Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Ethical

Environmental Achievements

• Eurocentrum Office achieved Platinum LEED certification; Warsaw Financial Center achieved LEED Gold; Equator IV Offices achieved BREEAM Very Good; replaced older heating systems with natural gas systems in apartment building renovations; improved thermal insulation in buildings.
• Mayhouse office building in Prague completed, offering almost 8,000 sqm of leasable space with energy-efficient solutions.

Social Achievements

• Annual employee reviews covering employee-workplace relationships and the Group in general; promotes diversity and equal opportunity in the workplace; promotes personal development of its employees.

Governance Achievements

• Appointment of Anita Dubost, David Greenbaum, Edward Hughes, and Markus Kreuter to the Board of Directors; David Greenbaum elected Managing Director; adoption of CPI Property Group’s “Code of Business Ethics and Conduct” and updated policies governing procurement, supplier and tenants' conduct, anti-bribery and corruption, anti-money laundering, sanctions and export controls, whistleblowing, human capital and employment and corporate social responsibility (CSR).

Climate Goals & Targets

Environmental Challenges

• Subdued export demand and reduced investment levels in the Czech Republic; concerns about slower economic growth and external challenges facing industrial and manufacturing sectors in the Czech Republic; certain subsidiaries may be in breach of loan covenants; risks associated with real estate and financial markets; changing residential trends or tax policies may adversely affect sales of developments; market risk (including foreign exchange risk, price risk, cash flow interest rate risk and other risks), credit risk and liquidity risk.

Mitigation Strategies

• Diversification of portfolio; use of fixed rate debt financing; interest rate swaps; monitoring of forecasts and actual cash flows; various long-term financing; constant monitoring of forecasts and actual cash flows; vigorous contest of lawsuits; global settlement agreement in relation to disputes relating to HOB and Radio Free Europe building; actions to reduce overhead and other costs.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Certifications: LEED Platinum, LEED Gold, BREEAM Very Good

Third-party Assurance: Ernst & Young