Alter Build is one of the drivers of historical architecture revitalization. In its development practice, the company applies an approach grounded in ESG (Environmental, Social, Governance) principles.
The focus extends beyond quickly filling properties with tenants. Alter works to create environments and communities aligned around shared values.
Working with landmark buildings, the company combines the restoration of the building’s physical structure with economic viability and respect for the urban context. Each project is viewed as part of the urban fabric, with environmental, social, and cultural impact.
The DRUK community and cultural center in Kharkiv illustrates this approach. The project demonstrates the implementation of ESG principles — primarily in the Social and Governance dimensions, and also in the Environmental dimension through a responsible approach to heritage preservation.
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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.
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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.
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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.
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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.
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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.
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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
Environmental
The restoration and revitalization of landmark buildings contribute to sustainable urban development.
Adaptive reuse of historic buildings
Revitalizing existing structures reduces the use of new resources and the carbon emissions associated with new construction.
Minimal intervention
Design solutions are developed with respect for the historical value of the building and aim to preserve existing structural and decorative elements wherever possible.
Energy-efficient engineering solutions
During reconstruction, modern engineering systems are introduced to improve energy efficiency and reduce operational costs.
Responsible resource management
Project implementation includes monitoring the use of materials and responsible management of construction waste.
Urban regeneration
Alter’s projects integrate historic buildings into contemporary urban development processes, contributing to a more cohesive and sustainable urban environment.
Social
Alter views its projects as part of the urban environment that interacts with local communities and businesses.
Preservation of architectural heritage
Restoration works are carried out in collaboration with specialized professionals, with respect for the historical authenticity of the buildings.
Integration into the urban context
Revitalized buildings contribute to the development of surrounding areas and support the city’s identity.
Accessibility of space
During reconstruction, the needs of different user groups are considered wherever possible within the constraints of historic structures.
Community-oriented environments
Alter’s properties are considered part of a broader urban ecosystem and involve cooperation with local initiatives, cultural institutions, and businesses.
Safety in a wartime context
Given the wartime conditions, safety is an important aspect of property management. Buildings include shelters, and the team receives basic safety and emergency response training.
Governance
Governance at Alter is based on comprehensive analysis, long-term planning, and responsible decision-making.
Comprehensive project evaluation
Historical, technical, and financial analysis is conducted prior to investment decisions.
Long-term financial model
Operational strategies are developed to ensure the stable functioning of the building over the long term.
Partnership approach
Contractors and tenants are selected based on professional reputation and alignment with the project’s strategic vision.
Risk management
Legal, technical, and operational risks are assessed at the early stages of project implementation.
Transparency and accountability
The internal governance structure ensures clear allocation of responsibilities and transparency in decision-making processes.
ESG Commitments
Alter views ESG as a direction that will continue to evolve as the company scales its activities. In the future, the company plans to formalize internal impact assessment standards and introduce measurable performance indicators.
