Climate Change Data

Environmental Metrics

ESG Focus Areas

• City
• Customers
• Talents
• Environmental transition
• Societal transition
• Technological transition

Environmental Achievements

• 37.4% reduction in CO2 emissions across the Retail portfolio since 2010
• >30% outperformance of the thermal regulation in Business Property
• 99% of Residential projects and 100% of Business Property projects within 500 metres of public transport
• CAP3000, first shopping centre certified BiodiverCity® worldwide
• 98% of waste reused across the portfolio

Social Achievements

• Voted Customer Services of the Year for the second consecutive year
• 87% of Business Property projects in Greater Paris working towards WELL certification
• 100% of Residential projects certified NF Habitat
• 100% of Retail developments certified BREEAM® (construction) or BREEAM® In-Use (operation)
• Launched SoCo, France’s first solidarity REIT
• Supported more than 56,600 jobs in France

Governance Achievements

• Supervisory Board 40% women
• One-third of Supervisory Board members were independent

Climate Goals & Targets

Environmental Challenges

• Regional attractiveness
• Respect for the environment
• Social inclusion
• New technologies
• Climate change
• Widening inequality
• Weakening of public services
• Crisis of confidence
• Access to housing for all
• Changing lifestyles
• New ways of working
• E-commerce impact on retail

Mitigation Strategies

• Integrated model covering all asset classes
• Focus on resilient and promising retail formats
• Energy-efficient buildings, renewable energies, sustainable mobility, waste recovery
• Modular apartments, customized offers
• Flexible, scalable, connected office spaces
• Customer-centric approach
• Systematic environmental and quality certifications
• Partnerships with social and solidarity economy players

Supply Chain Management

Responsible Procurement

• 77% of Residential purchases are made locally

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IIRC framework

Certifications: GRESB, BREEAM, NF Habitat, HQE, WELL, BiodiverCity®

UN Sustainable Development Goals

• Goal 11: Sustainable Cities and Communities

Altarea Cogedim believes that urban development, if done in a lean and inclusive way, can be part of the solution to environmental, development, employment and other issues facing our cities.

Awards & Recognition

• GRESB ranking N°1 listed company in France (all sectors combined) and N°2 of all listed Retail companies worldwide
• Customer Service of the Year
• Biodiversity & Business Award for Cap3000

Environmental Metrics

ESG Focus Areas

• Climate change
• Biodiversity
• Circular economy
• Urban resilience
• Social inclusion
• Customer satisfaction
• Talent management
• Responsible supply chain

Environmental Achievements

• Reduced CO2 emissions by 59.5% across the Retail portfolio since 2010
• 90% of waste recovered across the portfolio in 2019
• 99% of developments less than 500 meters from public transport
• Cap 3000 became the first BiodiverCity® certified shopping center in the world

Social Achievements

• Cogedim awarded "Customer Service of the Year" in 2020 for the 3rd consecutive year
• Renewed partnership with Habitat & Humanisme to support inclusive housing
• 48,500 jobs supported in France
• Nearly 13,000 jobs in shopping centers

Governance Achievements

• 50% women on the Supervisory Board
• 36% independent members on the Supervisory Board
• Implementation of anti-corruption training and risk mapping

Climate Goals & Targets

Environmental Challenges

• Climate change impacts on buildings and operations
• Supply chain disruptions
• Attracting and retaining talent in a competitive market
• Maintaining high customer satisfaction

Mitigation Strategies

• Implementing climate adaptation action plans
• Developing alternative sourcing strategies
• Investing in employee training and well-being programs
• Strengthening customer relationship management

Supply Chain Management

Supplier Audits: Ecovadis platform used to evaluate suppliers

Responsible Procurement

• CSR clauses in contracts
• Responsible purchasing charter
• Preference for local and recycled materials

Climate-Related Risks & Opportunities

Physical Risks

• Heatwaves
• Floods
• Storms

Transition Risks

• Regulatory changes
• Shifting market demands

Opportunities

• Development of energy-efficient products and services
• Investment in renewable energy

Reporting Standards

Frameworks Used: GRI G4, EPRA, CNCC Sector CSR reporting guidelines

Certifications: NF Habitat, BREEAM, HQE, WELL, BiodiverCity®

Third-party Assurance: EY & Associés

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 11 (Sustainable cities and communities)
• Goal 13 (Climate action)

Altarea's initiatives contribute to these goals through energy efficiency, sustainable urban development, and climate change mitigation.

