Reitan Eiendom — ESRS Digital Annual Report

Reitan Eiendom is part of Reitan AS and is headquartered in Trondheim. With eternity as its perspective, the company aims to develop and own sustainable portfolios of commercial properties in the city centres of Oslo, Bergen, and Trondheim, as well as logistics, industrial, and retail properties across Scandinavia.

About the project

Reitan Eiendom is the real estate division of the Reitan Group, developing and managing properties that create long-term value for people, business, and society. With a focus on quality, sustainability, and urban vitality, they shape spaces that foster meaningful encounters and enduring communities. From landmark developments to everyday retail environments, Reitan Eiendom builds for the future with purpose and care.

Visit their Digital Annual Report

For Reitan Eiendom, demonstrating social responsibility is essential. They do this by allowing sustainability to influence their daily operations and thinking, and by integrating sustainability into their business models. This way, they aim to generate profitability for the company while also creating value for society.

Technology

Web Development

Web design

Given this, it came as no surprise that Reitan Eiendom chose to use Brandspace Reporter when launching their fully digital annual report, where, for the first time, they combined the sustainability report with the financial report.

"The idea behind the digitisation has been to make a large and complex report as simple and user-friendly as possible in preparation for when new regulations and reporting requirements take effect. Last year, the sustainability report and the financial report totaled 328 A4 pages. This time, it's published as a visually engaging and user-friendly website, while still offering the option to read the financial statements in classic PDF-format", says Maria Rosenvinge Erlandsen, Group Accounting Manager at Reitan Eiendom, who played a central role in implementing the new solution.

Reitan Eiendom is well aware that the new reporting requirements are extensive, so starting early has been a significant advantage. Both the finance and sustainability departments have worked closely together to complete a report that marks just the beginning of the journey toward 2025.

In this report, you can click through a wide range of topics. With tagging according to ESRS and GRI, pop-up notes in the financial statements, PDF-generation, videos, and lots of additional material, Reitan Eiendom has made a strong start in preparing for the years ahead.

"I know i'm a bit of a nerd for getting excited about this, i'll admit it, but we've worked so long to get closer to the comprehensive requirements in frameworks like ESRS, which we'll soon be subject to. With this report, we've taken significant steps toward increased transparency and efficiency, and it has truly sparked engagement around our forward-thinking practices and responsible governance," says Jostein R. Breines, Director of Sustainability and Innovation at Reitan Eiendom.

In 2023, we entered into a collaboration with Reitan Eiendom to further develop Brandspace Reporter into a platform that can be used by a wide range of stakeholders to meet new sustainability reporting requirements. Together, we have developed new functionalities that address many of today's challenges. One of the key components developed was the automated generation of annual financial statements in PDF format.

With this feature, companies can easily and securely share their financial statements with auditors and other stakeholders directly from the platform's backend. The solution enables the production of accurate and professional financial documents in a fraction of the time it would normally take. This frees up time and resources, leading to increased efficiency and reliability in sustainability reporting.

In addition to automated generation of annual reports in PDF format, our solution also supports integrated generation of GRI indices as note references and sustainability indices. This provides a holistic approach to sustainability reporting. Tagging in accordance with the ESRS and GRI indices helps companies meet the requirements of regulatory authorities and stock exchange listings, as well as the expectations of investors, customers, and other stakeholders when it comes to sustainability reporting. This in turn strengthens the company's credibility and reputation through transparency and openness in the sustainability domain.

Our collaboration with Reitan Eiendom has been crucial in shaping and enhancing our solution Reitan Eiendom looks forward to the continued development of reporting practices, so they are fully prepared to deliver a fully integrated annual report for 2025, in line with new requirements and standards. We look forward to continuing our work together to drive sustainable growth and innovation.