RCS - Globalworth Real Est - Carbon Emissions Reduction Commitment

Globalworth Real Estate InvestmentsAnnouncement

19/12/2022 07:00

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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(o)C trajectory.

 

For further information visit www.globalworth.com (http://www.globalworth.com)
or contact:

 

 Enquiries
 Stamatis Sapkas                                Tel: +40 732 800 000

 Chief Financial Officer

 Panmure Gordon (Nominated Adviser and Broker)  Tel: +44 20 7886 2500

 Alina Vaskina

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.

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