News Article Capital Park ESG green energy Poland sustainability taxonomy Warsaw
by Property Forum | Investment

Capital Park Group has started to power its investment projects exclusively with energy from renewable sources. As of January 2024, Norblin Factory, Royal Wilanów and two Vis à Vis street malls use 100% green energy. The total area of all projects powered by RES is more than 110,000 sqm. The energy supplier is Enefit. The Westbridge Advisory team advised Capital Park in the procurement process.

“We are aware of the growing importance of environmental objectives in business and the impact of real estate projects on the environment. Our commitment to using only green energy reflects our concern for the environment and future generations, which is why we will successively introduce green energy solutions also in our other investments,” said Marcin Juszczyk, Management Board Member, CIO/CFO at Capital Park Group.

Capital Park’s broker and advisor in the green energy procurement process was Westbridge Advisory, which advises the Group on electricity supply, cost optimisation and sustainability goals.

"Whether owner, investment or asset manager: the EU taxonomy makes the energy optimization of real estate an absolute necessity in terms of the competitiveness of assets", said Danuta Grzywacz, Country Head Poland at Westbridge. "We are pleased that Capital Park has decided to initiate the process of transitioning to green energy for its projects, and that we have successfully supported another player in the real estate market in terms of sustainable development actions", she added.