DEMIRE Publishes EPRA Sustainability Report for 2023 – Company's CO² Emissions Significantly Lowered

DEMIRE Deutsche Mittelstand Real Estate AG has announced a 39% reduction in corporate emissions since 2022, as revealed in its third sustainability report. The report outlines various measures undertaken to achieve this, including initiatives within the real estate portfolio and internal company changes. Tim Brückner, CFO of DEMIRE, emphasized the company's commitment to sustainability and the importance of these efforts for future generations.

In 2023, DEMIRE focused on reducing emissions from office use, staff commutes, and business trips. The company successfully lowered its CO² emissions to 59.5t, primarily through increased use of public transport by employees and low-emission transportation for business trips. Energy consumption in DEMIRE's real estate portfolio decreased by 11.1%, although water consumption and waste production saw increases due to higher usage post-pandemic.

DEMIRE is integrating decarbonization into its asset management strategy by producing property-specific CO² balance sheets and conducting energy audits. Future plans include the introduction of smart metering, "Green Lease" clauses, and expansion of EV charging stations and photovoltaic systems.

Brückner affirmed DEMIRE's dedication to the Paris Climate Treaty targets and expressed pride in the company's rapid progress. Despite current achievements, he acknowledged the long-term nature of transforming existing buildings towards sustainability.

The report complies with the EPRA Sustainability Best Practices Recommendations and has been verified by an independent auditor.