SATO signs Property and Building Sector Energy Efficiency Agreement again

SATO Corporation, Press Release, 14th October 2016 at 10.15 am 

 
Action against climate change through energy savings

SATO has today signed the Finnish Property and Building Sector Energy Efficiency Agreement and made a commitment to the Rental Housing Property Action Plan (VAETS). The agreement covers the 2017-2025 period, and SATO has also been a party to the preceding agreements aimed to achieve energy savings in the rental property sector ever since the first one signed in 2002.

President and CEO Saku Sipola from SATO:

- SATO has had an environmental programme since 1999, and we've made a special effort to achieve energy savings. During the latest Rental Housing Property Action Plan period in 2009-2015, our cumulative heat savings totalled almost 155,000 megawatt hours. This is the same as the annual heat consumption of around 300 apartment buildings. In water savings the corresponding figures are more than 480,000 cubic metres or the consumption of 96 apartment buildings.

- Under the new Action Plan, SATO makes a commitment to reducing the total combined heat and electricity energy consumption in our buildings by 10.5% from the 2014 level by 2025. The stricter targets encourage us to continue our work as forerunners in sustainability among Finnish and even Nordic and European housing investment companies. In September we were awarded Green Star rating in the Global Real Estate Sustainability Benchmark (GRESB) survey for the second time in a row and were ranked as the best among Nordic housing investments companies and the sixth-highest among European housing investment companies attending the survey.

As well as being determined to achieve savings in the various energy forms, SATO has also set a target for cuts in specific greenhouse gas emissions.

For more information please contact:

SATO Corporation
Saku Sipola, President and CEO
phone [phone] or [phone]
Kimmo Ruokoniemi, Building Services Technology Manager
phone [phone] or [phone]

To read more about SATO's environmental sustainability, visit www.sato.fi/env-sustainability

To read more about the Rental Housing Property Action Plan, visit www.energiatehokkuussopimukset2017-2025.fi/en/energy-efficiency-agreements/

SATO is one of Finland's leading rental housing providers. SATO's aim is to offer comprehensive alternatives in rental housing and an excellent customer experience. At the end of Q2/2016, SATO holds roughly 25,400 rental homes in Finland's largest growth centres and in St Petersburg.

In our operations, we promote sustainable development and initiative-taking, and work in open interaction with our stakeholders to create added value. We operate profitably and with a long-term view. We increase the value of our housing property through investments, divestments and repair work.

SATO Group's net sales in 2015 were €323.4 million, operating profit €196.5 million and profit before taxes €159.4 million. SATO's investment properties have a value of roughly 3.2 billion (Q2/2016).

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Source: SATO Oyj via Globenewswire