Environmental Responsibility

Citycon wants to lead the way and promote sustainable development in the shopping centre business.

Properties generate approximately 30 per cent of all greenhouse gas emissions worldwide, which is why the property business can also significantly contribute to the prevention and reduction of emissions. The best ways of cutting greenhouse gas emissions are to improve energy efficiency, to reduce energy consumption and to increase the use of renewable energy sources in energy production and procurement.

The built environment accounts for 40 per cent of energy consumption, 30 per cent of all material, 25 per cent of water consumption, 25 per cent of solid waste and 12 per cent of land use. (source: UNEP Common Carbon Metric) 

Why does Citycon operate in a responsible manner?

Citycon has made a strategic choice to pursue sustainable development. As a result f climate change and it's consequences, stricter regulation is expected in legislation on energy and emissions as well as taxation, and material costs are also expected to increase. Consumers are becoming increasingly eco-conscious, and both tenants and investors expect action in these matters. Furthermore, Citycon's strategic choices have been guided by the keen interest expressed by different stakeholder groups and their demands for operationalk transparency. Employees' appreciation concerning environmental, health and safety issues is growing. The main motivations for promoting sustainable development include cost-efficiency and competetive advantage.

Environmental Responsibility is presented in the Annual and Sustainability Report 2011.