SUSTAINABILITY REPORT 2024 ACCORDING TO GRI

Zug Estates creates added value by building, operating and continuously developing future-proof, diverse living spaces. In developing them we rely on sustainable principles and criterias from across the ESG spectrum.

From the outset, our main goal is to systematically reduce greenhouse gas emissions. Since 2021 these have remained between 0.9 and 1.1 kg CO2eq per m2 energy reference area (Scopes 1 and 2) for the operation of our entire portfolio and thus well below the industry average.  We expect emissions to remain at this very low level in the coming years.

Green Finance

In 2019, Zug Estates was the first listed real estate company in Switzerland to issue a green bond. What was at the time a market trailblazer is now standard. Fact is, the market for green finance has seen strong growth since then; indeed, Zug Estates added additional green bonds in 2022 and 2024. The value of all three bonds now stands at CHF 300 million, with the Zug Estates bond portfolio consisting exclusively of green bonds.

OUR PROMISE

Development of living environments

We create attractive living environments that have a wide range of uses and offer extremely pleasant experiences.

Energy and emissions

Our zero-zero strategy is aimed at achieving 100% carbon-free operation with energy from renewable sources in the region.

Materials

We promote the circular economy through forward-looking planning and the clever use of construction materials.

Economic success

We incorporate sustainability-related topics into our value chain to safeguard our company’s long-term profitability.

Innovation

We rely on innovations that help us increase the quality of our products and services, optimise our processes and reduce our resource consumption.

REDUCTION PATH

We have reduced our greenhouse gas emissions from 17.3 kg to the current level of 0.9 kg per square metre of energy reference area since 2010.

MATERIALITY MATRIX

The materiality assessment reveals the most relevant ESG topics at Zug Estates.

SUSTAINABLE JOURNEY

We develop our properties in line with sustainable principles – and have been doing so for more than ten years now. During this time, we have set the tone across all of Switzerland and consistently followed up our words with deeds.

Grand opening of City Garden Hotel: Zug Estates’ first wooden building

June 2010

Completion of Central Switzerland’s largest wood construction project

July 2018

Start of the private consumption community at the Suurstoffi site

September 2019

Grand opening of the tallest wooden high-rise in Switzerland

November 2019

Connection of the Metalli complex to the Circulago lake water district

June 2020

Issue of a second green bond for CHF 100 million

June 2022

Commissioning of the first photovoltaic system in the city center site / Metalli

December 2022

Co-signing of the Reuse-Oriented Construction Charter

March 2024

Placement of a third green bond for CHF 100 million

August 2024

Start of construction work on S43/45 to complete the Suurstoffi site

Social topics are a vital component of our sustainability strategy

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