27.06.2024

Cureus publishes Sustainability Report 2023

• Report complies with Global Reporting Initiative (GRI) standards
• Industry-specific EPRA criteria are taken into account
• Construction sites, property portfolio and business operations are covered
• KfW 40 standard targeted for all new buildings, first projects on QNG course with DGNB Silver certificate
• Responsible employer for around 135 employees

Hamburg, 27 June 2023. Cureus, an integrated property company that specialises in developing and actively managing its own care home portfolio, has published its fourth Sustainability Report on the topics of "Forward-looking corporate governance", "Sustainable value creation" and "Responsible employer" with data for the 2023 financial year:

Download the report here (only in German)

The fourth report on the company's ESG activities (environmental, social and governance activities) creates an increasingly reliable database for analysing and evaluating the performance of the construction sites, the property portfolio and the business operations of the developer and portfolio holder of care properties. As in previous years, the content of the report is based on the criteria of the Global Reporting Initiative (GRI) and the European Public Real Estate Association (EPRA).

"With our report, we are building on the previous findings from our regular analyses and continue to aim for economic stability through appropriate governance measures, which we supplement with environmental and social standards and voluntary commitments," explains Christian Möhrke, CEO of Cureus, and continues: "Our report is aimed at all Cureus stakeholders and serves as a comprehensive transparency tool that is constantly being expanded. This year, for example, we have expanded the content for the first time to include our findings on the physical and climate risks for existing buildings."

ESG incorporated in the DNA of the Cureus standard

Cureus is a specialist in the inpatient care home real estate sector in Germany with a specially created system approach. In order to ensure the company has a sustainable portfolio in the long-term, Cureus focuses on a wide range of financial, social and environmental aspects throughout the design, planning and construction of its system care homes. In addition to achieving the cost-efficient construction of affordable care places for all sections of the community through standardisation and optimised procurement and integrating high-quality, resident-friendly building features and equipment, the company also strives to maximise the energy efficiency of all of its properties. In pursuit of these aims, Cureus strives to comply with the KfW 40 energy-efficiency standard in all new buildings and first projects are already planned according to DGNB Silver. A comprehensive catalogue of environmental and social criteria also helps to determine the choice of location for each new Cureus senior care home. The company is also committed to the principles of the Institute for Corporate Governance in the German Real Estate Industry (ICG).

Employees as an important target group

Cureus also takes its responsibility towards its current workforce of around 135 employees very seriously and is endeavouring to further expand an attractive and, above all, safe and healthy working environment. In the reporting year, the Hamburg site also began offering apprenticeships. In addition to numerous offers and measures, the diverse workforce benefits above all from the dynamism of a young company and the opportunity to play an active role in shaping their own working environment as the company continues to develop. The company's first employee survey was conducted in 2022 with extremely positive results, and a follow-up survey is planned for this year.

Specific goals for the company’s sustainable future development

In its latest sustainability report, Cureus has also defined specific measures to continue its growth while taking ESG aspects into account. For example, new residence locations are increasingly being equipped with charging points for electric cars and bicycles. Together with the DGNB, we are working on obtaining basic certification for the system care property standard in 2024 and the DGNB-certified locations are undergoing a comprehensive life cycle assessment (LCA). Finally, preparations are currently underway for reporting in accordance with ESRS from the 2025 reporting year onwards.