SDGs, and region and country specific disclosure guidelines and regulations.
SGBC – Sweden Green Building Council
SGBC is Sweden’s leading non-profit member organisation that aims to transform the building and construction sector across three areas – climate action, health and wellbeing, and resources and circularity. Through certification, education and opinion forming, SGBC works for clear and quality assured information on the environmental performance of buildings. SGBC is part of the World Green Building Council, a global action network comprised of around 70 Green Building Councils around the globe. Our CEO, Therese Rattik, has been a member of the SGBC Board since 2019.
GBC Finland – Green Building Council Finland
Green Building Council Finland is a non-profit association that gathers and refines the know-how of sustainable development in the building and construction industry. GBC Finland brings together knowledge and expertise in sustainable development as well as represents its members in the field both domestically and internationally. The core functions of GBC Finland are advancing the policies of sustainable development linked to the built environment and environmental classifications of the building industry, sharing, and forwarding know-how, activating the dialogue and discussion, and connecting Finland to the international Green Building Council network.
The Swedish Property Federation, Fastighetsägarna, is an industry organisation that works for a sustainable and functioning property market. Its mission is to improve the conditions for the real estate industry in Sweden, so that the housing and premises market can be developed. Its ambition is to create good conditions for growth.
The Stockholm Chamber of Commerce
The Stockholm Chamber of Commerce works with regional growth and development issues and conducts extensive networking and meeting activities.
Klimatpakten i Stockholm
Klimatpakten is a climate network for the City of Stockholm, organisations and companies, where we work together to reduce climate impact. Today, Klimatpakten has over 250 members from the entire Stockholm region. The city’s goal is a fossil-free
Stockholm by 2040. In that work, Klimatpakten is an arena for the exchange of knowledge and experience between the city, politicians and the network’s members. The aim is to together create a climate network and a meeting place for discussions, new ideas and collaborations.
UN PRI – UN Principles for Responsible Investment
The six Principles for Responsible Investment are a voluntary and aspirational set of investment principles that outline possible actions for incorporating ESG issues into investment practices. Areim joined as a signatory in February 2021.
UN Global Compact
The UN Global Compact is a voluntary initiative and network-based initiative where CEOs commit to implement universal sustainability principles and to take steps to support UN goals. Its, and our ambition through joining, is to align our strategies
and operations to the universal principles on human rights, labour, environment and anti-corruption as well as taking actions that advance societal goals. Areim joined as a signatory in February 2021.
Phone: +46 8 525 216 93