Skip to main content
European Climate Pact

Overview

Location

Spain

Sector

Real estate

Organisation type
Business

Company Information

The Colonial Group is a real estate investment trust whose core business is the management of standing investments and the development of new construction and major renovation projects. The company is headquartered in Madrid, Spain and employs 165 people. Rental revenues reached €314m in 2021.*

*Source

Our progress towards decarbonization

 

GHG Emissions

North Star

  • Inmobiliaria Colonial has a target to reduce absolute scopes 1 and 2 CO2e emissions 50% by 2030 from a base year of 2018

Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Energy

Our actions – the Pathway

  • Inmobiliaria Colonial has a target to consume 70% of electricity from renewable sources by 2030 from a baseline of 22% renewable electricity consumption in 2018

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

North Star

  • Inmobiliaria Colonial have a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Buildings

Our actions – the Pathway

  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in buildings

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

Our actions – the Pathway

  • Have an ongoing and transparent dialogue with our value chain around climate-related issues
  • Have a supplier/customer engagement strategy to drive best practices in tackling environmental and climate-related issues

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022