Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Very favorable evolution of main environmental indicators, demonstrating a good level of operational implementation of action plans. Significant group effort on reducing its energy footprint and BREEAM-In-Use certification of its real estate portfolio.
• 98% of tertiary square meters (Commerce, Offices, and Hotels combined) benefit from environmental certification in 2014.
• 100% of new Commerce projects have energy metering systems.

Social Achievements

• Support of a significant number of indirect jobs directly correlated with purchases, investments, and overall activity level in the national territory.
• 85.2% positive responses in customer recommendation rate for e-commerce activity.
• 174 recruitments in 2014, with 10% of temporary contracts transformed into permanent contracts.

Governance Achievements

• The RSE (Corporate Social Responsibility) approach is integrated into daily strategy and is inseparable from how the business operates.
• The group's RSE reporting is exhaustive, with a coverage rate close to 100% for each activity and excellent results in extra-financial ratings (e.g., GRESB).

Climate Goals & Targets

Environmental Challenges

• Increasing difficulties in accessing quality housing.
• Increase in public health problems and energy poverty.
• Aging population and dependency.
• Slowdown in tax incentives favoring the acquisition of sustainable real estate.
• Tension in energy markets impacting the energy bill of buildings and modes of transport.
• Pressure on urban sprawl.

Mitigation Strategies

• Integration of environmental and societal performance into quality requirements for all production.
• Improving the usability of new projects through the choice of certifications and environmental profiles adapted to each asset type.
• Strengthening the sustainability of projects by reducing energy needs and making them less vulnerable to energy price increases.
• Encouraging best practices by being demanding in the choice of sites, proximity to public transport, proximity to services, and support for local indirect jobs during the construction phases.
• Reducing the environmental footprint of construction and end-of-life of new projects by promoting less energy-intensive and less greenhouse gas-emitting materials and construction methods.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Integration of sustainable development criteria into commercial relations with suppliers.
• Use of standard contracts integrating recent regulatory changes and environmental certification objectives.
• Evaluation of suppliers' skills and experience in sustainable development.
• Monitoring of the application of social and environmental clauses.

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Heat waves

Transition Risks

• Carbon tax
• Increased fossil fuel prices

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI G4 CRESS, EPRA, Greenhouse Gas Protocol (GHG Protocol), Bilan Carbone®, ISO 14064

Certifications: NF Logement, NF Logement Démarche HQE®, NF Bâtiment tertiaire Démarche HQE®, BREEAM®, LEED®

Third-party Assurance: Ernst & Young et Associés

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• France Green Building Council (FRGBC) “Certification” award (2014)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social Responsibility
• Stakeholder Engagement
• Employee Well-being
• Ethical Conduct
• Biodiversity
• Circular Economy
• Sustainable Procurement

Environmental Achievements

• Reduced greenhouse gas emissions by 37% in 5 years on managed assets.
• Inaugurated the first 100% wood shopping center in France (Marques Avenue A13), with a nearly 30% lower carbon footprint than conventional shopping centers.
• Achieved 100% BREEAM-In-Use certification across all managed commercial assets.

Social Achievements

• Created a dedicated Customer Relations Department to improve customer satisfaction in housing projects.
• Launched the "Tous en actions!" initiative, empowering employees to manage their income through stock options and RTT monetization.
• Directly hired 185 employees and indirectly generated over 22,000 jobs.

Governance Achievements

• Implemented an ethics charter covering confidentiality, conflict of interest, and anti-corruption measures.
• Conducted anti-corruption training for high-risk employees.
• Signed the "Paris Action Climat" charter, committing to GHG emission and energy consumption reduction targets.

Climate Goals & Targets

Environmental Challenges

• Increasing energy prices
• Supply chain disruptions
• Maintaining high levels of environmental certifications in a changing regulatory environment
• Balancing project density with green space preservation

Mitigation Strategies

• Implementing energy-efficient construction methods and renewable energy sources.
• Developing alternative sourcing strategies.
• Investing in employee training and development.
• Strengthening stakeholder engagement to understand and address concerns.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Integration of sustainable criteria into supplier contracts
• Use of environmentally certified materials
• Requirement of social and environmental clauses in construction contracts

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Heat waves

Transition Risks

• Carbon tax
• Increased fossil fuel prices

Opportunities

• Development of energy-efficient buildings and sustainable products

Reporting Standards

Frameworks Used: GRI G4

Certifications: BREEAM, NF Habitat HQE, NF Bâtiment tertiaire

Third-party Assurance: Ernst & Young et Associés

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• 100% wood shopping center

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 100% of development projects are labeled or certified for quality and/or environment.
• Reduced Scope 1 and 2 emissions to 3 ktCO2e (Scope 1: 2 ktCO2e, Scope 2: 1 ktCO2e).
• 92% of technical teams in the office/housing sector received carbon training.

Social Achievements

• Achieved 8th place in the HCG customer service ranking.
• Awarded "Service Client de l’Année 2018" in the real estate development category.
• 100% of housing operations certified NF Habitat (excluding co-promotion, rehabilitation, and serviced residences).
• Increased training hours by 55%.
• Employee headcount increased by 14% to 1,187 employees (including Pitch Promotion).

Governance Achievements

• Maintained Green Star and Sector Leader status in GRESB with a score of 96/100.
• Received an A- rating from CDP for carbon strategy.
• Obtained Prime status from Oekom.

