BUWOG Group reduces CO2 emissions
(firmenpresse) - (DGAP-Media / 30.08.2012 / 10:18)
- Most important measures are conversion to renewable energy sources,
thermal rehabilitation and highest standards of efficiency in new
residential buildings
- Environmental protection measures also pay off for tenants
- BUWOG is one of the six partners of the klima:aktiv pact 2020
Vienna, 30 August 2012 - BUWOG Group, Austria's leading residential company
and a wholly owned subsidiary of the IMMOFINANZ Group, will make
environmental protection and the reduction of emissions a key issue of its
business activities in the coming years. The particular aim is to reduce
CO2 emissions by 13,000 tonnes per year. Thus BUWOG will be able to ensure
its pioneering role as an ecologically responsible residential building
company for the long term.
This extensive reduction of emissions will be made possible by the
combination of various measures in the management of existing properties
and construction of new housing. With existing properties the reductions
will be achieved primarily by converting residential complexes' existing
electric, gas and oil supplies to modern, energy-efficient district or
local heating systems as well as by thermal rehabilitation (facades,
attics, cellar ceilings). In residential construction only low-energy
housing or even more energy-efficient passive houses will be built. The aim
is the subsidised refurbishment of around 600 residential units to a low
energy standard and the construction of 500 new residential units per year.
The plan is for 100 percent of the subsidised new housing projects to
comply with the klima:aktiv building standard.
BUWOG is thus continuing the strategy of ecologisation it began pursuing
several years ago. In Carinthia, for example, numerous heating systems have
been replaced with biomass systems and in Vienna several passive houses
have been built. Moreover, Austria's first wood chip heating system in an
urban public housing complex has been installed, innovative uses for solar
energy tested (for ex. solar cells combined with a residential electric
filling station in the Aßmayergasse property), and since last year all of
the BUWOG/ESG Group's power demand has been met with green electricity.
This systematic focus on ecological targets has made it possible for BUWOG
as one of only six key Austrian companies to become a partner to the
'klima:aktiv pact 2020'. The relevant target agreements between the
Ministry of Environment and BUWOG were signed recently.
'For us environmental protection is such a central issue also because for a
housing company every investment in ecology and energy efficiency pays off
in full', Managing Director Gerhard Schuster explains. 'Every kilowatt hour
of energy saved not only means lower CO2 emissions, but also lower
operating costs for our tenants and flat owners. This means we don't have
to 'pay extra' for environmental protection, rather every measure helps
both our customers and the environment'.
The BUWOG Group is Austria's leading residential company with a portfolio
of more than 32,000 rental and freehold flats in around 1,200 properties.
With a construction volume of 500 to 700 new flats in greater Vienna per
year, it is also one of the most active residential builders in Austria.
On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies in Europe
and is included in the leading ATX index of the Vienna Stock Exchange.
Since its founding in 1990,the company has compiled a high-quality
property portfolio that now comprises more than 1,820 investment properties
with a carrying amount of approx. EUR 10.36 billion. The core business of
IMMOFINANZ Group covers the acquisition and management of investment
properties, the realisation of development projects and the sale of
objects. IMMOFINANZ Group concentrates its activities in the retail,
office, logistics and residential segments of eight regional core markets:
Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and
Russia. Further information under: www.immofinanz.com.
More information:
MEDIA REQUESTS
Thomas Brey
BUWOG Press Office
c/o LUSTIG+BREY
T +43 (1) 233 01 23 15
M +43 (676) 542 39 09
brey(at)lustigbrey.at
Sandra Bauer
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ AG
T +43 (0)5 7111 2292
M +43 (0)699 1685 7292
communications(at)immofinanz.com
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance&Investor Relations
IMMOFINANZ AG
T +43 (0)5 7111 2312
M +43 (0)699 1685 7312
investor(at)immofinanz.com
End of Media Release
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Issuer: IMMOFINANZ AG
Key word(s): Enterprise
30.08.2012 Dissemination of a Press Release, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 5 7111 - 2291
Fax: +43 (0) 5 7111 - 8291
E-mail: investor(at)immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Wien (Amtlicher Handel / Official Market)
End of News DGAP-Media
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183487 30.08.2012
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