NEW ESG INITIATIVE: IMMAC PLANT FOR BEDS

Since December 2021, the reforestation campaign IMMAC PLANT FOR BEDS has been active and is an integral part of the company’s internal ESG strategy. IMMAC has already planted 289 trees so far.

IMMAC PLANT FOR BEDS is based on cooperation with the climate protection initiative PLANT-MY-TREE®, which carries out reforestation projects throughout Germany. These include initial afforestation, forest conversion and forest protection on mainly own land for CO2 reduction.

Together with PLANT-MY-TREE®, IMMAC has developed the IMMAC PLANT FOR BEDS campaign, in which a tree is planted for every new nursing care bed and living unit built in the healthcare portfolio.

IMMAC has already planted 289 trees with IMMAC PLANT FOR BEDS on the sites of the existing properties in Bückeburg, Mechernich and Lengede, which will be completed in 2021. And the initiative has only just started: About 150 trees will be added this year according to current construction plans.

Climate-damaging CO2 leads to a rise in temperature that endangers the entire ecosystem. Planting trees binds CO2 and thus reduces emissions. A beech tree that has grown to a height of 23 metres, for example, stores one tonne of CO2 in the course of its 80-year life. This means that about 80 trees would have to be planted in order to compensate for one tonne of CO2 per year.

Cita Born is the ESG Officer of the IMMAC Group and responsible for the management and implementation of all ESG measures within the group. IMMAC PLANT FOR BEDS is the first of many measures to be launched this year.

“Climate protection begins in small steps. By means of IMMAC PLANT FOR BEDS, we are also actively driving forward the reduction of our carbon footprint and at the same time promoting the reforestation of our local forests,” explains Cita Born.

In addition to IMMAC PLANT FOR BEDS, the ESG strategy of the IMMAC Group published in December 2021 currently defines a further 40 internal company measures for active climate and environmental protection until 2040. This includes actions that contribute to the promotion of digital processes, optimised employee management and the reduction of CO2 emissions.

ESG in the IMMAC Group

IMMAC is a leading investment company for real estate in the healthcare sector. The Group, which was founded more than 25 years ago, invests in nursing homes, clinics and retirement homes. With its subsidiaries – IMMAC Sozialbau GmbH and IMMAC Wohnbau GmbH as property developers. as well as the specialist for hotels, residential and infrastructure projects DFV Deutsche Fondsvermögen GmbH – the IMMAC Group has so far invested around 2 billion euro in existing and new properties. The properties were mainly built and acquired as investments for special or public funds. IMMAC operates in Germany, Austria and Ireland.

In December 2021, IMMAC published its new Group-wide ESG strategy with information on sustainability initiatives until 2040. For the implementation of the current 41 measures, “business units” were established within the Group. These are the Group, Construction, Acquisition, Portfolio and Fund Product units. An overarching ESG management team under the leadership of Cita Born, ESG Officer of the IMMAC Group, is responsible for the control and holistic implementation in the departments.

The ESG brochure “IMMAC Group Sustainability Strategy” is attached and can also be downloaded directly from the following link.

Further information: www.immac.de/sustainability