Climate Change Data

Environmental Metrics

ESG Focus Areas

• Energy efficiency
• Environmental impact

Environmental Achievements

• Relocated headquarters to a low-energy building with solar panels.
• Acquired two office buildings and started construction of an industrial building that meet the latest energy and environmental standards.

Social Achievements

• Not disclosed

Governance Achievements

• Board evaluated its performance and interaction with executive management.

Climate Goals & Targets

Environmental Challenges

• Maintaining sufficient diversification of assets to limit risks related to market fluctuations and tenant defaults.
• Managing risks related to the fair value of buildings and the impact of inflation/deflation on revenues and costs.
• Managing risks related to the concentration of real estate assets.
• Managing risks related to the evolution of regulations and potential conflicts of interest.

Mitigation Strategies

• Diversification of assets (types, tenants, locations).
• Rigorous payment monitoring procedures, constant maintenance of the building portfolio, meetings and site visits with real estate experts.
• Analysis of investment opportunities to ensure compliance with prudential limits.
• Strict adherence to legal provisions on conflicts of interest and a specific procedure developed in the governance charter.
• Indexation of rents and rate hedging contracts to protect against interest rate increases.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Belgian Corporate Governance Code

Certifications: Null

Third-party Assurance: Deloitte

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Relocated headquarters to a low-energy building with solar panels.
• Renewing its portfolio with new buildings that meet the latest energy and environmental standards.

Social Achievements

• Not disclosed

Governance Achievements

• Board evaluated its performance and interaction with executive management in 2021-2022.
• Company complies with the 2020 Belgian Corporate Governance Code, except for specified derogations.

Climate Goals & Targets

Environmental Challenges

• Risk of real estate unemployment depending on supply and demand in the real estate market.
• Risk of loss of rental income due to tenant departure, tenant financial default, and changes in the activity of other REITs in which Immo Moury holds shares.
• Risk of overvaluation or undervaluation of buildings by independent real estate experts.
• Risk related to the evolution of the fair value of REIT securities in the portfolio.
• Risk of major disaster and degradation.
• ESG risks related to the future attractiveness of buildings depending on their sustainability and resilience to climate change.
• Risks related to the concentration of real estate assets.
• Risks of inflation and deflation.
• Risk of financing and interest rates.
• Risks related to banking counterparties.
• Risk related to the increase in withholding tax on dividends.
• Risk related to the liquidity of the company's shares.
• Risk related to the distribution of dividends according to article 7:212 of the CSA.
• Risk related to the evolution of regulations.
• Risk of decrease in free float.
• IT/Cybersecurity risks.
• Situations of conflict of interest.
• Operational continuity – Dependence on key personnel.

Mitigation Strategies

• Maintaining sufficient diversification of asset types, tenant types, and geographical location.
• Implementing rigorous payment monitoring procedures.
• Identifying and analyzing the profitability of buildings with recurring tenants with weak financial situations.
• Maintaining a constant maintenance policy of its building portfolio.
• Organizing meetings and site visits with real estate experts to question the relevance of the valuation.
• Acquiring shares of Cofinimmo and Befimmo with stable returns and sufficient liquidity.
• Covering risks with insurance.
• Renewing its portfolio with new buildings that meet the latest energy and environmental standards.
• Analyzing possible improvement paths for its existing portfolio.
• Analyzing all investment opportunities to identify if they would exceed the prudential limit.
• Indexing rents to the anniversary date of the contract based on the evolution of the health index or the consumer price index.
• Including clauses limiting the negative effects of negative variations in the aforementioned indices.
• Contracting three interest rate hedging contracts at an IRS rate plus margin.
• Regularly assessing the opportunity to sign other rate hedging contracts.
• Using different reference banks to ensure diversification.
• Adopting a prudent financial policy monitored regularly by the Board of Directors.
• Maintaining sufficient diversification of assets between buildings and REIT and FIIS securities.
• Periodically analyzing the net return of shares in the portfolio and comparing it with the return obtained on buildings.
• Respecting regulations and anticipating changes in legislation.
• Having an in-house lawyer and using external consultants.
• Informing the promoter and persons acting in concert with the promoter of the 30% free float threshold.
• Having a business continuity plan in place and under reevaluation.
• Subscribing to an IT assistance and maintenance contract with an external partner.
• Strictly applying legal provisions on conflicts of interest and a stricter procedure developed specifically in its governance charter.
• Implementing a new integrated management software package Adfinity.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Belgian Corporate Governance Code