Climate Goals & Targets

Environmental Challenges

• Scope 3 emissions represent over 99% of total emissions, primarily from material purchases and occupant activities.
• Limited control over indirect emissions (Scope 3).

Mitigation Strategies

• Developed reduction plans for major contributing factors in Scope 3.
• Improved energy efficiency by at least 30% for all office projects exceeding RT requirements.
• Selected sites with high connectivity to public transport.
• Developed plans to reduce thermal vehicle use in employee commutes.

Supply Chain Management

Supplier Audits: Ecovadis evaluation of suppliers of Cogedim housing equipment.

Responsible Procurement

• Inclusion of CSR criteria in commercial relations with suppliers.
• Evaluation of supplier performance and progress.

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Heat waves

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI G4 Construction and Real Estate Sector Supplement, EPRA

Certifications: NF Habitat, NF Habitat HQE™, BREEAM®, LEED®, WELL, WiredScore, BiodiverCity®

Third-party Assurance: Ernst & Young

UN Sustainable Development Goals

• SDG 11: Sustainable Cities and Communities

Contributions through sustainable urban development, mixed-use projects, and access to affordable housing.

Awards & Recognition

• Elu Service Client de l’Année 2018

Environmental Metrics

ESG Focus Areas

• Sustainability
• Customer Service
• Environmental Standards

Environmental Achievements

• Kosmo, the future Parfums Christian Dior head office, recognized as the "Best Redeveloped Building" by the MIPIM Award; EM Lyon Business School project aiming for HQE Excellent and BREEAM Very Good certifications.
• Altarea Cogedim Group (Altareit's parent company) ranked #1 listed company in France (all sectors combined) and #2 of all listed Retail companies worldwide in the GRESB ranking.

Social Achievements

• Cogedim received the "Best Customer Service of the Year" award for the second year in a row.
• Cogedim is the top property developer in terms of "Awarded Customer Service for the Year" and ranks 6th all sectors included in the "Top 10 for Customer Reception" rankings.

Governance Achievements

• S&P Global confirmed Altareit's Investment Grade, BBB rating with a stable outlook.

Climate Goals & Targets

Environmental Challenges

• Increasing shortage of housing in large metropolitan areas, leading to complex project setups and administrative approvals.
• Slowdown in areas classified as B2 and C due to geographical reorientation of offices and financial performance of developers.
• Short-term pressure on the housing market due to incoming municipal elections delaying administrative permits.

Mitigation Strategies

• Increased property portfolio size (40,000 to 48,000 units), improved operational capacity with new hires, increased commercial investments, deepened geographic presence through mixed-use projects, widened product offer through acquisitions (Histoire & Patrimoine, Woodeum), and efficient geographical strategy focusing on high-demand areas.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRESB

Certifications: NF Habitat

Sustainable Products & Innovation

• Low-carbon housing

Awards & Recognition

• Best Redeveloped Building (MIPIM Award)
• Best Customer Service of the Year

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity
• Circular Economy
• Social
• Governance

Environmental Achievements

• Reduced carbon emissions intensity in real estate promotion by 16% vs. 2019 (1.3 tCO2e/m²)
• 99% of development surfaces located within 500m of public transport
• 100% of new housing projects certified NF Habitat
• 100% of new corporate real estate projects certified HQE™ "Très bon" and/or BREEAM® "Very Good"

Social Achievements

• 1st place in HCG/Les Échos customer relationship ranking
• 50.8% of positions filled internally
• Initiatives to promote gender equality in management (26.7% women in management committee)

Governance Achievements

• Executive compensation linked to ESG performance (part of variable compensation for management depends on extra-financial ratings and ESG criteria, including climate objectives)
• Implementation of an internal alert system for ethical concerns (in compliance with Sapin II law)
• 44.7% of turnover aligned with the EU Taxonomy, with limited assurance from EY

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Climate change impacts (extreme weather, heat waves)
• Regulatory changes (RE2020, carbon taxation)
• Market shifts (customer expectations, financing)
• Waste management in renovation projects

Mitigation Strategies

• Developed alternative sourcing strategies
• Implemented climate adaptation plans (Bat-ADAPT, Résilience tools)
• Set ambitious carbon reduction targets (50% reduction by 2035)
• Incorporated climate objectives into compensation policies
• Partnerships for waste valorization (Waste Marketplace)
• Proactive detection of SVHC substances in products

Supply Chain Management

Supplier Audits: Ecovadis assessments for suppliers of housing equipment (since 2017)

Responsible Procurement

• Responsible purchasing charter
• ESG clauses in tenders and contracts
• Supplier training

Climate-Related Risks & Opportunities

Physical Risks

• Heat waves
• Flooding
• Droughts
• Storms

Transition Risks

• Regulatory changes
• Market shifts
• Reputational risks

Opportunities

• Development of low-carbon buildings
• Access to green financing

Reporting Standards

Frameworks Used: EU Taxonomy, GHG Protocol

Certifications: NF Habitat, HQE™, BREEAM®, BBCA, VISEHA, Top Employers

Third-party Assurance: EY & Associés

UN Sustainable Development Goals

• Not disclosed

Altarea is committed to the UN Global Compact principles and aligns its actions with the UN Sustainable Development Goals.

Sustainable Products & Innovation

• CLT construction (Woodeum)

Awards & Recognition

• Happy Trainees (6 consecutive years)
• Engagement Jeunes
• Top Employers (4 consecutive years)
• Prix Emploi des Jeunes