SATO signs Property and Building Sector Energy Efficiency Agreement again

SATO signs Property and Building Sector Energy Efficiency Agreement again

ID: 500522

(Thomson Reuters ONE) -


SATO Corporation, Press Release, 14th October 2016 at 10.15 am


Action against climate change through energy savings


SATO has today signed the Finnish Property and Building Sector Energy Efficiency
Agreement and made a commitment to the Rental Housing Property Action Plan
(VAETS). The agreement covers the 2017-2025 period, and SATO has also been a
party to the preceding agreements aimed to achieve energy savings in the rental
property sector ever since the first one signed in 2002.


President and CEO Saku Sipola from SATO:

- SATO has had an environmental programme since 1999, and we've made a special
effort to achieve energy savings. During the latest Rental Housing Property
Action Plan period in 2009-2015, our cumulative heat savings totalled almost
155,000 megawatt hours. This is the same as the annual heat consumption of
around 300 apartment buildings. In water savings the corresponding figures are
more than 480,000 cubic metres or the consumption of 96 apartment buildings.

- Under the new Action Plan, SATO makes a commitment to reducing the total
combined heat and electricity energy consumption in our buildings by 10.5% from
the 2014 level by 2025. The stricter targets encourage us to continue our work
as forerunners in sustainability among Finnish and even Nordic and European
housing investment companies. In September we were awarded Green Star rating in
the Global Real Estate Sustainability Benchmark (GRESB) survey for the second
time in a row and were ranked as the best among Nordic housing investments
companies and the sixth-highest among European housing investment companies
attending the survey.

As well as being determined to achieve savings in the various energy forms, SATO
has also set a target for cuts in specific greenhouse gas emissions.



For more information please contact:





SATO Corporation
Saku Sipola, President and CEO
phone +358 201 34 4001 or +358 40 551 5953
Kimmo Ruokoniemi, Building Services Technology Manager
phone +358 201 34 4143 or +358 40 358 7131


To read more about SATO's environmental sustainability, visit www.sato.fi/env-
sustainability

To read more about the Rental Housing Property Action Plan, visit
www.energiatehokkuussopimukset2017-2025.fi/en/energy-efficiency-agreements/


SATO is one of Finland's leading rental housing providers. SATO's aim is to
offer comprehensive alternatives in rental housing and an excellent customer
experience. At the end of Q2/2016, SATO holds roughly 25,400 rental homes in
Finland's largest growth centres and in St Petersburg.

In our operations, we promote sustainable development and initiative-taking, and
work in open interaction with our stakeholders to create added value. We operate
profitably and with a long-term view. We increase the value of our housing
property through investments, divestments and repair work.

SATO Group's net sales in 2015 were ?323.4 million, operating profit ?196.5
million and profit before taxes ?159.4 million. SATO's investment properties
have a value of roughly 3.2 billion (Q2/2016).




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: SATO Oyj via GlobeNewswire




Weitere Infos zu dieser Pressemeldung:
Unternehmensinformation / Kurzprofil:
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Bereitgestellt von Benutzer: hugin
Datum: 14.10.2016 - 09:15 Uhr
Sprache: Deutsch
News-ID 500522
Anzahl Zeichen: 3856

contact information:
Town:

Helsinki



Kategorie:

Business News



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