Certifications: Null

Third-party Assurance: Deloitte

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Energy efficiency
• Carbon footprint reduction

Environmental Achievements

• Renovated building at Boulevard Devreux in Charleroi, now fully leased and meeting recent energy standards.
• Constructed an industrial hall in Milmort, fully leased and meeting recent energy standards.
• Relocated headquarters to a low-energy building with solar panels.

Social Achievements

• Not disclosed

Governance Achievements

• Adherence to the Belgian Corporate Governance Code (with some derogations due to company size).

Climate Goals & Targets

Environmental Challenges

• Economic downturn impacting growth rate.
• High inflation and rising interest rates.
• Risk of tenant default.
• Risk of undervaluation or overvaluation of properties by independent valuers.
• Risk related to the market value of securities held in other regulated real estate companies.
• Risk of major incidents and property degradation.
• Risk of non-compliance with increasingly complex and evolving regulations.
• Risk of IT/cybersecurity failures.
• Potential conflicts of interest due to company ownership and board composition.
• Risk of decreased free float.
• Risk of reduced liquidity of company shares.

Mitigation Strategies

• Diversification of assets (types, tenants, locations).
• Rigorous payment monitoring procedures.
• Constant maintenance of property portfolio.
• Regular meetings and site visits with valuers to ensure accurate property valuation.
• Investment in securities of other SIRs (Cofinimmo and WDP) with stable returns and sufficient liquidity.
• Comprehensive insurance coverage.
• Careful analysis of all investment opportunities to ensure compliance with regulations.
• Business continuity plan in place.
• Strict adherence to legal provisions on conflicts of interest.
• Monitoring of free float to ensure compliance with regulations.
• Prudent financial policy and building trust with existing shareholders and banks.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: IFRS

Certifications: Null

Third-party Assurance: Deloitte

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Relocated headquarters to a low-energy building with solar panels.
• Analyzing potential improvements for existing properties.

Social Achievements

• Not disclosed

Governance Achievements

• Adherence to the Belgian Corporate Governance Code 2020.

Climate Goals & Targets

Environmental Challenges

• Risk of real estate unemployment depending on supply and demand.
• Risk of loss of rental income due to tenant departure, financial default, or decreased dividends from other REITs.
• Risk of overvaluation or undervaluation of properties by independent real estate experts.
• Risk of concentration of real estate assets.
• Future attractiveness of properties depending on sustainability (location, energy performance, transport links, etc.) and resilience to climate change.
• Increasing shareholder and financial institution demand for transparency regarding societal ambitions.
• Risk of loss of key personnel.
• Risk of conflict of interest due to Immo Moury's shareholding and the composition of the board of directors of Moury Management SA.

Mitigation Strategies

• Maintaining sufficient diversification of asset types, tenant types, and geographical locations.
• Implementing rigorous payment monitoring procedures.
• Identifying and analyzing the profitability of properties with recurring tenants with weak financial situations, deciding whether to maintain or sell them.
• Constant maintenance of the property portfolio to maintain or increase existing rents and facilitate relocation.
• Holding meetings and site visits with real estate experts to question the relevance of the valuation.
• Acquiring shares of other REITs (Cofinimmo and WDP) with stable returns and sufficient liquidity.
• No known environmental disputes, claims, or potential problems.
• Renewing the portfolio with new buildings that meet the latest energy and environmental standards.
• Implementing a business continuity plan.
• Subscribing to an IT assistance and maintenance contract with an external partner.
• Strictly applying legal provisions on conflicts of interest and the stricter procedure developed in its governance charter.
• Implementing a new integrated management software package (Adfinity).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Belgian Corporate Governance Code 2020

Certifications: Null

Third-party Assurance: Deloitte

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Relocated headquarters to a low-energy building with solar panels.
• Analyzing potential improvements to existing building's energy efficiency.

