Globalworth, leading office investor in Central and Eastern Europe (CEE) and the leader of the Romanian office market, scientifically validated its climate target by the Science Based Target initiative (SBTi) to be in line with the Paris Agreement on cutting carbon emissions and limiting global warming.

Globalworth analyzed its performance over 3 years and set its environmental target of reducing its GHG emissions intensity by +40% by 2030 compared to its baseline 2019 levels (for Scope 1 and 2), and it committed to measuring and reducing Scope 3 too. These targets were approved and validated by the internationally recognized Science Based Target initiative (SBTi).

The SBTi is an international partnership between the CDP, the United Nations Global Compact, World Resources Institute and the Worldwide Fund for Nature, aiming at helping companies set science-based targets for reducing greenhouse gas emissions in line with the goals of the Paris Agreement to limit global warming to well below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C.

“At Globalworth, since the inception of the Group, we have been focusing on providing our business partners with high-quality spaces that are sustainable, technologically advanced, and custom fitted to their needs while at the same time ensuring that these spaces have a positive influence on the communities that we live and operate in. With c.90% of our standing commercial properties environmentally certified and c.98% of the energy used in our portfolio from renewable sources at the end of 2022, we consider our 2030 and SBTi-validated GHC emissions reduction target as the next step in our sustainable development strategy”, stated Stamatis Sapkas, CFO of Globalworth Group.