SUSTAINABILITY REPORT 2023
INTRODUCTION About IRP Founded in 2021, IRP (ION Residential Platform) was established to meet the rising demand for affordable and quality rental housing in Belgium's major cities. As the country's first institutional unlisted housing platform, IRP aims to ensure that everyone has access to sustainable and affordable housing. Our commitment to this vision drives our efforts in real estate development, emphasising sustainability, smart building practices, and adherence to evolving demographic and market trends.
Our Vision IRP is dedicated to integrating Environmental, Social, and Governance (ESG) principles into our operations. We believe that sustainable development not only benefits the environment but also ensures economic efficiency for end-users and maintains property value over time. Our progressive approach positions us as leaders in the Belgian real estate sector, consistently exceeding the ESG criteria set by financial institutions.
ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) OBJECTIVES Based on our ESG principles and strategy, we have set the following ESG objectives. By aligning our actions with these objectives, we aim to contribute to a more sustainable real estate industry and create positive impacts for our stakeholders and the environment. Achieve at least 90% of residential units free of natural gas by 2030.
Environmental
Reduce scope 1 & 2 emissions by 50% by 2030 (baseline year: 2022) and achieve 100% reduction by 2050. Gain insight into the carbon footprint of assets in operation and set up roadmaps with scope 1 & 2 carbon reduction targets for assets in operation in 2023 and 2024. Explore strategies to reduce scope 3 carbon emissions. Invest at least 75% in affordable living units to promote social equity and access to housing.
Social Improve tenant satisfaction through regular feedback sessions and addressing concerns promptly.
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