SATO scores two stars in Global Real Estate Sustainability

SATO Corporation, Press launch, 28 October 2022 at 12:00

SATO participated for the eighth time in the Global Real Estate Sustainability Benchmark (GRESB) evaluation offering an internationally comparable rating. SATO scored two stars in the GRESB evaluation. SATO’s rating is on the common degree in its peer group, Northern European housing funding corporations.

One of Finland’s largest rental housing suppliers, SATO owns round 25,000 rental flats which can be dwelling to round 50,000 individuals. SATO has been making long-term sustainability efforts for a few years, and sustainability was assigned one of many cornerstones of the corporate’s technique final yr. Sustainability is among the key parts of SATO’s long-term worth technology for its numerous stakeholders and may be seen as concrete actions in the whole lot the corporate does. SATO is aiming to be carbon impartial by 2030 as regards carbon dioxide emissions from property vitality utilization. Lifecycle pondering guides SATO’s actions from housing building to repairs, and the corporate encourages and guides its residents to make sustainable on a regular basis selections. SATO goals to be a forerunner in sustainable rental housing.

This was already the eighth time that SATO participated in the Global Real Estate Sustainability Benchmark (GRESB) evaluation offering an internationally comparable rating. SATO’s level rating dropped by one level from final yr in the Standing Investments Benchmark (this yr’s factors 73) and elevated to 75 from final yr’s 71 in the Development Benchmark. In addition, SATO acquired the Green Star for each parts. This is a recognition for entities with a rating increased than 50% of the factors obtainable.

SATO carried out effectively in social sustainability. SATO’s strengths embody various stakeholder relations, complete worker well being and wellbeing programme and measures, threat administration, and well being and security of tenants.

SATO scored the bottom factors in environmental certificates of buildings, as SATO-owned buildings haven’t been systematically licensed. Certificates for residential buildings are, nonetheless, regularly changing into extra frequent in Finland, and SATO is wanting into probably utilizing them in new building and renovation initiatives. Other areas in want of improvement for SATO introduced up by GRESB are processes regarding supplies choice and monitoring in building initiatives, and monitoring of water consumption, with measures relating to those already being deliberate in accordance with SATO’s Sustainability Programme for 2023−2026.

GRESB assesses the sustainability efficiency of actual property portfolios. The GRESB assessments have launched a uniform and comparable reporting mannequin for the actual property sector that will increase and helps funding choices. The facets measured are Management, Policy & Disclosure, Risks & Opportunities, Monitoring & EMS, Performance Indicators, Building Certifications, and Stakeholder Engagement. GRESB has been conducting a global benchmark since 2009, and the outcomes of the taking part enterprises type a comparative matrix. In 2022, a complete of 1,820 corporations and funds from 74 totally different international locations took half in the evaluation.

For extra details about SATO’s sustainability please contact:

Markku Honkasalo, Chief Financial Officer, SATO Corporation, [email protected], telephone: +358 20 134 4226
Susanna Kari González, Sustainability Manager, SATO Corporation, [email protected], telephone +358 201 34 4194

SATO Corporation is an skilled in sustainable rental housing and one in every of Finland’s largest rental housing suppliers. SATO owns round 25,000 rental houses in the Helsinki Metropolitan Area, Tampere and Turku.

SATO goals to supply a wonderful buyer expertise and a complete vary of city rental housing options with good entry to public transport and providers. We promote sustainable improvement and work in open interplay with our stakeholders. SATO invests profitably, sustainably and with a long-term view. We improve the worth of our property by means of investments, divestments and repairs.

In 2021, SATO Group’s web gross sales totalled EUR 298.3 million, working revenue EUR 304.5 million and revenue earlier than taxes EUR 259.4 million. The worth of SATO’s funding properties is round EUR 5 billion. www.sato.fi