Potential offtaker

Inmobiliaria Colonial, SOCIMI, S.A.

www.inmocolonial.com

Estimated electricity consumption

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Countries of production presence

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Inmobiliaria Colonial, SOCIMI, S.A. is a Spanish company that operates in the Office REIT sector. The company was founded in 1946 and has since become one of the leading real estate companies in Spain. Inmobiliaria Colonial specializes in the acquisition, development, and management of high-quality office buildings in prime locations in Madrid, Barcelona, and Paris.

In recent years, Inmobiliaria Colonial has been at the forefront of the decarbonisation movement, focusing on reducing its carbon footprint and promoting sustainable practices across its operations. The company has made significant investments in renewable energy and energy efficiency measures, including the installation of solar panels and the implementation of energy-efficient lighting and HVAC systems in its buildings.

One of the key initiatives that Inmobiliaria Colonial has undertaken to reduce its carbon footprint is the implementation of corporate PPAs (Power Purchase Agreements). These agreements allow the company to purchase renewable energy directly from renewable energy providers, which helps to reduce its reliance on fossil fuels and lower its carbon emissions. In 2019, Inmobiliaria Colonial signed a corporate PPA for the purchase of 80 GWh of renewable energy per year, which is equivalent to the electricity consumption of approximately 20,000 households.

In addition to its focus on renewable energy and energy efficiency, Inmobiliaria Colonial has also implemented a range of other sustainability initiatives. The company has set ambitious targets to reduce its carbon emissions, water consumption, and waste generation, and has implemented a range of measures to achieve these targets. These measures include the use of sustainable materials in its buildings, the implementation of waste reduction and recycling programs, and the promotion of sustainable transport options for its employees.

Inmobiliaria Colonial has also been recognized for its sustainability efforts by a range of organizations. In 2020, the company was included in the Dow Jones Sustainability Index (DJSI) for the third consecutive year, which recognizes companies that demonstrate leadership in sustainability. In addition, the company has been awarded a range of certifications for its sustainability efforts, including ISO 14001 for environmental management and ISO 50001 for energy management.

In terms of its corporate energy strategy, Inmobiliaria Colonial has set ambitious targets to reduce its carbon emissions and increase its use of renewable energy. The company has committed to reducing its carbon emissions by 50% by 2030, and to achieving net-zero carbon emissions by 2050. To achieve these targets, the company has implemented a range of measures, including the installation of renewable energy systems, the implementation of energy-efficient technologies, and the promotion of sustainable transport options for its employees.

Inmobiliaria Colonial's focus on sustainability and decarbonisation is not only good for the environment, but it also makes good business sense. As more companies and investors prioritize sustainability, Inmobiliaria Colonial's sustainable practices and focus on renewable energy will help to attract tenants and investors who are looking for environmentally responsible real estate options.

In conclusion, Inmobiliaria Colonial, SOCIMI, S.A. is a leading real estate company in Spain that operates in the Office REIT sector. The company has made significant investments in renewable energy and energy efficiency measures, including the implementation of corporate PPAs and the installation of solar panels. In addition, the company has set ambitious targets to reduce its carbon emissions and increase its use of renewable energy, and has been recognized for its sustainability efforts by a range of organizations. Inmobiliaria Colonial's focus on sustainability and decarbonisation is not only good for the environment, but it also makes good business sense, as it helps to attract tenants and investors who are looking for environmentally responsible real estate options.