Green Bond Reporting
In September 2019, Zug Estates issued its first green bond. This made it the first listed real estate company in Switzerland to rely on this sustainable financing instrument. A second green bond of CHF 100 million followed in February 2022. As a result, the entire bond portfolio today consists of financing instruments geared towards sustainability. Also a novelty among the listed Swiss real estate companies.
Philipp Hodel
09. July 2024
In accordance with the green bond requirements, Zug Estates regularly publishes corresponding reporting. This consists of the two pillars Allocation Reporting and Impact Reporting:
Key figures of our green bonds
Allocation Reporting
The proceeds of the first green bond bond (2019-2025) will be used exclusively to refinance outstanding short-term loans in connection with the construction of three buildings on construction site 1 in the Suurstoffi site in Rotkreuz. The second Green Bond (2022-2029) was used to directly finance and refinance the entire Suurstoffi site.
Bond 2019-2025 Baufeld 1 | Bond 2022-2029 Suurstoffi site | |
Market value of funded projects | n/a | CHF 852.8 Mio. |
Total value of issue proceeds | CHF 100 Mio. | CHF 100 Mio. |
Share of allocated issue proceeds | 100% | 100% |
Impact Reporting
Zug Estates has set itself the goal of contributing to the reduction of CO2 emissions from real estate. For more than 10 years, the company has been developing, implementing and operating a portfolio of investment properties based on sustainable principles, the CO2 reduction path of which is almost zero since 2023. At each stage, relevant environmental, social and economic issues are taken into account.
All buildings on the Suurstoffi site are operated CO2-free. This is made possible by an energy system that was unique in Switzerland at the time of creation. An anergy network with heat pumps supplies all site buildings with CO2-free heating and cooling energy from the up to 280 meter deep geothermal probe fields under the area and thus uses the soil under the area as a natural heat or cold storage. On the roofs of the buildings of the Suurstoffi area and partly also the building facades, solar power systems are installed, as far as possible. When designing the Suurstoffi site, Zug Estates attached great importance to a green outdoor space design with a high level of biodiversity. Zug Estates attaches great importance to environmentally friendly mobility on the largely traffic-free Suurstoffi site. The social components of life on the site also receive a very high level of attention. The most important basis is the fact that the area is used in a mixed way, which combines living, work, leisure, health and education in one place. Construction site 1 is characterized by the currently tallest wooden high-rise in Switzerland.
Energie and emissions
Data collection: 1 October 2022 to 30 September 2023
Scope 1 and 2
Baufeld 1 | Suurstoffi site | |
Greenhouse gas emissions (CO2eq) | 881 kg | 3'701 kg |
Greenhouse gas emissions per m2 of energy reference area (CO2eq) | 0.03 kg | 0.02 kg |
Electricity consumption (general electricity and energy centre) | 1'109'745 kWh | 4'654'124 kWh |
Energy consumption (general electricity and energy centre) per m2 of energy reference area | 37.2 kWh | 30.3 kWh |
Scope 3
Greenhouse gas emissions (CO2eq) | 9'197 kg | 46'878 kg |
Greenhouse gas emissions per m2 of energy reference area (CO2eq) | 0.32 kg | 0.31 kg |
Energy consumption tenant electricity | 878'376 kWh | 4'618'972 kWh |
Energy consumption Tenant electricity per m2 of energy reference area | 30.7 kWh | 30.1 kWh |
Electricity generation
Electricity production of PV systems | 109 MWh | 1'068 MWh |
Further information on energy and emissions.
Water
Water intensity per m2 of rentable area | 285 Litre (0.285 m3) | 513 Litre (0.513 m3) |
Water supply | 7'211 m3 | 67'500 m3 |
Further information on the subject of water.
Biodiversity
Proportion of land certified by the Nature & Economy Foundation: 100%
Baufeld 1 | Suurstoffi site | |
Results | 26,000 plants (perennials and bulbs), 34 deciduous trees, 86 native and site-appropriate plants | Different elements such as high-quality perennial plantings, city and residential gardens, district park, garden high-rise or water areas promote biodiversity on various levels. |
Further information on biodiversity.
Materials
Wood has two decisive advantages compared to other building materials. On the one hand, the wood used binds greenhouse gases (CO2 sink). On the other hand, timber construction is less emission than conventional construction, as the production of building materials such as concrete or bricks, the reinforcements or the energy during disposal release CO2.
Baufeld 1 | Suurstoffi-Areal | |
Results | In construction site 1, 1,060 m³ of wood from Switzerland were used. The wood used saved around 1700 tons of CO2. | In the Suurstoffi, around 7200 m3 of wood were used in construction site 3, the S22 and on construction site 1. 33.2% of the rentable space is located in wood-hybrid buildings. |
Further information on materials.
The comprehensive sustainability reporting according to GRI standards can be found in the download section of this website.