Case-study: Reitan Eiendom

In Reitan Eiendom’s 2022 Sustainability report you can read about Reitan Eiendoms ambition to automate data-streams to further streamline their sustainability efforts to boost their managing climate-related risks and regulatory compliance. In response, they adopted Telescope.

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How Reitan Eiendom used Telescope to boost their risk management across their portfolio

Initially, Reitan Eiendom anticipated that the process of climate and biodiversity risk analysis for their sustainability reporting would take from October 2023 to February 2024. However, with help from using our tools, they completed the task in approximately one month. This allowed Reitan Eiendom to focus on actually assessing the risks, rather than spending time manually identifying them and saved them a ton of time and resources.

Our tool also enabled the company to work internally on these processes, giving them significant in-house knowledge and experience that would not have been possible had they outsourced to external consultants. This internal capacity has been a cornerstone in their long-term sustainability strategy.

In addition to being a leading player in sustainable real estate, Reitan Eiendom has also played a crucial role with their contributions in the development of our tool - specifically tailored for the use-cases in real estate.

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Tangible results: time saved, risks reduced, and more

By using Telescope, Reitan Eiendom has felt several key benefits:

• 4 months saved on automating manual tasks
  In 2022 Reitan had to manually look up every asset, for every relevant risk map before assessing the risk properly. The automation provided by us saved Reitan Eiendom 4 months of tedious, monotone and manual labor.

• Significantly improved risk management
  With our tool at their hands, Reitan Eiendom’s sustainability team could use their time much more valuable on assessing unwanted occurances, vulnerabilities and plan mitigation measures.
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• Ability to avoid future costs
  Identified financial risks that are estimated to exceed billions of NOK, when adding nature and physical climate risks in a worst case scenario. These costs are now identified, and will be addressed in future years.
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• Efficient reporting without the hassle
  Being sustainably committed, Reitan Eiendom already has a solid reporting solution internally, but their goal has always been to spend as little time on it as possible. The collaboration enabled them to also switch from a more time-consuming solution to Telescope, which underscores their focus on efficiency without compromising quality.

With us, Reitan Eiendom has found a perfect balance — managing climate risks responsibly while ensuring compliance with ever evolving regulations and drastically reducing the time and effort involved to maintain a high-level of impact.

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“Telescope is super user-friendly and easy to work with. It allows us to handle complex sustainability risk assessments internally with assisted help and guidance from the tool.”

Read more from their combined 2023 annual & sustainability report.

Future ready and equipped with the necessary tools to look ahead!

Reitan Eiendom is now better equipped to manage climate risks and sustainability challenges, thanks to Telescope. By automating the identification of physical climate risks and biodiversity threats, they can now proactively protect their property portfolio and meet regulatory requirements.

With the new bird's-eye functionality, Reitan Eiendom will gain strategic insights to manage assets, allocate resources, and prioritize projects efficiently, all while reducing their reliance on external consultants. This positions Reitan Eiendom as a leader in managing real estate assets & finances more sustainably.

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About Reitan Eiendom

Reitan Eiendom is a value-driven real estate company committed to long-term sustainability. With a vision that spans generations, they focus on developing and owning environmentally conscious portfolios of commercial properties in the heart of Oslo, Bergen, and Trondheim, alongside logistics, industrial, and retail properties across Scandinavia.

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