- Significant challenges faced by the German economy in 2023, including recession, high inflation, increasing interest rates, and high capital costs.
- Substantial setbacks in the real estate market due to rising building material prices, declining asset values, and persistently high energy costs.
- Tighter capital expenditure budget impacting the scope of action for sustainability initiatives.
- Rising rental costs and higher energy ancillary costs for tenants.
- Housing deficit in Germany projected to worsen.
Peach Property Group AG
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Peach Property Group AG disclosed greenhouse gas emissions of 46.7K tCO2e (2022). By scope: Scope 1: 34.7K tCO2e (2022); Scope 2: 12.0K tCO2e (2022); Scope 3: 9.0K tCO2e (2022). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
46.7K tCO2e (2022)
2023
Water Usage
2.3M m3 (2022)
2023
Waste
31.8K tons (2022)
2023
Energy Use
231.7M kWh (2022)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 34.7K tCO2e (2022) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 12.0K tCO2e (2022) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 9.0K tCO2e (2022) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 46.7K tCO2e (2022) |
| 2020 | 8.1K tCO2e (Scope 1 and 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 9 percent reduction in GHG intensity in 2022, reaching 29.4 kg CO2e/m2a. Factors like integrating the new Eagle portfolio and public energy conservation efforts contributed to this.
- Smart meters installed in approximately 50 percent of eligible apartments (previous year: approx. 37 percent).
- Replaced or modernized over 60 heating systems, and refurbished five roofs in 2023, securing funding for 11 of these projects.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Optimizing waste and water management.
- Increasing the proportion of electric vehicles to 75% of the fleet and optimizing waste management by 2025.
📅 Medium-term
- Reducing CO2 intensity to below 30 kg CO2e/m2a by 2030.
- Modernizing heating systems annually and upgrading low-efficiency buildings by 2030.
- Converting all oil-fired heating systems to lower-emission fuels by 2030.
🔭 Long-term
- Reducing CO2 intensity to below 10 kg CO2e/m2a by 2050.
- Achieving a climate-neutral real estate portfolio by 2050.
🌱 ESG Focus Areas
Climate protection and carbon emission reductionsSupply of affordable and sustainable living spacesEthical corporate governanceWell-being of tenants and employees