Sustainability
Aroundtown’s Sustainable Business Strategy is guided by our dedication to operating responsibly, creating value for our stakeholders, and improving the environmental and social performance of our assets.
Our approach, and success, is underpinned by a set of comprehensive long-term targets which aim to deliver tangible benefits for our stakeholders; our investors, tenants, building users, local communities, and employees.
We provide an account of our performance against these long–term targets in our annual sustainability reporting. We publish a suite of reports that align with mandatory reporting requirements and international best practice standards including the EPRA Sustainability Best Practice Recommendations (sBPR) and the GRI.
A message from our Board of Directors
Frank Roseen
Director
A primary goal of our business strategy is to extract value from existing properties by implementing refurbishments and upgrades. Through our asset repositioning and management approach, we support the transition to a low-carbon and resource-efficient economy, provide much needed high-quality accommodation for businesses and people, and revitalise the existing built environment.
Our sustainability activities, organised across five focus areas, help us to attract and retain tenants and investors; reduce both landlord and occupiers’ operating costs and sustain the long-term value of our assets.
Across all stages of our business, we recognise the importance of the quality and competence of our employees in determining company performance. We support staff to develop specialist skills and expertise and aim to provide a work environment that reinforces high levels of motivation, fosters diversity and promotes health and wellbeing.
Aroundtown has set itself multiple long-term targets in various ESG focus areas, which can be accessed here: ESG Long-Term Targets.
Sustainability reporting
We aim to provide relevant and valuable insights to our stakeholders on our progress against our long-term goals and sustainable business strategy. We also ensure that we follow current sustainability reporting requirements, in fact, even that we are a step ahead. In preparation of the EU Corporate Social Responsibility Directive (CSRD) which applies to our reporting from 2024, Aroundtown has already followed certain guidelines, such as the integration of the Non-Financial Report with the Consolidated Financial Statements. Therefore, in 2023 our sustainability reporting is published in the Consolidated Annual Report.
Besides the integrated Non-Financial Report, AT will publish a Sustainability In Focus report, an executive summary including key insight topics and highlights, which is planned for the second quarter of 2024. Note that this is going to replace our Sustainability Insights, which will not be published anymore for 2023.
Non-Financial Report
The Non-Financial Report is prepared in accordance with the Law of 23 July 2016 on the Publication of Non-financial Information and Information on Diversity, which transposes into Luxembourg legislation EU Directive 2014/95/EU.
Intended primarily for legislators and investors, the report details our approach to the management of our material environmental, social and governance issues that are essential for an understanding of our development, performance and position; and secondly, our impact on these matters.
Sustainability In-Focus
Aroundtown’s 2023 Non-Financial Report, integrated into the 2023 Annual Report, provides very comprehensive information regarding all material ESG topics and will continue to do this in the future with the reporting under the Corporate Sustainability Reporting Directive (CSRD). Aimed at those stakeholders, who would like to read an executive summary-style report of AT’s key sustainability topics, the Sustainability In-Focus provides such an overview mixed with highlight projects, our Spotlights, which offer a closer look at projects and activities that we are proud of.
Reporting frameworks and indices
To demonstrate our commitment to best practice, we align our reporting with international standards including the EPRA Sustainability Best Practice Recommendations (sBPR) and the ‘Core’ in accordance requirements of the GRI Standards.
Aroundtown’s SASB Mapping 2023
We also provide a summary of how we support the United Nations Sustainable Development Goals (UN SDGs). Our SDG index summarises how we contribute to Goals 3, 4, 5, 7, 9, 10, 11, 13, 16 and 17.
Awards and recognition
We have been recognised with numerous external awards for our sustainability achievements. A selection of the most recent awards we have received can be found under the Awards section of the website. Furthermore, Aroundtown is a component of several leading ESG indices, such as the DJSI Europe, MDAX ESG+ and GPR Top 100 ESG. An overview of leading indices in which Aroundtown is included can be found under the Share section.
