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OP Real Estate News

OP Real Estate Asset Management Ltd signed the Green Deal demolition examination agreement of the Ministry of the Environment and Rakli

12.2.2020

Approximately 1.6 million tonnes of construction and demolition waste are generated in Finland every year, 80% of it from repair and from the demolition of entire buildings. OP Real Asset Management Ltd, a member of Rakli, was one of the first companies to join the Green Deal demolition examination agreement. The aim of the agreement is to promote the circular economy.

The aim of the Ministry of the Environment is to create positive preconditions for the high-quality use of construction and demolition materials. Promoting the use of the demolition examination is the key goal of the agreement signed between Rakli and the Ministry of the Environment. The purpose of the agreement is to promote the circular economy in the real property sector in Finland, especially with regard to the reutilisation of the construction and demolition materials generated in connection with demolishing buildings or changing their purpose of use, and thereby reduce the overall carbon footprint.

”We are on our way towards lower-carbon investment in our real property sector, and this agreement is a natural step towards reaching this goal,” says Kari Kangasmaa, Development Director, OP Real Estate Asset Management Ltd.

The purpose of the agreement is to improve the collection and quality of preliminary data on the materials generated in repair and demolition projects as well as the preliminary planning of the reuse and recycling of demolition materials by promoting the adoption of the demolition examination, so that the examination is performed in 50 per cent of the repair and demolition projects of the association’s real property owner members, according to the definitions of this agreement by the end of 2022; and in 75 per cent by the end of 2025 before application for a demolition permit.

OP Real Estate Asset Management Ltd, Ilmarinen Mutual Pension Insurance Company, and Ylva were the first members of RAKLI to sign the agreement.