31 / 07 / 19 - 1 minute read
In 2016, the world generated just over two billion tons of solid waste. By 2050, that is expected to increase by 70% to 3.4 billion tons. Waste management is a topic that affects every single person across the globe; one that requires urgent action to improve our society.
The real estate sector plays a particularly important role. In the European Union, buildings account for almost a third of the total waste generated. One of the keys to driving meaningful improvements lies in gathering high-quality data about the waste being produced.
To this end, PATRIZIA is undertaking a comprehensive restructuring of the waste management processes across its German portfolio. An important part of this will see international facility manager APLEONA take over the coordination of the entire waste management.
“Maintaining an accurate overview of waste management is a difficult topic for real estate,” says Jörg Müller, Head of Asset Management ESG at PATRIZIA. “By centrally consolidating data and contracts for all our properties in Germany, we will have better control over recycling and gain a greater insight into how we can reduce waste. We also expect it to generate savings of between €300,000 and €500,000 per year.”
Scheduled to start in the second half of 2019, the restructuring is part of PATRIZIA’s wider environmental, social and governance (ESG) approach and ensures the company is comfortably aligned with the Global Real Estate Sustainability Benchmark (GRESB).
PATRIZIA’s efforts are also an industry first in Germany: according to ESG consultant EnviroSustain, PATRIZIA will be the first real estate company in Germany to achieve such a change across its entire portfolio.