ESG Mission Statement

Alter Build is a pivotal force in the revitalization of historical architecture, employing an alternative construction methodology grounded in core ESG (Environmental, Social, Governance) principles. Our focus transcends the swift population of our properties; we aim to build and foster value-aligned communities.
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The DRUK cultural and civic center in Kharkiv serves as a prime example of this philosophy. It demonstrates a profound commitment to ESG principles, particularly within the Social and Governance pillars, and through its dedication to heritage preservation, addresses the Environmental pillar.

Decent work and economic growth

Responsible
Consumption
and Production

Renovation is an act of reuse. Alter reduces the need for new construction, conserves resources, and extends the life cycle of buildings.

Industry, innovation and infrastructure

Responsible
Consumption
and Production

Renovation is an act of reuse. Alter reduces the need for new construction, conserves resources, and extends the life cycle of buildings.

Sustainable cities and communities

Responsible
Consumption
and Production

Renovation is an act of reuse. Alter reduces the need for new construction, conserves resources, and extends the life cycle of buildings.

Climate
action

Responsible
Consumption
and Production

Renovation is an act of reuse. Alter reduces the need for new construction, conserves resources, and extends the life cycle of buildings.

Decent work and economic growth

Responsible
Consumption
and Production

Renovation is an act of reuse. Alter reduces the need for new construction, conserves resources, and extends the life cycle of buildings.

Partnerships
for the goals

Responsible
Consumption
and Production

Renovation is an act of reuse. Alter reduces the need for new construction, conserves resources, and extends the life cycle of buildings.

Our sustainable results

The Environmental Pillar: Heritage Preservation and Revitalization

Adaptive Reuse of Historical Assets: Alter Development strategically focuses on the reconstruction of historic buildings. The DRUK project, for instance, centers on the revitalization of a designated local architectural landmark—the S.P. Yakovlev Printing House, originally built in 1898. By choosing preservation and adaptive reuse over new construction, we avoid the significant resource expenditure and carbon footprint of new development, a cornerstone of sustainable practice.
Urban Regeneration: Our projects act as a nexus, bridging historic districts with modern urban development. This approach fosters integrated and sustainable urban growth.

The Social Pillar: Community, Inclusivity, and Resilience

Fostering Inclusive, Community-Centric Spaces: Each of our properties is designed as part of a larger ecosystem, engaging with local stakeholders to host community-building events and amplify the site's historical significance. This model is projected to stimulate job creation and support the formation of new community organizations.
Ensuring Safety and Well-being Amidst Hostilities: In response to the ongoing conflict, safety is a paramount concern. Our facilities are designed as secure shelters for cultural activities. We provide comprehensive training for all staff and volunteers, covering emergency protocols, ordnance safety, and first aid. All personnel are equipped with personal protective equipment (PPE), including ballistic vests, helmets, and IFAKs (Individual First Aid Kits). The team is emotionally resilient, deeply committed to Ukraine's sovereignty, and supported by a relocation assistance program to ensure their safety if required.

The Governance Pillar: Transparency and Risk Management

Transparency and Accountability: Our internal governance structure mandates transparency in all decisions and actions, with clear lines of authority and approval. The organization is committed to conducting an annual independent audit, commencing with the 2024 fiscal year results.
Comprehensive Risk Management: The company has implemented a detailed risk management framework to mitigate and respond to a range of threats, including military-related risks (e.g., shelling, conflict escalation, man-made disasters), technical failures, and financial instability. This framework includes established protocols for liaison with government authorities, timely data exchange, and contingency planning for adverse events.