- Supply chain data unavailability at a lower level
- Incompleteness and inaccuracy of data presented
- Non-compliance with minimum legal and regulatory requirements
- Non-compliance with ESG expectations of key business partners and clients
- High carbon intensity of the construction industry
- Limited ability to use alternative, low-emission materials and technologies
- Slow development of energy demand reduction technologies
- Lack of suitable plots of land to buy
- Difficulties in administrative procedures for large areas
- Growing client expectations regarding climate impact
Echo Investment S.A.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Echo Investment S.A. disclosed greenhouse gas emissions of 81.8K tCO2e (market-based) / 83424.10 tCO2e (location-based). By scope: Scope 1: 916.2 tCO2e/year; Scope 2: 2.2K tCO2e/year (market-based) / 3775.12 tCO2e/year (location-based); Scope 3: 78.7K tCO2e/year. 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
81.8K tCO2e (market-based) / 83424.10 tCO2e (location-based)
2023
Renewable Energy
17%
of total energy
Water Usage
38.1K m3/year (own offices and construction sites)
2023
Waste
14.7K tons/year
2023
Energy Use
10.1K MWh/year
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). | 916.2 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 2.2K tCO2e/year (market-based) / 3775.12 tCO2e/year (location-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 78.7K tCO2e/year |
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 | 81.8K tCO2e (market-based) / 83424.10 tCO2e (location-based) |
| 2022 | 4.9M tCO2e (market-based); 6318070 tCO2e (location-based) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 1 and 2 carbon footprint by 35 percent
- First-time reporting of Scope 3 carbon footprint
- 100 percent green electricity in buildings used for the Group's own needs (headquarters) from 2023
- Implemented tree protection guidelines at construction sites
- Planted 428 trees, exceeding the number of trees removed
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption and reuse
- Achieve 70% waste segregation at construction sites by 2024
- Reduce gender pay gap to no more than 10 p.p. by 2024
- Implement a system to measure employee satisfaction at construction sites
📅 Medium-term
- By 2026: Maximum 10 unused leave days on average per employee. Minimum 40% women on each Supervisory Board or 33% combined on Supervisory and Management Boards.
- By 2026: 100% green electricity in CitySpace offices and at construction sites.
- By 2030: 50% of projects will be 'destinations' projects.
🔭 Long-term
- By 2030: All new buildings zero-emission at the operation stage.
- By 2030: Zero fatal accidents at construction sites.
- By 2030: Gender pay gap no higher than 5 p.p.
🌱 ESG Focus Areas
Climate changeWater and marine resourcesBiodiversity and ecosystemsResource use and circular economyOwn workforceWorkers in the value chainAffected communitiesConsumers and end-usersBusiness conduct culture