Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance
• Societal Commitment

Environmental Achievements

• Installed waste sorting bins at various sites; implemented grease trays in food areas; sent circulars to tenants at service stations regarding environmental impact mitigation; reduced paper consumption at headquarters; replaced plastic water bottles with glass ones; achieved 60% LED lighting installation across sites by year-end 2019; implemented water optimization measures (separation of sewerage and stormwater networks); began studying solar panel installation projects for several sites.

Social Achievements

• Strong representation of women in the workforce (58/143 in 2019); mentoring ratio of 60%; low employee turnover; implemented a structured training plan including external and internal training; zero strike days and few work-related accidents in 2019; fostered a healthy working climate through team-building activities and work-life balance initiatives; implemented a performance-based remuneration system.

Governance Achievements

• Delegated property management to an independent Asset Manager (REIM Partners); established specialized committees (Investment, Conflict of Interest, Audit); maintained 100% attendance rate at Board of Directors meetings in 2019; no remuneration allocated to Board members (except for travel expenses); considering the appointment of two independent directors and two women to the Board in 2020; implemented a transparent evaluation system for employees.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Use of environmentally friendly materials; compliance with national construction standards; employing local service providers

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: EBRD Performance requirements & Guidance, GRI, UN Sustainable Development Goals

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Delivery of the first EDGE Advanced certified office building in Morocco, resulting in a 40% reduction in energy consumption, 47% reduction in water consumption, and 227 tCO²/year in CO² emissions reduction.
• Installation of 300 solar panels resulting in energy savings of 23-33% across different locations.
• Equipped 95% of common areas with LED lights, aiming for 100% coverage.

Social Achievements

• 3rd edition of “Handicrafts for all” in collaboration with the Ministry of Tourism, Handicrafts, and Social and Solidarity Economy and the Maison del’Artisan, generating 243 MMAD revenue for local craftsmen.
• Establishment of a pop-up store to support local craftsmen, with a value of 633 KMAD in free pop-up stores.

Governance Achievements

• Consolidation of several initiatives under a structured E&S strategy with a dedicated governance framework and KPIs.
• Implementation of an EMS software for high-standard reporting of environmental KPIs.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

Certifications: EDGE Advanced

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced energy consumption by 3% vs. 2022
• Reduced CO2 emissions by 2% (Scope 1 and 2) vs. 2022
• Reduced water consumption by 8% vs. 2022
• 98% of common areas in Aradei Capital assets are equipped with LED lighting
• Installation of photovoltaic panels in 3 assets, resulting in energy savings of 24-34%
• First office building in Morocco certified EDGE Advanced (Prism building)

Social Achievements

• Created nearly 7,900 direct and indirect jobs
• Provided 765,000 MAD worth of free pop-up stores to local actors
• Donated a 1,105 m² plot of land to the municipality of Salé for community infrastructure
• Renovated the premises of the SOS Village association in Dar Bouazza
• Implemented various social actions in partnership with several associations (e.g., supporting women entrepreneurs, promoting health and well-being, cultural events)

Governance Achievements

• Established a Sustainability Committee and an E&S Cluster to oversee ESG strategy implementation
• Held 1 Sustainability Committee meeting and 4 E&S Cluster meetings in 2023
• Conducted an ESG awareness session for all employees
• Three independent directors (including two women) on the Board of Directors

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Use of environmentally friendly materials (e.g., corian, wood, glass)
• Phased elimination of R22 refrigerant

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: EBRD Performance Requirements & Guidance, SASB Standards

Certifications: EDGE Advanced

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed