Noval Property announces the release of its first Task Force on Climate-Related Financial Disclosures (TCFD) report. This report marks a significant achievement in our ongoing commitment to transparency, responsible business practices, and environmental stewardship.
The TCFD report describes a comprehensive overview of Noval Property’s approach to managing climate-related risks and opportunities in accordance with global best practices. The report details key strategies, initiatives, and performance metrics related to the impacts of climate change on our operations.
Highlights of the TCFD report include:
- Risk Assessment: Processes for identifying, assessing, and managing climate-related risks.
- Opportunities: Identification of business opportunities arising from the transition to a more sustainable and bioclimatic building stock, showcasing our proactive stance towards sustainable practices.
- Governance: Insight into the governance structure and procedures in place to monitor and oversee climate-related issues.
This TFCD report underscores our dedication to sustainability and our role in contributing to a more sustainable future.
We invite everyone to review the report, available on our website https://noval-property.com/ekthesi-tcfd/ .
Athens, 22 December 2023
About Noval Property
Noval Property is the second largest Greek REIC. The investment property portfolio of Noval Property, which comprises 62 properties (1 through a participation in a real estate company) mostly in Greece and selectively in Bulgaria, includes office buildings, shopping centres, hospitality assets and warehouses of total built area of approx. 470.000 sq.m.. The fair value of the investment property and participations portfolio amounted to EUR 516 million as of 30.06.2023. Noval Property is a subsidiary of Viohalco in the real estate sector.
For more information, you may visit our web site www.noval-property.com