Keva is a Pension Institution, whose main goal is to ensure the pensions of public sector personnel by investing its funds in a profitable way. The size of Keva’s fund is €56 billion, with 6.3% of that invested in real estate.
Member of Finland Green Building Council
Joined in 2020
Commit that all new built buildings will operate at net zero carbon from 2020 onwards and all 100% owned assests by 2030.
Disclose Scope 1 and 2 GHG emissions at a portfolio and asset level alongside already reported energy, water consumption and waste at portfolio level aligned to GRI Standards within annual Corporate Social Responsibility report.
Develop a climate strategy to achieve goal of net zero carbon. This roadmap includes milestones of reducing energy consumption by 12% and carbon emissions by 50% before the end of year 2025. Establish new renewable energy investment steering groups and expand company capacity to manage this work. Continue to evaluate best suitable possibilities among renewable energy certificates, PPA-contracts and offsetting schemes for purchased grid-energy.
Verify portfolio-level activities and emissions by a third party such as an energy-efficiency management company. By 2030, all large commercial real estate will be LEED / BREEAM certified part of major technical upgrades or energy saving investments.
Advocate for change throughout Keva’s sphere of influence through incorporating climate issues into wider communication strategy. In addition, establish working groups to focus on external stakeholders including peer organisations, investment assets and tenants.