SPEEDWELL Development Advances Sustainability with First ESG Report

SPEEDWELL Development, one of the most active real estate developers in Romania, publishes its 2022 Sustainability Report, the first official ESG reporting document of the company. The report emphasizes core sustainability pillars, identified in relation to stakeholder consultation and global best practices. Furthermore, it highlights the company’s sustainability initiatives and their relation to business operations and growth.

Concomitantly, SPEEDWELL Development announces its Sustainability Strategy, the company’s blueprint for sustainability, risks, and opportunities, emerging from both the strong business and sustainability performance of the company in the past few years on the local market.
The 2022 Sustainability Report is the result of the materiality analysis conducted in 2022, underlining the company’s internal resources and its impact alongside all stages of development, from concept to delivering the project. The report highlights the main points of focus for the company, starting from customer health, safety, and well-being to the care used in local communities development, and the measures the company has set in place to limit greenhouse gas emissions, with the goal of reaching net-zero emissions by 2050, with 50% of their developments being already assessed for climate change adaptation risks.
Founded in 2014, SPEEDWELL has had the propensity of developing mixed-use projects. Up to date, the company developed more than 560,000 sqm net built surface, representing 105,000 sqm of offices and retail spaces, 4,000 residential units, and more than 10,000 sqm designed for SMEs’ needs. Most of the developments are in Bucharest, with a successful record of accomplishment and ongoing projects in other major cities such as Cluj-Napoca, Timișoara, and Râmnicu Vâlcea.