Genesta Makes a SBTi Commitment to Reach Net-Zero Greenhouse Gas Emissions Across the Value Chain by 2045

Stockholm, Sweden 26/05/25

We’re proud to announce that our net-zero target have been officially validated by the Science Based Targets initiative (SBTi) - a key milestone in our long-term company strategy.

Genesta view the decarbonization of the built environment as critical to managing climate-related risks and unlocking long-term, risk-adjusted returns. Given real estate’s significant contribution to global emissions, we believe the industry has both a responsibility and a strategic opportunity to take bold, science-based action aligned with a net-zero future.

Our targets/commitments are focused on reducing emissions across the entire asset lifecycle, including:

  1. Target 1: In-Use Operational Emissions
    Reduce in-use operational GHG emissions (scope 1, 2 and 3) of owned and leased buildings 54,4 % by 2030 and 85,7 % per m2 by 2045 from a 2023 base year.
  2. Target 2: Upfront Embodied Emissions
    Reduce upfront embodied scope 3 GHG emissions of new buildings 41,8 % by 2030 and 94,6 % per m2 by 2045 from a 2023 base year.
  3. Target 3: In-Use Embodied Emissions
    Reduce Scope 3, Cat. 1 Purchased goods and services emissions 42 % by 2030 and 90 % by 2045 from a 2023 base year.
  4. Target 4: Additional Commitments
    Install no new fossil fuel equipment that are owned or financially controlled by the company in its portfolio from January 1st, 2030.

The three building-related emissions categories for which we now have validated near- and long-term targets accounted for 93 % of our baseline emissions in 2023. Reducing our impact within each of the three categories has been embedded into how we invest, manage, and future-proof our assets.

Sun

Looking Ahead

For the real estate market to effectively respond to climate challenges, carbon and energy data must be treated with the same weight and accessibility as financial data—it is integral to investment decision-making. Greater transparency, built on standardized metrics, is critical to enabling the market to identify, price, and drive demand for low-carbon buildings and portfolios.