Carmila
Climate Impact & Sustainability Data (2021, 2022)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Climate Change
- Social Responsibility
- Governance
Environmental Achievements
- -10% reduction in scope 1 and 2 greenhouse gas emissions in 2021 vs. 2019
- -15% reduction in energy consumption in 2021 vs. 2019
- 93% of assets by value certified as of end 2021 with BREEAM
Social Achievements
- BtoC customer satisfaction 87% and BtoC NPS +10
- Professional Equality Index (94/100)
- Facilitating vaccination and testing at pharmacies during COVID-19
Governance Achievements
- Rated “A -” EPRA Gold Awards non-financial reporting
Climate Goals & Targets
Medium-term Goals:
- 100% “Very Good” BREEAM certification by 2030
- Net zero scope 1 and 2 emissions by 2030
Short-term Goals:
- 100% BREEAM certification by 2025
Environmental Challenges
- COVID-19 pandemic impact on footfall and retailer sales
- Economic uncertainty
Mitigation Strategies
- Agile restructuring projects
- Successful refinancing
- Omnichannel initiatives to support retailers
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: EPRA
Certifications: BREEAM
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Climate Change
- Green Buildings
- Biodiversity
Environmental Achievements
- 10% reduction in scope 1 location-based emissions
- 30% reduction in scope 2 market-based emissions
Social Achievements
- Launched Biodiversity Charter in 2021, implementing best management practices
Governance Achievements
- Established a Green Bond Committee to oversee project evaluation and selection
Climate Goals & Targets
Long-term Goals:
- Reduce scope 3 emissions, aiming to become carbon neutral by 2040
Medium-term Goals:
- Reduce energy consumption by 40% by 2030 compared to a 2019 baseline
- Certify 100% of its shopping centers with BREEAM Very Good ratings by 2030
- Achieve net zero scope 1 and 2 emissions by 2030
Short-term Goals:
- Reduce water consumption to less than 1 Litre per visitor by 2025
- Offer eco-mobility solutions in 100% of shopping centers by 2025
- Recover 100% material and energy waste by 2025
Environmental Challenges
- Land use and biodiversity issues
- Waste management challenges
- Water consumption
- Occupational health and safety
- Community relations
Mitigation Strategies
- Biodiversity Charter with best management practices
- Efficient waste management and accounting system
- Sub-metering to identify excess consumption
- BREEAM certification encouraging water management best practices
- Annual safety audits
- CSR department enforcing responsible stakeholder practices
Supply Chain Management
Responsible Procurement
- Requires service providers to comply with Biodiversity Charter provisions
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Green Bond Principles 2021, UN SDGs (specifically SDG 9)
Certifications: BREEAM, HQE, LEED
Third-party Assurance: Sustainalytics
UN Sustainable Development Goals
- SDG 9
Investments in green buildings are expected to contribute to a reduction in carbon emissions and improve energy performance, advancing SDG 9 (Industry, innovation and infrastructure).