ESG

Since 2021, Genesis Property has been committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labor, the environment, and anti-corruption, joining the over 19,000 organizations in over 160 countries around the world in their contribute to create a sustainable future.

Dr. Darren Allen, Healthy by Design Building Institute Director and Genesis Property Development Director:

"Creating a sustainable future is an undisputed necessity to which each of us must contribute. At Genesis Property, we are undertaking a long-term commitment to sustainable development and as a leader in the Romanian commercial real estate sector, we have a new and bold vision around the future of office buildings and workspaces. We are focusing on sustainable initiatives to create a healthy environment for the future and reduce environmental impact, and we are pleased to continue our mission as part of an impactful initiative such as the UN Global Compact.”

The Ten Principles of the

United Nations Global Compact

Human Rights

Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and

Principle 2: make sure that they are not complicit in human rights abuses.

Labour

Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;

Principle 4: the elimination of all forms of forced and compulsory labour;

Principle 5: the effective abolition of child labour; and

Principle 6: the elimination of discrimination in respect of employment and occupation.

Environment

Principle 7: Businesses should support a precautionary approach to environmental challenges;

Principle 8: undertake initiatives to promote greater environmental responsibility; and

Principle 9: encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption

Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.

Genesis Property decided to align its business strategy and operations to the sustainable development principles of the United Nations and, in the near future, will adopt a series of measures designed to support the global vision for sustainability in the local market, impacting people and the communities it is part of.

Our company aims to make Environmental, Social and Governance (ESG) principles the core of its activity and implement an efficient Environmental Management System that allows a better understanding of the direct environmental aspects and impacts within the scope of the system.

Genesis Property’s business strategy will accelerate the development of a sustainable real estate sector, with a key focus on energy efficiency and minimal environmental impact, in line with the UN Global Compact principles.

Our business parks and assets are operated so as to contribute to both significant environment improvement and an enhanced quality of life for the entire Genesis Property community, now and for future generations, aligned with the company’s commitment to achieve net-zero carbon emissions by 2040 through reuse, investment in renewable energy production and sustainable building management.

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