sustain­ability

OUR GOALS

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)

environment

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
  • 2025 targets

    30,000 units cumulatively 2019-2025 addressing housing needs of underserved groups or rental that caters to people at or below median income

  • 2025 targets

    Reduce energy and CO2 intensity according to CRREM 1,5 degree pathway

  • 2025 targets

    100% green electricity

  • 2025 targets

    >30 MW new capacity of onsite renewables

  • 2025 targets

    100% new developments having a sustainability certification label

  • 2025 targets

    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

Project examples

People in a residential area

Norra Vitsippan

Net-zero energy residentials Read more here

Norra Vitsippan

Net-zero energy residentials Read more here

Geothermal pilot

Pioneering zero emission heating Read more here

Geothermal pilot

Pioneering zero emission heating Read more here

Resource Rows

Turning waste into new homes Read more here

Resource Rows

Turning waste into new homes Read more here

Upcycle Studios

Taking upcycling to the extreme Read more here

Upcycle Studios

Taking upcycling to the extreme Read more here