Using our scale to make impactful change

ESG has been built into our business strategy since the beginning. With such a large portfolio across so many urban locations in Europe, we can bring about real and positive change through the implementation of our ESG best practices.

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Environment

We’re committed to reducing the impact of climate change by championing the transition to a low carbon economy. To achieve this, we’re already promoting sustainable operations, increasing the climate resiliency of our properties and working alongside stakeholders towards a greener last mile.

Some of our key targets

At least 15% carbon reduction

(from 2022 baseline) in Scope 1 & 2 emissions by 2025

Aspire to have 50% LED lighting

by 2025 and 100% by 2030

Aspire to have 100MWp

of onsite solar PV capacity by 2026 and 250MWp by 2030

100% green lease coverage

in all leases and renewals by 2030

Where we are making a change

Redeveloping Tobaksfabriken in Malmö, Sweden

Our largest property in Sweden is the Frans Suells Tobaksfabrik, an 80,000 sqm multi-building property, which had until the early 2000s been the centre of Malmö’s tobacco production, a historically important industry for the city.

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Exterior detail of Tobaksfabriken building
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Social

We invest in our people and local communities through a wide range of training and volunteering opportunities, as well as fostering a diverse and inclusive culture.

Our key target

Offer 100% of employees

the opportunity to join our community engagement programmes

Where we are making an impact

Mileway Acts

The Mileway Acts programme enables us to use our scale to make an impact, giving our teams time to support local community initiatives in two areas: education & inclusive growth and sustainable urban environments.

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Partnering with The Brokerage

In 2022, we began our UK partnership with the social mobility charity, The Brokerage, which works with less-advantaged young people and employers to drive positive change in the workplace.

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Governance

ESG is embedded across our management structures, processes and policies, with robust measurement and reporting structures in place.

Our key target

Collect, analyse and increase

coverage of Mileway and customers’ utility data

Policies and processes

Policies covering topics such as environment and energy, occupational health and safety, diversity, equity and inclusion, and human rights form the foundation of Mileway’s governance programme.

Code of Conduct
Modern Slavery
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ESG Reports

Our ESG Reports detail our ESG targets and progress to date, as well as providing a roadmap for the future. It shows how we plan to embed our responsibilities further into our business strategy, using it to create long-term value for all of our stakeholders.

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Adhering to the UN Sustainable Development Goals

We have aligned our ESG programme with six of the United Nations Sustainable Development Goals we believe we can make the greatest contribution to.