Provide more people more economical and fulfilling ways of living
Address underserved needs with customer-friendly and community-centric products. (SDG 11.3, 11.6, 11.7)
Build environments that support physical, social and mental health. (SDG 3.4)
Decrease carbon and resource footprint
Innovate and optimise building design and materials. (SDG 12.2, 12.5, 12.8, 15.5, 15.A)
Ensure energy efficiency and increase renewables. (SDG 7.2, 7.3, 7.A)
Resilient strong long-term value and returns
Address systemic challenges.
Apply full life cycle economics and long-term approach to create better solutions.
“Impact is intentional and inherent to the core of what NREP is about. We believe that ‘making real estate better’ is a massive opportunity to enrich people’s lives and contribute to a more sustainable world. We also believe that it is an unrivalled opportunity for growth, stable returns and competitive advantage. We are purpose driven and see a moral imperative. In a laggard real estate industry that largely has been stuck in a short-term narrow view of value creation, we act on an opportunity to take a long-term holistic approach that reconceives customer needs, product solutions and stakeholder collaboration in a way that creates more economic value alongside more value for society.”
Claus Mathisen, CEO
30,000 units cumulatively 2019-2025 addressing housing needs of underserved groups or rental that caters to people at or below median income
Reduce energy and CO2 intensity according to CRREM 1,5 degree pathway
100% green electricity
>30 MW new capacity of onsite renewables
100% new developments having a sustainability certification label
100% of developments and major renovations undergo early stage LCA analysis
How does NREP make a difference?
When we ask ourselves how we contribute to our impact goals, we are seeking to understand our contributions to outcomes that would not have happened otherwise. Moving from ambitions to actions, NREP contributes to impact in three main ways:
• Identifying underserved systemic challenges and funding real estate addressing those challenges
• Innovation to introduce better solutions to the market and build better capabilities
• Put in the resources and operational excellence required to create outcomes that otherwise would not have happened
Task Force on Climate-related Financial Disclosures
In consideration of the real estate industry’s significant contribution to greenhouse gas emissions, our primary environmental sustainability objective is to decrease the embodied and operational carbon footprint of our buildings and play a forceful pro-active role to support the real estate industry’s progress at large in this regard. Complementing our climate change mitigation actions, NREP recognises the need for risk identification and risk adaptation with regards to the projected potential impacts of physical and transition risks on our properties.
We have established a road map to gradually improve our mitigation, adaptation and resilience measures to climate related risks and provide reporting in line with the recommendations of the Task Force on Climate-related Financial Disclosures (“TCFD”) by 2023.