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Indotek Group reduced carbon emissions by nearly 600 tonnes in 2021

Sustainability

In the last two years, Indotek Group, one of Hungary's leading real estate investment management groups, has launched almost 16 energy efficiency investments worth a total of half a billion HUF, reducing the annual carbon dioxide emissions of its properties by 600 tonnes through sustainability improvements, according to a press release sent to the Budapest Business Journal.

The group has carried out interior and exterior renovations of its 20-25-year-old shopping centers and office buildings, mainly involving building services and lighting retrofits and improvements to reduce energy consumption to maintain internal comfort levels. In several buildings, the boilers and heating systems were replaced and the lighting fixtures were replaced with LED technology.
 
The energy efficiency projects, with a total value of around half a billion forints, will save around 220,000 cubic meters of natural gas and 673 megawatt hours of electricity per year, equivalent to the total annual gas consumption of 80-100 average Hungarian households and the annual electricity consumption of 300 families. The developments will save the Earth's atmosphere from emitting 600 tonnes of carbon dioxide per year, equivalent to the annual carbon neutralization of a forest of 24,000 trees, according to the press release.
 
The energy efficiency investments have affected several buildings in Indotek Group's real estate and retail portfolio, including the Duna, Csepel, Nyír and Sopron Plazas, as well as the Infopark A and E buildings, the office building at Váci út 114, the IBS building and the Kocka Office Building.

A total of 25 modernization and renovation programs are currently in the preparatory phase.
 
"Over the past two years, our Ggoup has significantly reduced its ecological footprint. This is perfectly illustrated by the fact that the annual reduction of almost 600 tonnes of carbon dioxide emissions is equivalent to planting around 24,000 trees, as a tree of average age and condition extracts or sequesters roughly 25 kilograms of carbon dioxide in a year. Indotek Group is increasingly focusing on mainstreaming sustainability into its operations, and this approach is reflected in our renovation programs and operations," added Marcell Pintyőke, marketing manager of the Indotek Group.

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