Imperio: The first property development and management Company to issue an ESG report

Imperio remains steadfast in its commitment to promote the green transition of Cyprus’ real estate sector – a development that will greatly benefit the sector’s businesses, society, economy, as well as the environment itself, in multiple ways. As a pioneer of sustainable development in Cyprus, the Company has laid the foundations for its transition to the green economy, integrating sustainability to its entire range of activities, something that is also evident in its ESG Report for 2022. It should be noted that Imperio is the first Real Estate Developer in Cyprus to issue an ESG report.

The report lays down the company’s strategy, framework, actions, results, and future goals in terms of Environment, Society and (corporate) Governance (ESG) criteria. Prioritising the reduction of its environmental footprint as part of the global effort to prevent the adverse consequences of climate change, Imperio systematically invests in planning and developing green projects that support Renewable Energy Sources (RES), integrating the latest sustainable technologies and upgrading the quality of life of tenants.

At the same time, the Company has, among other things, adopted significant policies to the benefit of its employees, partners and clients, while it has set out strict regulations with the aim of protecting the rights of employees and developing a corporate culture. In addition, the company regularly puts forward actions to support the most vulnerable groups of the population, as part of its Corporate Social Responsibility strategy.

In statements, the Founder and Director of Imperio Group, Yiannis Misirlis said: “ESG criteria are not just theoretical concepts. On the contrary, their adoption by the country’s entire financial system, is a necessary precondition for the very survival of businesses. As it comes to real estate, the demand for properties that combine environmental sustainability and a high quality of life, is quite evident. At Imperio, beyond our primary goal to protect the environment, we believe that a responsible policy for the environment, society and corporate governance can maximise a project’s investment performance and increase its value, while it can generally become an engine of growth for the market. This is why sustainability has been the main focus of Imperio’s strategy for so many years. Our innovative, sustainable developments that are preferred by investors, are indicative of the sustainable culture that governs the organisation. We are therefore proud of our journey so far, and we look to the future with responsibility and vision, staying committed to offering innovative and sustainable solutions to the benefit of our clients, society and the environment”.

*You can watch the relevant video below:

*You can read the entire Sustainability Report HERE