NEINVER reduced its operational emissions by 5 percent and energy consumption by 3 percent in 2024, a year marked by record-breaking temperatures and higher commercial activity at its centres. The results, detailed in the company’s 2024 Sustainability Report, underscore the impact of the company’s environmental strategy and ongoing investment in the efficiency of its retail assets. Since 2019, NEINVER has reduced energy consumption by 27.5 percent and total emissions by 31 percent.
Under its Net Zero policy, the company is targeting a 95 percent reduction in greenhouse gas (GHG) emissions and a 40 percent reduction in energy intensity across its portfolio by 2040. To advance towards these goals, NEINVER is focusing on three priority areas: expanding on-site renewable energy generation, optimising energy efficiency, and working closely with tenants to lower their emissions and energy consumption. Today, 96 percent of the electricity used in common areas is sourced from renewable energy. In 2024, the company implemented measures including enhanced Building Management Systems (BMS) and the replacement of gas boilers with electric heat pumps, mitigating the impact of increased heating demand.
Since 2020, NEINVER’s operations have remained carbon neutral through the use of 100 percent renewable electricity, decarbonisation plans for all assets, and the offsetting of residual emissions via reforestation projects. These initiatives reflect NEINVER’s commitment to aligning its roadmap with the Paris Agreement and broader EU climate objectives.
Zero Waste and Green Mobility
In waste management, NEINVER achieved a 92 percent waste recovery rate in 2024, four percentage points higher than the previous year and exceeding the targets set when the company launched its Zero Waste certification programme in 2022. Today, NEINVER’s entire portfolio is certified Zero Waste.
Supporting the shift to low-carbon mobility, NEINVER has initiated a programme to install over 200 new electric vehicle charging points across its centres in Spain, France and Italy. Overall, 93 percent of the company’s assets are now equipped with EV charging infrastructure.
ESG Recognition and Certifications
In 2024, NEINVER earned the highest 5-star rating in the GRESB index for its Neptune portfolio for the fifth consecutive year, improving scores in both ESG management and performance. The company also renewed BREEAM In-Use certifications for its centres in Spain, Poland and the Netherlands, with nearly all assets achieving a rating of “Excellent” or higher in both Building and Management categories. Additionally, NEINVER renewed AIS accessibility certifications at several centres, bringing 70 percent of the portfolio to four stars or more.
The company operates under an integrated ISO management system that combines quality (ISO 9001), environmental management (ISO 14001), energy efficiency, and occupational health and safety (ISO 45001).
Embedding Sustainability Throughout the Value Chain
NEINVER’s Building Tomorrow ESG strategy is fully integrated into every aspect of its operations. All employees have defined ESG objectives, and green lease clauses are standard across leasing contracts, reflecting a shared commitment with brand partners. This approach drives inclusive, accessible, and sustainable initiatives that amplify NEINVER’s positive impact across its entire value chain.
