Mengus acknowledges the immediate threat of global warming and we support the UN’s 2030 Agenda with its 17 global targets to obtain a sustainable world.

Mengus’ overriding environmental ambition is to be CO₂ neutral by 2030. In the short to medium term, Mengus’ environmental efforts are focused on reducing the CO₂ emissions from our business by green classification of our properties, reducing energy consumption, signing green leases, using renewable energy and non-toxic building materials, as well as a range of other responsible measures to reduce our environmental footprint.

Mengus’ main contribution to social sustainability is to develop its properties into safe and healthy workplaces that enable good co-operation between people, contribute to well-being, reduce sick-leave, support physical exercise and offer healthy food options. For Mengus as a firm, we adhere to high standards on ethics and morale, cultivate a positive yet demanding and meritocratic culture, offer sound working conditions, strive to obtain a diverse organisation, as well as educate ourselves on ESG matters.

Mengus’ sustainability work is governed by our ESG scorecard which comprises relevant targets on both the environmental and social dimensions, and from both the property and the organisational perspective. The performance is closely monitored and measured by the Management team as well as the Board of Directors and results are reported to the investors.

Mengus Stockholm 2019 Group is covered by EU’s Sustainable Finance Disclosure Regulation (SFDR) and is classified as an article 6 fund. Our policy for integrating sustainability risk analysis in our investment decisions and our view on adverse sustainability impacts in such decisions are as follows: When making property investments, we diligently assess all types of risks including sustainability related risks. Negative findings are identified, action plans created, and remedy measures priced. Can vital findings not be rectified or accommodated we abort the case. We do however not shy inferior assets in terms of leasing situation, technical state of repair and/or sustainability standing. We believe we are a good and appropriate acquirer and owner of such mismanaged buildings. Our overall sustainability contribution is to recycle old and inefficient properties into modern and sustainable assets. We say that we turn brown properties into green. Improving sustainability factors is indeed an integral and integrated part of our business.

All our properties receive a green classification, we were among the first in Sweden to introduce green leases, our Gate:01 property is the first office property in Sweden to receive a Fitwel classification and is even CO₂ neutral (without compensation) in scope 1 and 2 according to the GHG protocol. We also have 5 (out of 5) stars in GRESB – Global Real Estate Sustainability Benchmark – which further underlines that sustainability is a key element in our strategy.