Carbon Emissions Reduction Commitment

RNS Number : 0745K

Globalworth Real Estate Inv Ltd

19 December 2022

 

FOR IMMEDIATE RELEASE

19 December 2022

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Carbon Emissions Reduction Commitment

Globalworth, the leading office investor in Central and Eastern Europe, is pleased to announce its commitment to further reducing its real estate portfolio's carbon footprint by 2030.

At Globalworth, we recognize our obligation to responsibly manage the Environmental, Social, and Governance impacts of how we do business. Actively managing the consumption and associated carbon emissions generated from the construction and operation of our buildings is an area that we have been increasingly focusing on.

As Europe is aiming for greenhouse gas neutrality by the middle of the century, we have also accepted the challenge of further reducing our carbon footprint across our value chain, from the business areas under our control to the areas controlled by our tenants.

Our environmental target is to reduce GHG emissions intensity by +40% by 2030 versus our baseline 2019 levels (for Scope 1 and 2) and commit to measuring and reducing Scope 3. In setting this target, we have used a science-based approach to align with a 1.5^oC trajectory .

For further information visit www.globalworth.com or contact: 

Enquiries
Stamatis Sapkas Chief Financial Officer	Tel: [phone]
Panmure Gordon (Nominated Adviser and Broker) Alina Vaskina	Tel: [phone]

About Globalworth / Note to Editors: 

Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Poland and Romania. Globalworth acquires, develops and directly manages high-quality office and industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe. Managed by over 240 professionals across Cyprus, Guernsey, Poland and Romania, a combined value of its portfolio is €3.2 billion, as at 30 June 2022. Approximately 96.3% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 660 national and multinational corporates. In Poland Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span Bucharest, Timisoara, Constanta, Pitesti, Arad and Oradea.

About Reach announcements

This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.

 

END

 

 

NRAZZMMZGRRGZZM