Why are we moving ESG (“E“ for Environment, ”S“ for Social and “G“ for Governance) into the spotlight? Because it is an integral part of our green. smart. and more. strategy.
green. stands for measures in support of greening, meaning the redirection of the economy in line with the environment. Our primary focus is on timber construction as well as renewable energies and green building certification.
smart. expresses our commitment to intelligent buildings. With the use of sensors and automation, buildings can be adapted to meet the needs of users and, at the same time, operations can be made more efficient.
and more. means we tell stories with our buildings. This involves aesthetics, well-being and customer experience – a “more“ that is perceptible all over.
The efficient use of resources is an integral part of ongoing operations, as are social issues and adherence to compliance rules. UBM’s flagship projects, green building certifications and the activities evolving from the green. smart. and more. strategy reflect the requirements of the EU and create new opportunities for UBM. This starts with the acquisition, leads to the question of whether a project can be realised with wood construction and ends with the building’s CO2 footprint over its entire life cycle. In other words: ESG defines UBM’s entire value chain.
It is, therefore, only logical that we are also committed to integrating the UN Global Compact and its principles into our corporate strategy, our corporate culture and our daily business activities in order to support the UN Sustainable Development Goals. Our ESG report follows the recognised GRI standards issued by the Global Reporting Initiative. And UBM is also one of the first companies on the Vienna Stock Exchange to establish an ESG committee at the Supervisory Board level. And, in the end, we are especially proud that our new Supervisory Board‘s ESG committee is a first for UBM with its entirely female composition.
What‘s more, leading worldwide ESG rating agencies have confirmed UBM’s strong position on the topic of sustainability. We invite you to accompany us into a green. smart. and more. future.
UBM is committed to the United Nations Sustainable Development Goals (SDGs), which were adopted by all UN members in 2015 as the 2030 Agenda for Sustainable Development. Governments as well as companies are called upon to make a contribution to reaching these goals.
In connection with a materiality analysis and a risk and impact assessment, UBM dealt with the SDGs and the related sub-goals in detail and identified the goals where the company can make a direct contribution to the Agenda 2030.
Our actions are also based on the ten principles of the UN Global Compact. UBM joined this “Network of the Future“ in 2021. Moreover, UBM has been an official supporter of the Task Force on Climate-related Financial Disclosure (TCFD) since 2021, joining more than 4,000 organizations in demonstrating a commitment to safeguarding against climate risk and building a more resilient financial system through better disclosures. In 2024, our ambitious science-based climate targets have been validated by the Science Based Targets initiative: UBM commits to reduce scope 1 and scope 2 GHG emissions 42% by 2030 (from a 2022 base year), and to reach net-zero by 2050 (reduce scope 1+2+3 emissions 90% by 2050 from a 2022 base year and neutralizing the remaining emissions) to help keep global warming to 1.5°C.
An intensive dialogue with stakeholders is guaranteed and reinforced by UBM’s participation in various organisations and branch associations. The company has been a member of the Institute for Corporate Governance (ICG) since 2019 and contributes to the ICG’s social impact investment initiative. In addition, UBM is a member of respACT (Austrian Council for Sustainable Development), VÖPE (Association of Austrian Project Developers), ÖGNI (Austrian Sustainable Building Council) and the IG Lebenszyklus Bau, among others.