Our contribution towards sustainability
QUEST Group is a signatory to the UN Principles of Responsible Investment and operates a holistic and long-term real estate management. Our team analyses the particular characteristics of a building, obtains building permits, solves complex structural engineering tasks and manages the letting of office and retail properties. In short: we manage all the stages of the value chain in close cooperation with authorities, municipalities, co-investors and tenants, as well as with renowned architects and engineering firms. Our aim, at all times, is to provide seamless project development in order to achieve a property that will retain its value over the long term.
As a project development and real estate investment company, we take our responsibility in each of these phases very seriously. We align our long-term climate strategy with the major European and German climate protection targets wherever this is possible and reasonable. Our shared endeavour is to limit the average global temperature increase to 1.5 degrees Celsius and to achieve a successful transition to a CO2-neutral economy.
What is our contribution towards the global climate goals?
Preserving buildings is part of QUEST’s DNA. This alone helps us avoid tonnes of emissions. We are renovators and modernisers and we regard properties as more than just raw materials with different façades and spaces to live, work and do business in. Buildings have their very own history – one that is often fascinating and yet forgotten. Our goal is to bring this history to the fore, to carefully integrate historical details into our plans and to future-proof the building with all its characteristics. In doing so, we always aim for a CO2-optimised modernisation process.
From an urban planning perspective, preserving existing properties does not always make sense. The few new construction projects we undertake are approached with respect and consideration – we are aware that buildings contribute towards the overall aesthetic image of a city for decades to come. We therefore aim to ensure that our buildings enhance the quality of life in their surroundings and that they play a lasting and constructive role in shaping urban development.
If demolition is necessary, we recycle old materials and thus contribute towards the circular economy. When constructing new buildings, we are open to using new materials such as environmentally friendly cement and ecological insulating materials; low-pollutant plaster and paints, photovoltaic plants and many green areas are also part of our LEED-certified concepts.
Forest investments to issue CO2 certificates
In 2020, the shareholders of QUEST Investment Partners started making international forest investments. They plan to acquire further areas with the aim of issuing CO2 certificates themselves. These can also be used to offset their own projects.
Climate strategy: avoid, reduce, offset
We have had our corporate carbon footprint analysed by an international service provider and reviewed the results with a team in order to develop targeted measures. Our climate strategy is based on three pillars: avoid, reduce, offset.
The analysis of our business activities has shown that business trips and commutes to the office by our employees cause by far the greatest emissions. In the future, we will therefore conduct more video conferences and fewer business trips, offer working from home as an option and use hybrid vehicles as company cars.
In addition, we have switched all offices to green electricity and introduced measures that reduce our energy and water consumption as well as our waste.
For 2020, we have offset greenhouse gas emissions related to our business operations and are climate neutral. To achieve this, we supported reforestation projects in Switzerland, Costa Rica and Borneo, among others. As Germany is our home market, we also invested in a regional forestry project.