Earnings Release • Jun 6, 2022
Earnings Release
Open in ViewerOpens in native device viewer
The company's second ESG Report was published today
Milan, 6 June 2022 - AbitareIn, a leading Milan-based residential development company, today published its ESG 2021 report available at this link: https://investors.abitareinspa.com/en/sustainability/ Environmental awareness, stakeholder skills and expertise, and foresight are the key points that drive the company.
"We are proud to be a spontaneously ethical company. We are so in terms of transparency, respect for the highest quality and procedural standards; we are so for the attention we invest in the choice of suppliers and dedicate to the wellbeing of our employees; because we think that the future of Milan also depends on what we create, on the neighbourhoods that host our projects and where our customers will go to live. The home is a container of lives, projects and hopes, and with this awareness we work to offer Milanese families a home product that, in addition to improving the city's semi-central areas by recovering disused areas, is always affordable, attentive to energy performance, CO2 savings and green spaces. Reading us in the ESG report validates our efforts and confirms that we are on the right track" commented Marco Grillo, CEO of the company.
In 2021, AbitareIn produced value of EUR 127m, distributing EUR 125.5m to the region and stakeholders. In fact, 92% of what was distributed went to the supply chain located mainly in Lombardy and almost entirely in Italy, remunerating an important induced activity, measurable in thousands of people. Of the remainder, 4% contributed to the remuneration of the public administration, 2% to employees and, finally, the last 2% went to financiers and shareholders. This focus on the value generated for the territory and the communities hosting AbitareIn's projects is also in line with the environmental improvement activities the company has undertaken.
With the realisation of the current development pipeline, AbitareIn will achieve the result of 36,200 square metres of redeveloped urban territory, of which more than 2,000 square metres of asbestos will be removed. Eight geothermal plants, 12 rainwater recovery plants, and 20 photovoltaic plants will be built: technical and technological solutions that will lead the almost 3,000 housing units built - in energy class A1 or higher - to save 24,452 MWh per year, which translates into 8,566 tons of CO2 less emitted into the atmosphere during the use of the buildings, and in 6,733 MWh per year of energy from renewable sources.
Moreover, as part of its environmental impact on the territory, AbitareIn develops its projects by dedicating ample space to native green areas, improving the liveability of the surrounding urban fabric, with the aim also of fostering sociality within the neighbourhoods in which it is present.
AbitareIn S.p.A. represents innovation and a paradigm shift in the residential development sector, driven by its democratic vision of living that combines urban regeneration, affordability and the needs of today's families.
***
Registered office: Via degli Olivetani 10/12, 20123 Milan – Operating Headquarters: Viale Umbria 32, 20135 Milan Company listed on Euronext Milan, Euronext STAR Milan segment (ticker ABT.MI) - VAT no. 09281610965 - Tel. +39 / 02 - 67 02 550 [email protected] – [email protected] Share capital Euro € 132,654.06 fully paid in – Share premium reserve: Euro 40,827,659
Efficiency, industrialisation and the creation of an identity brand are the foundations of a continuous and sustainable growth of the business model that focuses on the person and the home as an "aspirational" consumer product. AbitareIn is thus committed to renovating the city's disused building stock and reviving its urban fabric, investing in projects of great aesthetic, environmental and social value and dedicating itself to responsible, far-sighted action; aware first and foremost of the
essential nature of its new role as #stilistiurbani. The company has been listed on the Euronext Growth Milan of Borsa Italiana since
April 2016. From 1 March 2021 it has been listed on the Euronext STAR Milan (ticker: ABT.MI).
Alphanumeric code of the shares: ABT ISIN: IT0005445280
Investor Relations Abitare In Eleonora Reni [email protected] Press Office Barabino&Partners Federico Vercellino – 331.57.45.171 [email protected] Alice Corbetta – 340.45.57.565 [email protected]
Registered office: Via degli Olivetani 10/12, 20123 Milan – Operating Headquarters: Viale Umbria 32, 20135 Milan Company listed on Euronext Milan, Euronext STAR Milan segment (ticker ABT.MI) - VAT no. 09281610965 - Tel. +39 / 02 - 67 02 550 [email protected] – [email protected] Share capital Euro € 132,654.06 fully paid in – Share premium reserve: Euro 40,827,659
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.