Annual Report 2020
In our Annual Report, you will find the most relevant information on our business operations, operating environment and strategy progress. In addition, we report comprehensively on our work related to sustainability.
Kojamo is a frontrunner in housing
Kojamo plc is Finland’s largest private residential real estate company and a frontrunner in the housing business. Our mission is to create better urban housing. Our Lumo brand provides easy, effortless and environmentally friendly housing and services in Finland’s largest growth centres. We actively develop the value of our investment properties by developing new properties and our existing property portfolio. We want to be a pioneer in the property market and the number one choice for our customers.
Key figures in 2020
2019: 375.3 €M, +2.3%
Funds from operations (FFO)
2019: 140.7 €M, +7.7%
Fair value of investment properties
2019: 6.3 €Bn, +9.6%
“During the year, we were able to achieve profitable growth in line with our strategy in spite of the exceptional circumstances.”
Sustainability programme defines the next steps for future years
In December 2020, we published our sustainability programme, which sets out the focus areas of our sustainability work, and created both long-term and short-term targets and measures for our sustainability work in the coming years. In addition to our long-term sustainability work, the programme is based on the materiality analysis of sustainability conducted at the beginning of 2020.
We reported on the progress of our sustainability work in 2020 even more comprehensively than before. The report was formulated in accordance with the Core requirements of the GRI Standards.
Responsibility key figures in 2020
Net Promoter Score
Indirect employment effect
Responsibility plays even more important role in investment decisions
Our mission at Kojamo is to create better urban housing and we want to do this in accordance with the principles of sustainable development. Responsibility is an increasingly important criterion in our decisions concerning investments, i.e. new construction projects and property acquisitions.
“Our goal is to be carbon-neutral in terms of energy consumption by 2030. Going forward, we will also focus increasingly on low-carbon construction and reducing the carbon footprint of construction materials,” says Hannamari Koivula, Manager, Corporate Responsibility and Sustainability at Kojamo.
Improving satisfaction and community spirit through cooperation with residents
Cooperation with residents plays a key role in Kojamo’s efforts to create the best customer experience. The most visible form of this cooperation is the Lumo team – a volunteer group of residents whose task is to support the building’s community spirit.
Support for learning regardless of place and time
One of our key personnel-related goals during the year was the deployment of a digital learning environment. The Virta learning environment became an important tool for Kojamo personnel working remotely.
A zero tolerance policy concerning the grey economy
Kojamo’s operating models for combating the grey economy exceed the legislative requirements in many respects. We emphasise the importance of choosing responsible business partners.