2022 Sustainability Report: One United Properties restoration portfolio to reach estimated EUR 189 mln upon completion

One United Properties (BVB:ONE), the leading green developer and investor in residential, mixed-use, and office real estate in Romania, publishes its Sustainability Report for 2022. The report highlights the company's progress in key sustainability areas, covering vast environmental, social, and governance aspects.

"2022 marked a pivotal chapter in our journey towards a sustainable future. Strengthening our ESG performance remained a top priority, as we took significant strides in fortifying our commitment to ESG aspects. Notably, we introduced a robust Whistleblowing policy and a comprehensive Remuneration policy, fostering a culture of transparency and accountability across the organization. As advocates of fairness, we diligently incorporated gender pay gap data and the annual total compensation ratio in this year's sustainability report, a testament to our unwavering dedication to equitable practices. In March 2023, we proudly unveiled our inaugural remuneration report for 2022, reinforcing our pledge to full transparency and openness for all our stakeholders. Looking ahead to 2023, we are resolute in our resolve to further enhance our efforts, reaffirming our strong commitment to all our stakeholders," said Victor Capitanu, co-CEO of One United Properties.

As of December 31, 2022, One United Properties had 5,692 residential units and 34.5K GLA of office space under development. In 2022, One United Properties expanded efforts in landmark restoration, with two new acquisitions - One Downtown, (including the former Hotel Muntenia), and One Plaza Athénée. In total, the Gross Development Value for the restoration portfolio, that also includes One Gallery and One Athénée, is estimated at EUR 189 million.

“From our annual materiality matrix analysis, it has become clear that environmental aspects continue to be a major concern for our stakeholders. In recognition of this concern, we have enhanced this year's report with detailed environmental information. For the first time, we are disclosing our Scope 1 and 2 greenhouse gas emissions, providing a comprehensive perspective on emissions from our office and residential portfolios, as well as Scope 3 emissions for the office portfolio, therefore increasing the accountability towards all the stakeholders," said Andrei Diaconescu, co-CEO of One United Properties.

In 2022, the Company for the first time measured its CO2 footprint, with purpose of implementing robust annual monitoring and reduction efforts. Consequently, for 2022, One United Properties generated 28.38 tons of CO2 equivalent under scope 1 emissions and 13,212 tons of CO2 equivalent under scope 2 emissions. Moreover, for the office developments, the company measured the scope 3 emissions which amounted to 522 tons of CO2 equivalent.