On September 13, 2021, CPI Hungary announced that starting with 2022 it will supply the electricity needed to run its property portfolio exclusively from renewable sources.
According to the company, the broader CPI Property Group has strengthened its environmental commitments starting with March 2021 to align with the objectives of sustainable development and the Paris Climate Agreement. Among others, the Group aims to reduce its greenhouse gas emissions by 30% by 2030.
CPI Hungary informed that its sources of green energy, which include the rooftop solar capacity of its Budapest office portfolio, are limited so the renewable electricity will be provided through so-called “Guarantees of Origin” starting with 2022. Electricity will be supplied by a hydroelectric power plant, which will reduce CO2 emissions by 9,000 tonnes per year.
“It is of utmost importance for CPI Hungary to maximize the use of renewable energy in our property portfolio, thus significantly reducing the ecological footprint of our buildings,” commented CPI Hungary Country Manager Matyas Gereben. “In addition, we are pleased to see that more and more of our tenants are specifically requesting that we provide them with green electricity. Our company’s conscious building concept, which encourages tenants to act responsibly and environmentally consciously, is taken to a new level with the green energy purchase.”