Allee Shopping Center GRESB ESG Rating, Affirmed as One of Europe's Most Sustainable Retail Destinations

Sustainability

Allee Shopping Center in Budapest was assessed as one of the most sustainable shopping centers on the continent. Having secured a prestigious position in the Global Real Estate Sustainability Benchmark (GRESB), the mall is not just a shopping destination, but also a place that serves as a blueprint for a greener, more sustainable future.

Multi Corporation, overseeing Allee's operations since 2018, has demonstrated a considerable commitment to sustainability. This commitment is evident in the impressive score 90 out of 100 in the 2023 GRESB rating, by outperforming its peers' and positioning Allee as one of the leading sustainable retail destinations. This achievement is not a mere accolade but a reflection of the hard work and dedication towards environmental, social, and governance (ESG) initiatives.

The journey of Allee towards sustainability is a story of continuous improvement. Since 2018, Allee's GRESB rating has soared by over 100%, a testament to the effective strategies implemented by Multi Corporation. Significant progress in reducing greenhouse gas emissions and enhancing community engagement have been key factors in this remarkable evolution.

Moving Towards a Sustainable Future

Multi Corporation's commitment in Hungary extends beyond mere compliance. The focus on developing a net-zero carbon strategy and reevaluating water management practices shows a proactive approach towards environmental conservation. Investments in energy efficiency are not just business decisions; they are steps towards a sustainable future.

GRESB's role in this journey cannot be overstated. Providing a rigorous framework and methodology, GRESB ensures that sustainability scores are not just numbers but a true reflection of an entity's commitment to ESG principles. This framework aligns with global initiatives like the Sustainable Development Goals and the Paris Climate Agreement, making it a globally recognized standard.

A Multifaceted Approach

Moreover, Allee's approach to sustainability is multifaceted. It's not just about technological advancements but also about making a tangible impact on customers and the community. The expansion of green spaces, including the remarkable 65 sqm oxygen-producing wall, and the 12,000 sqm of lush greenery, demonstrate Allee's dedication to creating a healthier, more vibrant environment.

In addition, the shopping center's initiatives like the installation of free automated bottle fillers resonate with a modern, eco-conscious clientele. These efforts not only reduce plastic waste but also foster a culture of environmental responsibility among visitors.

It is no wonder, with efforts like this, that Allee managed to rise to the top of the GRESB rankings. However, rising up the sustainability chart is not just an achievement, as it can also serve as a great example for the future of retail places in Hungary and beyond. It shows that with dedication, innovation, and a genuine commitment to ESG principles, businesses can positively impact people's lives. Allee is not just a shopping center; it's a destination with a conscience, leading the way towards a greener, more sustainable future for all.

Multi Corporation received an "outstanding" rating from BREEAM-In-Use for its building management of Allee Center at its latest assessment. It is the first shopping mall in Hungary to ever receive an "outstanding" rating from BREEAM. The shopping center overall obtained an 'excellent' rating in terms of asset performance.

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