Social Achievements

• Not disclosed

Governance Achievements

• Adherence to the Belgian Corporate Governance Code (Code 2020).

Climate Goals & Targets

Environmental Challenges

• Maintaining sufficient diversification of assets to mitigate risks related to rental income, property value, and held securities.
• Managing risks related to the fluctuation of Euribor short-term interest rates and inflation/deflation.
• Ensuring compliance with increasingly complex and evolving regulations.
• Maintaining a 30% free float of voting rights.
• Managing potential conflicts of interest due to the company's ownership structure.
• Addressing potential risks related to IT/cybersecurity and operational continuity.
• Addressing potential environmental, social, and governance (ESG) risks.

Mitigation Strategies

• Diversification of assets (types, geographic location).
• Contracted three interest rate hedging contracts.
• Regular analysis of the opportunity to sign other interest rate hedging contracts.
• Compliance with regulations and anticipation of legislative changes.
• Monitoring free float and transparency declarations.
• Strict application of legal provisions on conflicts of interest and internal procedures.
• Implementation of a business continuity plan.
• Implementation of a new integrated management software (Adfinity).
• Renewal of the property portfolio with new buildings that meet the latest energy and environmental standards.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: IFRS

Certifications: Null

Third-party Assurance: Deloitte

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Relocated headquarters to a low-energy building with solar panels.
• Renewing its portfolio with new buildings that meet the latest energy and environmental standards.

Social Achievements

• Not disclosed

Governance Achievements

• Adherence to the Belgian Corporate Governance Code 2020.

Climate Goals & Targets

Environmental Challenges

• Risk of loss of rental income due to tenant departure, tenant financial default, and changes in the activity of other SIRs in which Immo Moury holds shares.
• Risk of overvaluation or undervaluation of buildings by independent real estate experts.
• Risk of changes in the fair value of SIR securities in the portfolio.
• Risk of major disaster or deterioration of buildings.
• ESG risks related to the future attractiveness of buildings depending on their sustainability and resilience to climate change.
• Risks related to the concentration of real estate holdings.
• Risk of inflation and deflation.
• Risk of financing and interest rates.
• Risks related to banking counterparties.
• Risk related to the liquidity of the Company's securities.
• Risks related to the increase in withholding tax on dividends.
• Risk related to the distribution of dividends according to article 7:212 of the CSA.
• Risk related to the evolution of regulations.
• Risk of decrease in free float.
• Operational risks, including IT/cybersecurity and conflicts of interest.
• Risk of unexpected departure of key team members.

Mitigation Strategies

• Rigorous payment monitoring procedures.
• Constant maintenance of its building portfolio.
• Meetings and site visits with real estate experts to question the relevance of the valuation.
• Acquisition of securities from other SIRs (Cofinimmo and WDP) with stable returns and sufficient liquidity.
• Insurance coverage for risks of major disaster or deterioration.
• Efforts to renew its portfolio with new buildings that meet the latest energy and environmental standards.
• Analysis of possible improvement tracks regarding its existing portfolio.
• Analysis of all investment opportunities to ensure they do not exceed prudent limits.
• Use of different reference banks to ensure diversification and limit the risk of failure of a financial institution.
• Prudent financial policy monitored regularly by the Board of Directors.
• Diversification of assets between buildings and SIR and FIIS securities.
• Periodic analysis of the net return of shares in the portfolio and comparison with the return obtained on buildings.
• Compliance with regulations and anticipation of changes in legislation.
• Internal jurist and external consultants to ensure compliance.
• Information of promoters and persons acting in concert with the promoter about the 30% free float threshold.
• Strict application of legal provisions on conflicts of interest and a stricter procedure developed specifically in its governance charter.
• Teamwork and information sharing to allow for the temporary resumption of work in case of absence or during recruitment.
• Implementation of a new integrated management software Adfinity.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Belgian Corporate Governance Code 2020

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed