Targets

Sustainability

Goals

At Noval Property, our commitment to sustainability is based in measurable actions and ambitious goals.

View our goals:

Strategic pillars	Short-term 2026	Mid-term 2030	Long-term 2050
Sustainable Built Environment	Achieve at least two more LEED and BREEAM certifications. Revision of current state of income producing assets and formulation of a plan to improve energy efficiency and EPC class to at least level C. Have at least 50% of fleet to be EVs or Plug in hybrids, by 2025. Installation of water discharge monitoring systems for assets with increased consumption Identification and measurement of material Scope 3 emissions Upgrade of the investment portfolio with at least two assets that are fully aligned with EU’s Taxonomy technical criteria for sustainable building investments Tenants’ engagement/education about best environmental practices and behavior	Have at least one fully operationally decarbonized building. On site PV installations on at least 50% of our office buildings and retail assets Life cycle assessments for our new builds or major retrofits Assessment and/or installation of energy management systems in existing office buildings Implementation of Power Purchase Agreements (PPAs) for our income producing retail and non-retail assets Reduction of material Scope 3 emission Renovation Projects / EPC improvements Improvement of waste management strategy alongside with availability of recycling in our office buildings and retail assets	Alignment with Greece’s 2050 Net Zero targets Further reduction of all of our Scope 3 emissions
Climate Resilient Infrastructure	Assess all material income generating assets against physical climate-related risks, in accordance with the TCFD.
Responsible portfolio management	Engage in sector appropriate sustainability rating schemes. Installation of solar PV systems in Mare West & BREEAM Recertification Sustainability Executive training Apply systematic trainings regarding health and safety. Sustainability training for all Noval Property’s employees 100% employees participate in trainings regarding Regulatory Compliance	Green lease clauses for new or renewed lease contracts Improve our sustainability ratings compared to the initial scoring. Certified assets with existing buildings with LEED Silver level or BREEAM Good level or EPC A	Integration of IoT solutions in our flagship buildings
Increased social wellbeing	0,35% of our 3-year average CAPEX spent to social prosperity actions		Increase of our CSR actions

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