Climate Change Data

ERWE Immobilien AG

Climate Impact & Sustainability Data (2020, 2020-01 to 2020-06)

Reporting Period: 2020

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

  • Sustainability
  • Resource efficiency
  • Environmentally friendly building materials

Environmental Achievements

  • Development projects (TAUNUS LAB and Darmstadt) meet current requirements in terms of resource efficiency and environmentally friendly building materials.

Social Achievements

  • Not disclosed

Governance Achievements

  • Started regular ESG reporting with the annual report 2020.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Doubling the property portfolio in the next 3-5 years.
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Market pressure due to retail store closures and travel restrictions impacting retail and hotel properties.
  • Increased demand for online shopping impacting retail.
  • Ban of hotels for tourist purposes negatively affecting the hospitality industry.
  • Increased importance of home offices influencing the office real estate market.
Mitigation Strategies
  • Recognizing retail challenges and market uncertainty.
  • Believing that demand for brick-and-mortar stores in prime locations will persist.
  • Expecting market recovery once restrictions are lifted.
  • Impairing property value in Speyer in line with market development.
  • Not expecting a fundamental shake-up of the office market despite some decline in demand.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2020-01 to 2020-06

Environmental Metrics

Climate Goals & Targets

Medium-term Goals:
  • Building up a portfolio with a total value of around Euro 500 million to Euro 1 billion

Environmental Challenges

  • Coronavirus crisis and resultant suspension of large areas of economic activity leading to a severe downturn in the German economy.
  • Significant intensification of the crisis in Germany’s inner cities, impacting retail tenants.
Mitigation Strategies
  • Cautious approach to investments, focusing on opportunities in a restructured market.
  • Securing long-term leases with city administrations (Lübeck and Krefeld).
  • Managing tenant arrears effectively.

Supply Chain Management

Climate-Related Risks & Opportunities