Climate Change Data

Environmental Metrics

ESG Focus Areas

• Good governance
• Sustainability
• Customer satisfaction
• Employee well-being
• Supply chain management
• Environmental protection

Environmental Achievements

• 78% of promotions included requirements for BREEAM sustainability certification of 'Good' or higher.
• ISO 14001 Environmental Management Certification obtained in 2016.
• 11% reduction in paper consumption vs. 2016.

Social Achievements

• Launched Neinor Experience, a comprehensive customer service program.
• Increased headcount by 18% (37 new employees).
• Implemented a Decalogue of work-life balance equality measures.
• Developed Neinor Mobility Pack for customers with reduced mobility.

Governance Achievements

• Successfully listed on the Spanish Securities Market.
• Created a Corporate Social Responsibility Plan Director.
• Adapted to Board Regulations and Committees for listed companies.
• Approved numerous regulations, rules, and policies related to corporate governance.
• Implemented an Integrated Control System (ICS) for risk management.
• Established a Whistleblowing Channel.

Climate Goals & Targets

Environmental Challenges

• High employee turnover in the real estate sector (9% in 2017).
• Political uncertainty in Spain (Catalonia).
• Increasing competition in the real estate market.
• Need to adapt to an industrial model in the real estate sector.

Mitigation Strategies

• Implementation of a Strategic Human Resources Plan.
• Investment in employee training and development (2,066 hours in 2017).
• Focus on creating an attractive workplace.
• Implementation of work-life balance measures.
• Continuous improvement of processes and optimization of the value chain.

Supply Chain Management

Supplier Audits: 421

Responsible Procurement

• Code of Conduct for Third Parties
• Inclusion of ESG clauses in 100% of supplier contracts
• White Paper for standardization of quality, sustainability, and design.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001, ISO 9001, UNE 166002, OHSAS 18001

Sustainable Products & Innovation

• Homes meeting BREEAM sustainability requirements
• Neinor Mobility Pack

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 20% reduction in paper consumption
• 70.79% of developments delivered since 2015 with BREEAM® certification
• Offset 100% of GHG emissions associated with operations

Social Achievements

• Launched Neinor Essential, offering affordable housing
• Public-private partnership to build 4,500 social rental homes in Barcelona
• Average CSI data for the year 3.04 out of 4

Governance Achievements

• Achieved the highest international rating in environmental criteria according to Sustainalytics (10.5 - low risk)
• Received Top ESG Performer 2021 badges in the Regional and Industry categories from Sustainalytics
• Updated Remuneration Policy for Board Members to include non-financial performance parameters

Climate Goals & Targets

Environmental Challenges

• Climate change
• Housing shortage
• Increased construction and land acquisition costs

Mitigation Strategies

• Commitment to sustainable and eco-efficient building
• Creation of a business model where social and environmental benefits are part of corporate success
• Neinor Essential line for affordable housing
• Public-private partnerships for social housing

Supply Chain Management

Supplier Audits: 448 subcontractor evaluations, 75 health and safety audits

Responsible Procurement

• Code of Ethics
• Code of Conduct for third parties
• Anti-Corruption, Fraud and Bribery Policy
• ESG clauses in 100% of contracts

Climate-Related Risks & Opportunities

Physical Risks

• Environmental impact as a consequence of climate change

Transition Risks

• Transition risks (Political/Legal, Technology, Market, Reputation)

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001, ISO 14001, UNE 166002, ISO 27001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• 1, 2, 3, 4, 7, 8, 10, 11, 13, 17

Social initiatives aligned with SDGs 1, 2, 3, 4, and 10; environmental initiatives aligned with SDGs 7, 11, and 13; overall business practices aligned with SDG 17

Sustainable Products & Innovation

• BREEAM® certified homes
• Neinor Essential line

Awards & Recognition

• Sustainalytics' highest international rating in environmental criteria
• Sustainalytics' Top ESG Performer 2021 badges

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 7.56% energy use reduction in 2022 compared to 2021
• More than 70 BREEAM® certified developments
• Reduced paper use by more than 45% since 2019
• 22.1% reduction in total carbon footprint compared to 2021

Social Achievements

• Delivery of 766 affordable homes in 2022
• Delivery of 204 subsidized housing units in 2022
• Public-private partnership to build 4,500 social rental homes in Barcelona
• Average customer satisfaction score of 3.34 out of 4

Governance Achievements

• Sustainalytics recognized Neinor Homes as the best residential developer in the world in ESG criteria in 2022
• ESG issues were addressed in 4 out of 13 Board of Directors meetings in 2022
• Implementation of a comprehensive Control, Compliance and Assurance model
• 100% of employees received mandatory annual training on ethics and compliance

Climate Goals & Targets

Environmental Challenges

• Housing shortage in Spain
• Sharp rise in interest rates making homeownership more difficult
• Increased construction and land acquisition costs due to inflation
• Climate change risks

Mitigation Strategies

• Development of various business lines focused on accessible and affordable housing
• Critical analysis based on new technologies, innovation, and sustainability
• Climate risk analysis of all developments
• Implementation of adaptation measures to mitigate climate hazards

Supply Chain Management

Supplier Audits: 323 subcontractor evaluations, 126 health and safety audits

Responsible Procurement

• Code of Conduct for third parties
• ESG clauses included in 100% of contracts

Climate-Related Risks & Opportunities

Physical Risks

• Temperature variations
• Heavy precipitation
• Floods
• Heat waves
• Drought
• Water stress

Transition Risks

• Increased construction costs
• Changes in consumer demand

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001, ISO 14001, UNE 166002, ISO 27001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7
• SDG 11
• SDG 17

Initiatives contribute to these goals through sustainable building practices, urban regeneration, and public-private partnerships

Sustainable Products & Innovation

• Homes with BREEAM® certification
• Energy-efficient homes
• Homes built with CEMEX ‘green’ concrete

Awards & Recognition

• Sustainalytics Top-Rated ESG Performer

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Conducted Life Cycle Analyses (LCA) for its developments since 2022.
• Set an emissions reduction target (approved by SBTi) to reduce Scope 1 and 2 GHG emissions by 42% by 2030 (relative to 2021 levels), with a view to reduce Scope 3 emissions by 2030.

Social Achievements

• First Spanish developer to implement and report measurement of its social impact in 2022 (with Transcendent).
• Delivered the highest number of social housing units across Spain over the last three years (€1,800m in assets).

Governance Achievements

• Established a Sustainability Committee to evaluate and select eligible green and social projects.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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: ICMA Green Bond Principles (GBPs) 2021 with June 2022 Appendix 1, Social Bond Principles (SBPs) 2023, Sustainability Bond Guidelines (SBGs) 2021, LMA Green Loan Principles (GLPs) 2023, Social Loan Principles (SLPs) 2023

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG #1 (No Poverty)
• SDG #7 (Affordable & Clean Energy)
• SDG #11 (Sustainable Cities & Communities)
• SDG #13 (Climate Action)

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed