SATO Corporation, Press Release, 9th September 2016 at 9:15 am
Ranked first among Nordic unlisted housing investment companies
SATO's sustainability programme has achieved a Green Star in Global Real Estate Sustainability Benchmark (GRESB) for second time in a row.
In its peer group, unlisted housing investment companies, SATO was ranked the best among five Nordic, and sixth-highest among twenty-four European housing investment companies. At the global level SATO was the ninth-best among the 65 participating housing investment companies.
Head of Sustainability Kati Kniivilä from SATO:
- A successful sustainability programme for us as a rental housing provider requires long-term actions especially on reducing emissions, standardization of reporting, and engaging our customers to make sustainable choices. For example we use wind powered electricity in our buildings, we do our sustainability reporting according to the GRI guidelines, and we encourage our residents to ecological thinking i.e. with an annual water saving contest.
- Looking at the GRESB results we can happily state that we have done good work. Our overall score increased from last year, and we scored exceptionally well on the sustainability management as well as on our policies and disclosure. According to the review we monitor the fulfilment of sustainability comprehensively, and our way of engaging for example our customers and personnel was reviewed markedly higher than the peer average score.
- As the stakeholders' interest on the sustainability policies of corporations continues to grow, we want to evolve to be an even more responsible housing provider.
The results of the 2016 GRESB Report are based on sustainability data collected from 733 property companies.
To read more about GRESB visit: www.gresb.com (http://www.gresb.com)
For more information please contact:
SATO Corporation
Kati Kniivilä, Head of Sustainability, phone +358 201 34 4106 or +358 40 518 6931
www.sato.fi (http://www.sato.fi/)
SATO is one of Finland's leading rental housing providers. SATO's aim is to offer comprehensive alternatives in rental housing and an excellent customer experience. At the end of Q2/2016, SATO holds roughly 25,400 rental homes in Finland's largest growth centres and in St Petersburg.
In our operations, we promote sustainable development and initiative-taking, and work in open interaction with our stakeholders to create added value. We operate profitably and with a long-term view. We increase the value of our housing property through investments, divestments and repair work.
SATO Group's net sales in 2015 were €323.4 million, operating profit €196.5 million and profit before taxes €159.4 million. SATO's investment properties have a value of roughly 3.2 billion (Q2/2016).
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SATO Oyj via Globenewswire
