PRoperty

SUSTAINABLE RESIDENTIAL AND WORKPLACE ENVIRONMENTS

Stena Property works with long-term and sustainable property ownership, of which the company’s own concept Relationship Management® is an important component. In an environmental perspective, the focus is on energy, which is where the main environmental impact is found. A number of measures have been initiated to help achieve a 20 percent reduction in energy consumption by 2020.

Stena Property’s sustainability work is firmly rooted in the business concept of long-term ownership and development of attractive residential and commercial premises in good locations. Through its own Relationship Management® concept, the company develops sustainable residential and workplace environments. The purpose is to create involvement and increased responsibility among the tenants by giving them possibilities to influence their living environment. Increased well-being means fewer tenants moving in the long-term, reduced wear and tear, and higher-quality accommodation.

In concrete terms, Relationship Management® means that Stena Property engages in a number of projects and activities that provide safety, well-being and stability in the residential areas, with a focus on children and young people. The ideas often come from the tenants themselves and are based on cooperation with local organisations. Each property must be connected to at least one Relationship Management® project. At present, there are about 80 such projects and related activities in progress. Examples are summer jobs, homework help, arts and cultural activities, environmental stewards, planting days and “library in the laundrette”. There is a relationship manager in each location, and a comprehensive relationship management strategist was recently appointed to move Relationship Management® a step further.

Stena Property’s biggest environmental impact is the use of energy in the form of electricity, heating and hot water for homes and premises. The target is to reduce energy consumption by 20 percent between 2010 and 2020. To date, energy consumption from heating has been reduced by 7.4 percent, while electricity has fallen by 9.8 percent and water by 4.5 percent. The imple­mented measures are adapted based on the conditions of each property. Examples include switching to more energy-efficient heating systems, replacing windows, investing in new substations and ventilation systems, balancing and fine-tuning existing heating and ventilation systems, and introducing individual hot water metering in several locations. Stena Property only buys green electricity. It is also environmentally certified and all staff have undergone environmental training.

300 summer jobs for young people

Stena Property has previously offered summer jobs for young people on a limited scale. Within the framework of Relationship Management®, an extensive programme now enables more young people to gain useful work experience and helping to care for their neighbourhood. The goal is to provide 300 summer jobs per year for Stena Property’s young residents.

Smart solar power solutions

Stena Property has introduced solar power at several locations, and similar measures are planned for more areas. A 17 kW solar power plant has been installed on Fyrklöversgatan in Gothenburg, and will supply electricity to one of the laundrettes in the area. The estimated annual electricity production is 15,000 to 17,000 kWh, which covers or exceeds the existing energy needs. In Stockholm’s Ängby Park, solar panels are used to heat hot water in a newly built property. There is also an electric car charged with solar cells, which is leased to tenants on weekends and evenings, when not being used by the property landlord.

Sustainable new construction

Stena Property is currently investing in large-scale new construction. The target is 500 new residential units per year, all of which must be certified to silver level under the Swedish Green Building environmental classification system. New construction of commercial properties must also correspond to Green Building requirements. This means that energy consumption must be at least 25 percent lower than the new construction requirements under Swedish building regulations. In 2013 and 2014, two com­mercial properties were completed in Malmö and ­Gothenburg, both of them fulfilling these requirements, and others are in progress. Another property is certified under LEED’s highest level, Platinum. In Houston in the United States, Stena Property is building two large office buildings that will be certified to LEED Silver.

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LONG-TERM SUSTAINABLE INVESTMENTS