Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Monitoring environmental performance of building infrastructures, setting improvement goals, and implementing improvement projects to upgrade their energy efficiency. Collaborating with tenants to adopt better environmental practices. Selecting suppliers and partners who follow environmentally friendly practices. Developing environmental awareness among employees and partners through informing them about environmental issues and the practices followed by the Group.

Social Achievements

• Commitment to operating with business ethics and ensuring that its activities align with social needs and expectations, focusing on a sustainable philosophy, societal progress, and the protection of the natural environment. Implementing a diversity and equal opportunities policy. Respecting employee rights and complying with labor laws. Ensuring workplace health and safety. Implementing training programs for employees.

Governance Achievements

• Implementing the legislative and regulatory framework introduced by Law 4706/2020 and the Greek Corporate Governance Code, which it has adopted and implemented since July 2021. Implementing a Code of Ethics, Regulatory Compliance Policy, Risk Management Policy, Internal Control System Evaluation Policy, Conflict of Interest Policy, Remuneration Policy for Board Members, and Board Member Suitability Policy.

Climate Goals & Targets

Environmental Challenges

• Market risk (changes in property values and rents), inflation risk, cash flow risk, interest rate risk, credit risk (tenant defaults), liquidity risk, regulatory and compliance risk, and external factors (macroeconomic conditions, political instability, tourism trends, changes in tax regime for REICs, and the war in Ukraine).

Mitigation Strategies

• Regular assessment of property values by independent appraisers, setting limits on portfolio composition, improvements and repairs on properties, sale of non-strategic properties, long-term leases with annual adjustments linked to the Consumer Price Index (CPI), monitoring liquidity needs and receivables, prudent management of available funds, maintaining overdraft facilities, investment plan, financial plan, annual budget, annual business plan, maintaining competent personnel to monitor regulatory changes, and continuous assessment of macroeconomic developments, financial conditions, and real estate market trends.

Supply Chain Management

Responsible Procurement

• Selecting suppliers and partners who follow environmentally friendly practices.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Greek Corporate Governance Code