Atenor Developing on 4 ESG Pillars

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Belgian real estate developer Atenor is present in 10 countries in Europe, including, since 2008, Hungary. A leading “campus developer,” it builds sustainable office and residential schemes that stand the test of time, blend into the city, and enrich the surroundings with landscaped community spaces and a wide range of services.

The 4 Pillars of sustainable development on which Atenor has based its sustainable transition are:

1) Economic resilience;

2) Environmental contribution;

3) Social impact; and

4) Extended governance.

The company, listed on the Brussels Euronext Stock Exchange, obtained a CO2-neutrality certificate in 2021 and, in March 2022, successfully issued green retail bonds for its investors. It has been recognized as a sector leader, rated with a five-star score by the Global Real Estate Sustainability Benchmark.

In 2008, Atenor became the first to develop a green office building in Budapest. The company contributes to making cities more livable by minimizing local pollution and using technologies that effectively combat climate change. 100% of Atenor’s commercial projects across Europe are Breeam “Excellent”-certified. Indeed, it was the first company to obtain the sustainability rating in Hungary with its Váci Greens office complex projects.

In 2020, the developer became the first to achieve for Access4You “Gold” certification with office projects in Budapest. The system aims to encourage the development of an accessible environment, as people with special needs – wheelchair users, people with restricted mobility, audio-visual disabilities, or cognitive impairment – represent 15% of society.

Human-centered design is one of the pillars of Atenor’s corporate culture, developing environmentally-conscious investments that are in sync with the city and serve the comfort and well-being of the people using the property.

Reviving and beautifying urban neighborhoods, transforming old industrial wastelands into mixed and sustainable communities, ensuring the well-being of citizens, and respecting diversity all guide Atenor’s societal approach.

The developer constantly seeks ways to improve its environmental contribution and social impact. Atenor strives to add value to lives and work spaces, ensuring well-being, comfort, accessibility, and safety for its occupants and the communities in which it operates.

Through the development of its projects, its corporate policy, and its ESG strategy, Atenor commits to the climate mitigation objective of the European Green Deal. The firm issued its first Sustainability Report (for 2021) in 2022. This annual assessment will provide stakeholders and the general public with information on all the ESG aspects of its core activity and organizational structure.


This article was first published in the Budapest Business Journal print issue of February 10, 2023.

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