FM newsroom – retail facility, sustainability. Allee Shopping Center in Budapest was assessed as one of the most sustainable shopping centres on the continent. Having secured a prestigious position in the Global Real Estate Sustainability Benchmark (GRESB), the mall serves as a blueprint for a greener, more sustainable future – Budapest Business Journal reports.
Commitment to sustainability
Multi Corporation, overseeing Allee’s operations since 2018, has demonstrated a considerable commitment to sustainability. This commitment is evident in the impressive score of 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 a reflection of the hard work and dedication towards environmental, social, and governance (ESG) initiatives. Since 2018, Allee’s GRESB rating has soared by over 100%. Significant progress in reducing greenhouse gas emissions and enhancing community engagement have been key factors in this evolution.
The focus on developing a net-zero carbon strategy and reevaluating water management practices shows Multi Corporation’s proactive approach towards environmental conservation. Investments in energy efficiency are not just business decisions; they are steps towards a sustainable future.
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 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 centre’s initiatives like the installation of free automated bottle fillers resonate with a modern, eco-conscious clientele.
That Allee managed to rise to the top of the GRESB rankings serves as a great example for the future of retail places in Hungary.
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 centre overall obtained an ‘excellent’ rating in terms of asset performance.
Photo: Multi Corporation