Although 2023 was challenging in the real estate and construction sector, OP Real Estate Asset Management has continued to promote its sustainability goals.
"Last year, we expanded our GRESB reporting from two to three funds, we were among the first in Finland to utilise the Geolo solution using geothermal heat, we participated in a demolition waste project and we were involved in a project where industry-wide principles were created for the Scope 3 calculation of real estates," says Markku Mäkiaho Director of OP Real Estate Asset Management.
Emission reduction on real estate is a key element of ESG work by OP real estate funds, and by OP Real Estate Asset Management which manages clients’ direct real estate investments. Emissions from energy consumption have been cut with a long-term focus for years now.
"In 2023, our properties already produced over 10,000 MWh of renewable energy, which is the equivalent of the annual energy consumption of over 500 detached houses heated with electricity," says Mäkiaho.
Properties of OP Real Estate Asset Management's fund have, in turn, 33 geothermal and aerothermal systems, 36 solar power plants and 38 timber-framed properties.