Climate Change Data

Environmental Metrics

ESG Focus Areas

• Energy transition
• ESG criteria
• Sustainable development
• Social responsibility

Environmental Achievements

• Goal of reducing energy consumption -40% by 2030
• Actions on existing assets and the property under construction: green lighting and electricity, low carbon solutions

Social Achievements

• Opening of a vaccination centre in the Ville du Bois shopping centre with a capacity of 2,000 vaccinations per day
• Rapprochement of landlord/tenant as jointly responsible (concept of co-responsibility)

Governance Achievements

• Governance compliant with the MiddleNext Code
• Supervisory Board with 15 members, 12 of whom are independent

Climate Goals & Targets

Environmental Challenges

• Departure of a tenant in January 2021 from an asset located in Martinique (€1.5m)
• Impact of the Elan Act restricting development of green field sites
• Health crisis impacting retail park creation

Mitigation Strategies

• Asset split into 3 units in Martinique, 87% of areas leased and one lease being signed to reach 100%
• Implementation of the “rents” scheme in late 2021
• Restructuring of an asset in Martinique

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Energy transition
• Sustainable development
• Landlord/tenant relationships
• ESG criteria

Environmental Achievements

• Goal of reducing energy consumption - 40% by 2030
• Actions on existing assets and the property under construction: green lighting and electricity, low carbon solutions

Social Achievements

• Rapprochement of landlord/ tenant as jointly responsible (concept of co-responsibility)
• Communication of the social responsibility policy to the market

Governance Achievements

• Integrate the energy transition to generate value creation
• Meet the obligations of the Tertiary Decree
• Improve management for our tenants: know, enhance, streamline, optimise
• Include extra-financial criteria to contribute value for the banks, investors and partners

Climate Goals & Targets

Environmental Challenges

• Impact of administrative closures due to the health crisis
• Deterioration of landlord/tenant relationships in shopping centres
• Covid-19 negotiations with some tenants

Mitigation Strategies

• Negotiations with tenants
• Re-subdividing property in Martinique and re-leasing 87% of the future surface area
• Strengthening retailers of goods of first necessity
• Maintaining a connection with consumers to build loyalty

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Governance
• Social action

Environmental Achievements

• Carried out a carbon footprint assessment in partnership with I Care, aiming to define a decarbonation trajectory.
• Systematic LED relamping
• Identification of areas to be reforested
• Installation of charging stations in car parks
• Evaluation of an energy capex plan to optimize efficiency
• Systematic implementation of green leases

Social Achievements

• Establishment of an ESG committee
• Establishment of an ethics and compliance charter

Governance Achievements

• Realisation of a carbon footprint
• Set up of a Sapin 2 risk mapping

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Include the carbon criterion in its purchasing decisions
• Limit consumption
• Purchase renewable energy contracts (gas and electricity)

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

Environmental Metrics

ESG Focus Areas

• Energy Transition
• Biodiversity
• Sustainable Development

Environmental Achievements

• Rollout of electric charging stations with zero CapEx/OpEx model
• Installation of solar panels on shade structures at Salaise-sur-Sanne
• Completion of a 7,000 sqm retail complex including 3,500 sqm of green space and 6,000 sqm of green rooftops in Saint-Genis-Pouilly

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Widespread decline in investments in retail properties
• Ongoing tightening of financing conditions

Mitigation Strategies

• Proactive management of the mix (strengthening discount, dining, leisure and food distribution)
• Selective acquisition of relevant sites
• Implementation of measures for the reduction of energy usage and the selective renovation of assets

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: Biodiversity Life certification (in progress)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed