Montea NV is a Belgian real estate investment trust (REIT) that specializes in the development and management of logistics and industrial properties. The company is listed on Euronext Brussels and has a market capitalization of approximately €1.8 billion. Montea's portfolio consists of over 100 properties across Belgium, the Netherlands, and France, with a total lettable area of approximately 1.2 million square meters.

Montea's focus on sustainability is evident in its commitment to decarbonisation and renewable energy. The company has set a target to reduce its carbon emissions by 50% by 2030, compared to its 2018 baseline. To achieve this, Montea is implementing a range of measures, including energy-efficient building design, the installation of solar panels, and the use of electric vehicles in its logistics operations.

One of Montea's key initiatives in the area of decarbonisation is its Corporate Energy Program. This program aims to reduce the energy consumption of Montea's properties by 30% by 2030, compared to its 2018 baseline. The program includes a range of measures, such as the installation of LED lighting, the optimization of HVAC systems, and the use of smart meters to monitor energy consumption.

Montea is also actively pursuing the use of renewable energy sources. The company has installed solar panels on a number of its properties, which generate electricity for use on-site. In addition, Montea has signed a number of Corporate Power Purchase Agreements (PPAs) with renewable energy providers. These agreements enable Montea to purchase renewable energy directly from the provider, at a fixed price, for a set period of time. This provides Montea with a reliable source of renewable energy, while also supporting the development of new renewable energy projects.

In 2020, Montea signed a PPA with Eneco, a Dutch renewable energy provider, for the supply of renewable energy to 14 of its logistics properties in the Netherlands. The agreement will enable Montea to reduce its carbon emissions by approximately 4,500 tonnes per year, equivalent to the emissions of 1,000 cars. The PPA will also provide Montea with cost savings, as the price of renewable energy is expected to be lower than the price of grid electricity over the duration of the agreement.

Montea's commitment to sustainability extends beyond its own operations. The company is also working with its tenants to promote sustainable practices. Montea provides its tenants with guidance on energy-efficient building design, and encourages them to implement measures to reduce their energy consumption. In addition, Montea is exploring the possibility of offering green leases, which would incentivize tenants to adopt sustainable practices by linking rent to energy performance.

In conclusion, Montea NV is a leading player in the Bulk Warehouse REIT sector, with a strong focus on sustainability. The company is committed to decarbonisation and renewable energy, and is implementing a range of measures to reduce its carbon emissions and promote sustainable practices. Montea's Corporate Energy Program and Corporate PPAs with renewable energy providers are key initiatives in this regard, and demonstrate the company's commitment to reducing its environmental impact while also supporting the development of new renewable energy projects. Montea's focus on sustainability is not only good for the environment, but also for its bottom line, as it enables the company to reduce its energy costs and enhance the value of its properties.