Helsinki, Finland, 2015-09-03 12:44 CEST (GLOBE NEWSWIRE) -- SATO Corporation, Investor News, 3rd September 2015 at 13:44
Housing investment company SATO’s sustainability programme has been evaluated and awarded the highest rating – Green Star – by Global Real Estate Sustainability Benchmark (GRESB).
In its peer group, European housing investment companies, SATO was ranked the third-highest among twenty entities. At the global level SATO was the fifth-best among the approximately 60 participating housing investment companies.
Director of Business Development Kati Kniivilä from SATO:
- This was the first time we participated in this sustainability benchmarking, and we're very happy about our excellent ranking among our peers.
- This is a great recognition for our work to increase energy efficiency, develop stakeholder cooperation and clarify our operating principles. Our recent efforts to improve our sustainability reporting also contributed towards our high ranking.
- We regard our participation in the GRESB benchmarking process as a useful development tool for our further work in this area. It also helps us incorporate the sustainability actions into our everyday work.
The results of the 2015 GRESB Report are based on sustainability data collected from 707 property companies and funds that represent a total of 61,000 assets around the world.
To read more about GRESB visit: www.gresb.com
For more information please contact:
SATO Corporation
Kati Kniivilä, Director of Business Development
phone +358 201 34 4106 or +358 40 518 6931
SATO is one of Finland's leading corporate investors in housing. SATO’s aim is to offer comprehensive alternatives in rental housing and an excellent customer experience. All told, SATO holds roughly 24,400 rental homes in Finland’s largest growth centres and in St Petersburg.
In our operations, we promote sustainable development and initiative-taking, and work in open interaction with our stakeholders to create added value. We operate profitably and with a long-term view. We increase the value of our housing property through investments, divestments and repair work.
SATO Group's net sales in 2014 were €312.3 million, operating profit €191.3 million and profit before taxes €152.2 million. SATO's investment properties have a value of roughly €2.7 billion.