Sustainable Products & Innovation

• CLT solid wood buildings
• Energy-efficient office buildings
• Sustainable shopping centers

Awards & Recognition

• GRESB Green Star 5*
• ISS-ESG Prime status
• Customer Service of the Year
• Leaders League Golden Trophy

Environmental Metrics

ESG Focus Areas

• City
• Customers
• Talents
• Climate Change
• Environmental Performance
• Social Inclusion
• Human Rights
• Diversity & Inclusion
• Circular Economy
• Biodiversity

Environmental Achievements

• Reduced CO2 emissions by -87.5% in the Retail portfolio (versus –59.5% in 2019) for 4th consecutive year
• 79% of Altarea’s Business property projects used renewable energy in 2020 and 27% plan to generate renewable energy on site
• 100% of new Retail, Business property and Residential units have environmental certification
• Green Star 5* status by GRESB for the 5th consecutive year

Social Achievements

• Cogedim was named as having the best “Customer Service of the Year” for the fourth consecutive year.
• Ranked second in the “Customer Service Top 10” (all sectors included) created by HCG for Les Échos
• Continued hiring of work-study students and interns (nearly 170 young people joined)
• Received the HappyTrainees label for the third consecutive year
• Partnership with the association “Nos Quartiers ont des Talents” and “Elles Bougent”, to improve diversity in the real estate sector
• Financial support to La Cravate Solidaire and C’possible
• Support for “Tous en stage”, helping secondary school students discover careers in the industry

Governance Achievements

• Top Employer France certification in 2021
• A rating for transparency at GRESB

Climate Goals & Targets

Environmental Challenges

• Risk that urban units, offices or shopping centres will lose their appeal
• Need for property projects to be acceptable by elected officials and local residents
• Tightening of environmental regulations
• Worsening climate events (heat waves, flooding, etc.)
• Decrease in footfall and revenue following major operational disruptions in Retail
• Difficulties in collecting rent invoicing in Retail
• Decline in values in Retail
• Delay in building sites in Business Property leading to some deliveries being put back to 2021

Mitigation Strategies

• Investing heavily to improve the energy efficiency of buildings and using more renewable electricity in Retail
• Using bioclimatic design, working on the envelope and insulation and building in consumption monitoring tools in Business Property
• Using renewable energies (Issy Cœur de Ville project uses geothermal energy)
• Running awareness-raising programmes for future occupants and users of buildings
• Favouring the renovation of existing buildings rather than new build
• Turning to less carbon-intensive construction materials (wood, biosourced materials or low-carbon concrete)
• Developing an innovative form of building design (improving compactness, increasing intensity of use and extending lifespan)
• Favouring central locations for office and residential buildings (less than 500 m from public transport)
• Designing and deploying an adaptation plan for climate change (summer comfort solutions for all new projects)
• Strengthening the place of nature in the city (green spaces)
• Maintaining the operation of the centres in a secure environment whenever possible in Retail
• Introducing additional services for customers and tenants in Retail
• Keeping vacancies down in Retail
• Renegotiating leases with retailers in a long-term partnership approach in Retail
• Offering support to eligible tenants consisting of the waiver of all or part of the rent in Retail
• Strengthening digital capabilities in all business lines
• Redirecting offer towards institutional investors in Residential
• Supporting tenants in a partnership approach in Retail

Supply Chain Management

Responsible Procurement

• Favouring local purchases (83% of purchases by Residential projects are local)
• Strategic and financial partnership with Woodeum wood developer
• Reuse Booster platform for reusable materials

Climate-Related Risks & Opportunities

Physical Risks

• Worsening climate events (heat waves, flooding, etc.)

Reporting Standards

Frameworks Used: IIRC (International Integrated Reporting Council)

Certifications: GRESB Green Star 5*, WELL®, WiredScore Platinum, BREEAM®

UN Sustainable Development Goals

• Goal 3: Good health and well-being
• Goal 8: Decent work and economic growth
• Goal 11: Sustainable cities and communities
• Goal 13: Climate action
• Goal 7: Affordable and clean energy
• Goal 9: Industry, innovation and infrastructure
• Goal 12: Responsible consumption and production
• Goal 15: Life on land
• Goal 5: Gender equality
• Goal 10: Reduced inequalities

Sustainable Products & Innovation

• CLT solid wood for construction
• Geothermal energy

Awards & Recognition

• SIMI Grand Prix for Richelieu
• Top Employer France