Promenaden Management, a real estate management company of prime retail and commercial buildings in Oslo has partnered with Worldfavor to establish effective sustainability methods, gather sustainability data and comply with Åpenhetsloven, the Norwegian Transparency Act.
Worldfavor is a SaaS ESG platform that connects over 30,000 organizations globally, empowering secure sustainable growth with data-backed insights, including detecting and mitigating supply chain risks, complying with legal requirements, and accelerating positive impact.
Promenaden Management manages, develops and leases prime retail and commercial buildings in central Oslo. With unique expertise across real estate acquisition, development, asset management, leasing and marketing, Promenaden has delivered some of Oslo’s most iconic contemporary and luxury retail properties. This includes Norway’s only luxury shopping district. Alongside its retail assets, Promenaden also develops and manages close to 34,000 m2 of prime office space in Oslo’s city centre.
Promenaden’s partnering with Worldfavor highlights Promenaden’s dedication to securing sustainable data processes. Promenaden aims to collect more sustainability data from suppliers and build an automated process for it, going over from manual work to one that is instead hosted in one platform. Regulatory compliance is also a focus of Promenaden. With Åpenhetsloven being the priority and other regulatory demands coming up, it has been crucial for Promenaden to start gathering data on sustainability matters in a streamlined way as soon as possible.
"Our collaboration with Worldfavor is an exciting and important step in Promenaden's commitment to ensure a more sustainable and transparent practice. This partnership enables us to gather sustainability data efficiently, comply with the Transparency Act, and strengthen our commitment to responsible practices. We’re looking forward to working with Worldfavor and seeing the positive impact this will have on our operations" – Tine Slaatten, COO at Promenaden
“We're thrilled to partner with Promenaden Management on their sustainability journey. This collaboration is a great example of how Worldfavor can empower companies to automate sustainability data processes and ensure compliance with Åpenhetsloven. We are proud to support their commitment to transparency and responsible business conduct, enabling them to drive sustainable growth in the real estate sector.” – Andreas Liljendahl, CEO at Worldfavor
For more information, please contact:
Worldfavor
Cecilia Hamrén
Head of Marketing
+46 791 00 93 63 I E-mail: press@worldfavor.com
Promenaden Management
Marte Try Gumpen
Legal Counsel
Phone: +47 916 92 233 | Email: mtg@promenadenmanagement.no
About Worldfavor
Worldfavor is a leading SaaS platform, where businesses and their suppliers across the value chain collaborate to source ESG data, with the mission of making sustainable business mainstream. Connecting companies globally, to easily share, access, and exchange ESG data our platform enables businesses to scale their sustainability assessments, track efforts, and maintain compliance with international standards. With more than a decade of experience in the industry and a network with over 30,000 connected companies, Worldfavor supports businesses in achieving high sustainability ambitions and ensuring compliance with global standards and regulations.
Behind Worldfavor is a group of highly passionate people who dream of shaping a world where people, the planet, and the economy thrive together.
About Promenaden Management
Promenaden Management manages, develops and leases the most valuable retail and commercial buildings in central Oslo. With a deep understanding of the city, country and region, its experienced leadership and management team has been a linchpin in Norway’s luxury retail market for over decade.
With unique expertise across real estate acquisition, development, asset management, leasing and marketing, Promenaden has delivered some of Oslo’s most iconic contemporary and luxury retail properties. This includes Norway’s only luxury shopping district, which houses exclusive brands such as Louis Vuitton, Chanel, Hermès, Dior, Gucci, Moncler and Saint Laurent, as well as embodying the world’s oldest luxury department store, Steen & Strøm. Alongside its retail assets, Promenaden also develops and manages close to 34,000 m2 of prime office space in Oslo’s city centre.
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