credit: NEINVER
credit: NEINVER

NEINVER Cuts Emissions by 5% in 2024, Reinforces Net Zero Commitment

NEINVER, a leading European investor, developer, and operator of retail outlet centers, has announced a 5% reduction in operational greenhouse gas emissions and a 3% drop in energy consumption for 2024, despite record-breaking temperatures and rising visitor numbers across its portfolio. The results, outlined in the company’s newly released 2024 Sustainability Report, underscore the effectiveness of NEINVER’s ongoing environmental strategy and its commitment to achieving Net Zero emissions.

Since 2019, NEINVER has cut total emissions by 31% and reduced energy consumption by 27.5%, aligning its roadmap with the Paris Agreement and the EU’s broader climate targets. The company’s Net Zero strategy targets a 95% reduction in GHG emissions and a 40% drop in energy intensity across its managed assets by 2040.

Strategic Focus on Renewable Energy and Efficiency

Key to NEINVER’s sustainability achievements is a focus on three pillars: expanding on-site renewable energy generation, optimising building energy efficiency, and partnering with tenants to reduce their carbon footprint. In 2024, 96% of electricity used in common areas was sourced from renewables. The company also implemented advanced Building Management Systems (BMS) and replaced traditional gas boilers with electric heat pumps—measures that helped counterbalance an increased demand for heating during extreme weather events.

Since 2020, NEINVER’s operations have remained carbon neutral through the use of 100% renewable electricity, asset-specific decarbonisation plans, and the offsetting of remaining emissions via reforestation initiatives.

Zero Waste Leadership and Sustainable Mobility

In the area of waste management, NEINVER recovered 92% of its total waste in 2024—a four-percentage-point increase from the previous year. This exceeds targets set when the company introduced its Zero Waste certification programme in 2022. Today, 100% of its retail assets hold Zero Waste certification.

NEINVER is also supporting the shift to low-carbon mobility. A new initiative launched in 2024 will see the installation of more than 200 electric vehicle (EV) charging points across its centres in Spain, France, and Italy. Already, 93% of its portfolio is equipped with EV infrastructure.

High ESG Performance and Industry Recognition

The company’s sustainability performance has earned continued industry recognition. In 2024, NEINVER received a 5-star rating for its Neptune portfolio in the Global Real Estate Sustainability Benchmark (GRESB) for the fifth consecutive year, with improvements across ESG management and operational performance metrics.

It also renewed BREEAM In-Use certifications across its centres in Spain, Poland, and the Netherlands—most of which achieved “Excellent” or higher ratings in both Building and Management categories. Additionally, 70% of NEINVER’s centres now hold at least four-star AIS accessibility ratings.

NEINVER operates under a comprehensive ISO-certified management system that integrates standards for quality (ISO 9001), environmental performance (ISO 14001), energy efficiency, and occupational health and safety (ISO 45001).

Embedding ESG Across the Value Chain

NEINVER’s “Building Tomorrow” ESG strategy is embedded across all levels of the organisation. ESG targets are integrated into employee performance goals, and green lease clauses are standard in leasing contracts—demonstrating a strong alignment with retail partners on sustainability priorities.

Through this holistic approach, NEINVER continues to drive inclusive, accessible, and sustainable progress across its portfolio and value chain, reinforcing its role as a leader in responsible retail real estate.