Climate Change Data

Wereldhave Group

Climate Impact & Sustainability Data (2013, 2019, 2022)

Reporting Period: 2013

Environmental Metrics

Total Carbon Emissions:14,087,874 kg CO2e
Scope 1 Emissions:2,013,512 kg CO2e
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:12,074,362 kg CO2e
Renewable Energy Share:85%
Total Energy Consumption:100,832 MWh
Water Consumption:209,134 m3
Waste Generated:12,702 tons
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Bricks (Sustainable Real Estate)
  • HR (Human Capital)
  • Partners (Sustainable Partnerships)
  • Society (Social Inclusion and Local Pride)

Environmental Achievements

  • Reduced water consumption by 6.3% like for like.
  • Carré Vert office building achieved BREEAM ‘Outstanding’ post-construction certification.
  • Noda office development achieved BREEAM ‘Outstanding’ design stage certification.
  • Procured green electricity for 85% of the total portfolio.
  • Reduced GHG emissions by 15.9%.

Social Achievements

  • Launched a new remuneration system with individualised short-term incentive plans.
  • Established a works council in the Netherlands.
  • Organised various social inclusion events in shopping centres.
  • Invested €100K in sponsoring various charities.

Governance Achievements

  • Adopted a new sustainability framework.
  • Strengthened governance structure with a CEO-CFO model and expanded Supervisory Board.
  • Implemented a new job appraisal system focusing on professional development and competency development.
  • No breaches of the Code of Ethics and Business Integrity Principles reported.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Create 1,000 permanent retail jobs by investing €200m in shopping centres by 2017.
  • 75% of new leases signed with tenants considered to be ‘green’ by 2016.
  • Redefine and implement sustainable sourcing for all new suppliers by 2016.
  • Improve retail customer satisfaction scores to “Good” by 2016.
  • Invest 1% of NRI to strengthen connection to local community by 2016.
Short-term Goals:
  • Improve energy efficiency by 30% by 2020.
  • Achieve BREEAM ‘Very Good’ for shopping centres by 2020.
  • Achieve employee satisfaction scores of 7.5 or higher by 2017.
  • Increase average training per employee to 25 hours by 2015.
  • Increase percentage of female senior managers to 33% by 2016.

Environmental Challenges

  • Lower consumer spending and increasing internet retail shopping.
  • Energy efficiency challenges in older shopping centres.
Mitigation Strategies
  • Investing in refurbishment and expansion of shopping centres to combine real-life shopping with online opportunities.
  • Implementing energy efficiency measures and monitoring energy consumption.
  • Focusing on recycling of waste, reduction of water consumption, and health and safety issues.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable sourcing for new suppliers
  • Green leases with sustainability clauses
  • Fit-out guidelines for tenants

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI G4 Guidelines (In accordance – Core), GRI Construction and Real Estate Sector Supplement (CRESS), EPRA Best Practice Recommendations on Sustainability Reporting

Certifications: BREEAM

Third-party Assurance: Not disclosed

Sustainable Products & Innovation

  • Recycled materials in Carré Vert
  • LED lighting

Awards & Recognition

  • Most sustainable shopping centre in Belgium (Nivelles)

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:225780 tCO2e
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:29241 MWh
Water Consumption:5837 m3
Waste Generated:5566 metric tonnes
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Better Footprint
  • Better Nature
  • Better Living

Environmental Achievements

  • 3.666 MWh solar energy produced onsite
  • 26% waste recycling and 57% waste-to-energy
  • 100% of the buildings, with parking spots, have EV charge points
  • 100% of enclosed Wereldhave centers BREEAM Very Good certified

Social Achievements

  • 0 incidents of non-compliance
  • 1% NRI-equivalent contribution to socio-economic and social inclusion initiatives
  • 7.6 employee engagement score

Governance Achievements

  • GRESB 5 stars, top 20%
  • EPRA sBPR Gold for the 4th year in a row
  • CDP climate change management score C

Climate Goals & Targets

Long-term Goals:
  • Net zero value chain by 2050
Medium-term Goals:
  • All m2 within direct control of our organisation to operate at net zero carbon by 2030
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Mismatch between numerator and denominator in intensity indicators, affecting reliability.
  • Some automatic meter readings may not be reliable due to system changes and replacements in shopping centers under development.
Mitigation Strategies
  • Third-party data managers correct data to obtain reliable and comparable results.
  • Acknowledges potential impact of mismatch between numerator and denominator in intensity indicators.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • All new leases are green

Climate-Related Risks & Opportunities

Physical Risks
  • extreme heat, flooding, storms
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI, EPRA sBPR, GRESB

Certifications: BREEAM

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • GRESB 5 stars
  • EPRA sBPR Gold
  • CDP climate change management score C

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Circular Economy
  • Biodiversity
  • Sustainable Supply Chain

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • All assets Paris Proof by 2045
Medium-term Goals:
  • Reduce carbon emissions by 30% by 2030 (Scope 1+2)
  • Double surface of vegetation on roofs and green spaces by 2030
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Climate change impacts (flash floods, heavy rainfall, heat stress)
Mitigation Strategies
  • Climate resilience plans integrated into Paris-Proof roadmaps, active prevention and smart design in asset transformations, assessments with ecologists to monitor impact and mitigate negative physical impacts of climate change

Supply Chain Management

Supplier Audits: Specific supplier survey in 2022

Responsible Procurement
  • Wereldhave Sustainable Supplier Code (based on BREEAM-in-use, UN Global Compact principles, ILO conventions), Sustainable Maintenance and Procurement Manual

Climate-Related Risks & Opportunities

Physical Risks
  • Flash floods
  • Heavy rainfall
  • Heat stress
Transition Risks
  • Energy efficiency legislation
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: CDP, BREEAM-in-use, UN Global Compact

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed