7R publishes its ESG report and sets its goals for 2022–2025

7R, a Polish developer specializing in the provision of innovative and eco-friendly warehouse and industrial space, has published its first ESG report, setting sustainability goals for the company through 2025. The priority remains striving for the company’s climate neutrality and supporting customers in this regard. 7R declares that ESG is the foundation of its operations and is embedded in its long-term strategy to increase the value of both the company itself and its products, benefiting tenants, investors, local communities, and employees.

In 2021, 7R delivered 400,000 square meters of certified space. During this time, the company, in collaboration with investment funds, sold 17 projects for a total of €400 million. The portfolio of properties managed by 7R has also grown and currently exceeds 1 million sq m. Approximately 570,000 sq m of warehouse and industrial space is currently under construction. Among 7R’s priorities, alongside values such as innovation, quality, and future technologies, is conducting business in accordance with the principles of sustainable development.

7R’s ESG strategy for 2022–2025 will be based on three strategic pillars: striving for climate neutrality, supporting local communities and employee development, and operating in accordance with established corporate governance principles.

Working Together Toward Climate Neutrality

7R provides tenants with innovative solutions that reduce energy consumption and carbon emissions, while also protecting biodiversity by improving the efficiency of waste and resource management within a circular economy.

7R offers its clients a range of innovative solutions, such as photovoltaic panels, enhanced wall and roof insulation, LED lighting, and an energy management system—these provide tangible benefits both for the environment (reduced CO2 emissions) and for tenants, in the form of lower building operating costs. Analyses conducted by 7R for a 20,000-square-meter warehouse facility show that the building’s energy consumption is reduced by up to 50 percent. Meanwhile, electric vehicle chargers, landscaping, flower meadows, and green roofs help reduce carbon dioxide emissions by approximately 381 tons per year.

In its report, 7R states that by 2023 it will develop a decarbonization plan in accordance with the SBTi methodology, and that all of the developer’s warehouses will be BREEAM-certified at a level of at least “Very Good.”

For employees and neighbors

In line with its social responsibility goals, 7R is involved in a number of initiatives designed to foster good neighborly relations with local communities. Some of the developer’s investments include, among other things, the construction of additional roads used by residents and the renovation of existing transportation routes. The company also supports local sports teams and young artists through the 7R Warehouse of Art initiative.

A reliable business partner

7R operates in accordance with corporate governance policies and procedures that govern internal company relations and represent the company’s value chain. In response to the growing expectations of foreign investors and customers, these policies and procedures will be aligned with international management standards. In 2021, the developer adopted a Code of Good Practices, which defines key business values and principles of ethical business conduct.

In the published report, 7R commits to regularly monitoring progress in implementing the policy and analyzing potential risks in this area. A strategic planning session is scheduled once a year, during which ESG commitments will be reviewed based on an analysis of the current socio-economic situation.

In preparing this report, 7R collaborated with Deloitte. Deloitte participated in the preparation of the ESG report in an advisory capacity (regarding the implementation of global GRI standards).