Azora Capital, S.L.

Climate Impact & Sustainability Data (2023)

Total Energy Consumption:367 MWh/year

Decarbonisation of seven hotels owned by the Hospitality & Leisure Fund.
Investment in energy improvement measures in Azora European Hotel & Leisure reducing annual energy consumption by 25% (4,300 MWh/year) and 1,100 tCO2 per year.
Reduction of 2,300 tCO2 per year through energy performance certificate improvements in Nestar Residencial.
All new Brisa assets feature an Energy Performance Certificate rating of A and will be LEED or BREEAM certified.

Launched a new investment vehicle with a sustainability target in accordance with Article 9 of the European Union’s Sustainable Finance Disclosure Regulation (SFDR).
Initiatives to support solidarity projects, including a project aimed at improving education for young people in Honduras and an initiative promoting housing solutions for homeless people.
Publication of the Group’s second ESG Newsletter.
New employee training on sustainability.
Approval of the Group’s harassment protocols.
Creation of work-life balance and selection policies at Azzam Vivienda.
Approval of an equality plan for Azora Capital.

Updated its materiality analysis to identify the most significant sustainability-related topics for the Group and its stakeholders.
Reviewed and updated its Sustainability Policy in 2023.
Adhered to the UNPRI in October 2022.
Listing of a Logistics SOCIMI on BME Growth.
Completion of the investment plan for the first Senior Living SOCIMI.
Refinancing of Nestar Residencial.

Long-term Goals:

Medium-term Goals:

Continue to increase in the number of BREEAM in-use certifications at all verticals.
Establish a roadmap for the decarbonisation of assets for all verticals for 2023, in line with the Carbon Risk Real Estate Monitor (CRREM).
Define KPIs for all verticals.
Define the sustainability risk map, including climate change risks and opportunities.

Short-term Goals:

Increase in the scope of monitoring energy, water and waste consumption, including new investment vehicles.
Increase in the number of BREEAM in-use certifications at all verticals.
Inclusion of BREEAM or LEED certification for construction in all new developments.
Define and implement action plans to improve tenant satisfaction.

Climate change risks and opportunities in residential buildings.
Need to improve GRESB and EcoVadis scores.
Need to define KPIs for all verticals.
Need to define a sustainability risk map, including climate change risks and opportunities.

Incorporation of climate change risks into its risk map.
Implementation of an action plan to minimise greenhouse gas emissions and offset residual emissions through carbon offset projects.
Implementation of energy efficiency measures in assets and promotion of renewable energy sources.
Collaboration with tenants and operators to encourage efficient use of energy equipment.
ESG clauses added to Azzam Vivienda's Supplier Approval Procedure.

Frameworks Used: GRI Standards