OP Real Estate Asset Management’s Sustainability Report 2023: Reduction of emissions from properties at the center of sustainability work
OP Real Estate Asset Management has developed the responsibility of real estate investments over the long term. 2023 is already the tenth year that OP Real Estate Asset Management has published a sustainability review. Although 2023 has been a challenging year in the real estate and construction industry, OP Real Estate Asset Management has continued to promote its sustainability goals in the long term.
– Last year we expanded our GRESB reporting from two to three funds, we were among the first to use the geothermal Geolo solution in Finland, we participated in the demolition plastic project and we were involved in a project that created common industry principles for the Scope 3 calculation of real estate, says Markku Mäkiaho, director of OP Real Estate Asset Management.
The focus of OP Real Estate Asset Management’s responsibility work, which manages OP’s real estate capital funds and customers’ direct real estate investments, is the reduction of real estate emissions. Emissions from energy use have been reduced on a long-term basis for years.
– In 2023, more than 10,000 MWh of renewable energy was already produced at our sites, which corresponds to the annual energy consumption of more than 500 electrically heated detached houses, says Mäkiaho.
On the other hand, OP Real Estate Asset Management’s funds have 33 geothermal and air-water heating systems, 36 solar power plants and 38 wood-constructed properties.