Sustainability

Cityvarasto is committed to reducing its environmental impact and monitors energy and water consumption at all its facilities. Most of the building services engineering in the properties owned by Cityvarasto is remotely monitored in real-time, enabling, for example, centralised and real-time temperature control and monitoring, and facilitating the optimisation of energy and water efficiency. In addition, Cityvarasto utilises a digital platform through which approximately 80 per cent of rental agreements are signed online, thereby reducing unnecessary traffic and related emissions. Energy-efficient and environmentally friendly solutions for maintenance of the Company's self-storage facilities are constantly being sought, and this work was further pursued during the financial year ended 31 December 2024 for example by investing in the installation of solar plants at the Company's self-storage facilities. As OF 30 June 2025, a total of 13 self-storage facilities were using solar power to generate energy.

Kaivoksela, Vantaa

The Company aims to systematically increase the share of solar energy and heat pumps as a source of energy in the future and the thermal insulation capacity of the buildings has been improved. In addition, the Company has built charging points for electric cars at its self-storage facilities, for example, at the Vantaa Varisto and Kaivoksela self-storage facilities. The charging points have been implemented in such a way that they are openly accessible not only to the Company's personnel and existing customers, but also to anyone else, thereby bringing new customers to the Company. The electricity consumption in the Company's facilities is entirely carbon dioxide free. Electricity consumption is entirely based on carbon dioxide–free energy, which is sourced either from the electricity provider or from property-specific solar panel systems. The company has no carbon neutrality targets for its other operations, and, for example, the Group’s vehicle fleet consists of combustion engine cars.

In accordance with the conversion model, by acquiring properties at the end of their life cycle and converting them cost-effectively into self-storage use, the Company's management believes that it is possible to re-use properties that are often no longer in active use, and turn them into functional property complexes.

The time needed to redeem the carbon investment in demolition compared to the renovation option can be more than 50 years for typical new construction, and typically at least 25–30 years even if special measures are employed. Renovation being less carbon intensive is mainly driven by the reuse of the building foundation and frame, which constitute approximately 90 per cent of emissions in the production and building phase (Source: Publications of Ministry of the Environment 2021:9).