We prepared the first ESG report and strategy for Urbanity Real Estate Group

Urbanity has focused on development that is both environmentally and socially sustainable since its inception. This year, for the first time, it has verified its direction with an ESG report for 2022, which was  prepared for it together with an ESG strategy by experts from Frank Bold Advisory.

ESG data reporting is increasingly required by financial institutions and corporate customers. At the same time, it is a way to better monitor and manage the performance of companies using data. Last but not least, the requirements of European legislation that companies have to comply with are becoming more stringent. In addition, reporting sustainability data to EU standards will soon be mandatory for all companies affected by the CSRD. Not sure if and how the directive will affect your company? We would be happy to discuss this with you in a consultation.

"While the CSRD does not require firms to adopt specific targets or measures, for material issues firms should address specific targets and commitments, as they will be asked by investors and banks and as significant impacts may pose a risk to the firm going forward," says David Janků, reporting consultant at Frank Bold Advisory.

The basis for Urbanity's first ESG report was the creation of an ESG strategy, which enabled the introduction of measurable criteria into the operation of the entire property group and the setting of milestones for the next period. "Our advantage is that we have integrated ESG principles directly into our long-term business strategy, so the values it brings are not new to us. We build on brownfield sites, sustainably and to a very high technical and architectural standard, we incorporate elements of renewable energy into our operations over the long term, and we work very closely with local communities, " explains Roland Hofman, CEO of Urbanity.

The primary focus of the ESG report is on climate change impacts and mitigation. The data covers, for example, the energy performance of buildings, including the efficiency of the technologies used, the management of drinking, rain and waste water, landscape planting, greenery and biodiversity.

"It is a common mistake that companies focus on CSR activities, philanthropic projects, sponsorship or volunteering in their reports and neglect the impacts that the company's activities cause, contribute to or are linked to by business relationships. A focus on CSR is of course welcome, it is just not covered by EU ESG standards. They require companies to focus on their real impacts, " says Filip Gregor, Head of Frank Bold Advisory and member of the EFRAG Sustainability Reporting Board.

Get ahead with ESG reporting

We help companies to prepare ESG reporting according to the new European legislation, thus obtaining key data for their clients, business partners and financial institutions.