EPP NV
Climate Impact & Sustainability Data (2021-09 to 2022-08)
Reporting Period: 2021-09 to 2022-08
Environmental Metrics
Total Carbon Emissions:250747 tCO2e/year (FY2022)
Scope 1 Emissions:2222 tCO2e/year (FY2022)
Scope 2 Emissions:60840 tCO2e/year (FY2022)
Scope 3 Emissions:187684 tCO2e/year (FY2022)
Renewable Energy Share:15% (retail 2022), 100% (office 2022)
ESG Focus Areas
- Climate Change
- Resource Efficiency (Energy, Water, Waste)
- Biodiversity
Environmental Achievements
- Reduced total GHG emissions by 9% from FY2019 to FY2022 (276,936 tCO2e to 250,747 tCO2e)
- Achieved 15% green energy in total energy consumption for retail properties in 2022 (target was 15%)
- 100% of office buildings sourced with renewable energy in 2022
- 86% of office buildings and 89% of retail assets under operational control were certified with BREEAM
- Renewed ISO 14001:2015 certification
Social Achievements
- Launched Archiclima project in 5 pilot shopping malls focusing on biodiversity protection and water resource management
Governance Achievements
- Incorporated climate risks and opportunities into the internal risk management system
- Quarterly Board review of ESG performance and risk matrix
- Monthly ESG status meetings with employees
- 25% ESG component in 2022 long-term incentive awards for CEO and CFO
- 20% ESG component in 2022 short-term incentive KPIs for CEO and CFO
Climate Goals & Targets
Long-term Goals:
- Net zero operational carbon in all buildings by 2050
Medium-term Goals:
- Achieve 35% renewable energy for retail buildings by 2025
- 100% recycling of industrial packaging waste by 2025
- 100% of assets equipped with LED lighting by 2025
- 100% of assets (common areas) equipped with water-saving taps by 2025
- 75% of buildings equipped with photovoltaic panels by 2025
Short-term Goals:
- Reduce Scope 2 GHG emissions by 13,500 MgCO2e by end 2025
Environmental Challenges
- Supply chain disruptions
- Rapidly changing environmental regulations
- Heat stress
- Forest/wildfires
- Storms
- Drought
- Heavy precipitation
- Flooding
- Regulatory risks related to GHG emissions
- Technological changes requiring adaptation for older assets
- Reputational risks related to climate action
- Market risks related to energy prices and availability of green technologies
Mitigation Strategies
- Improving energy efficiency (LED lighting, BMS system modernization, CO2 control systems, PV panels)
- Switching to renewable energy sources
- Green building practices and BREEAM/WELL certifications
- Improving waste management and aiming for 100% recycling
- Developing a comprehensive water management strategy
- Developing a long-term water strategy considering ESRS E3
- Implementing a comprehensive adaptation plan
- Further reducing carbon footprint
- Integrating low-carbon technologies
- Awareness building and information campaigns
- Finetuning climate risk management
- Enhancing climate-related disclosures
Climate-Related Risks & Opportunities
Physical Risks
- Heat stress
- Forest/wildfires
- Storms (extratropical, tornadoes, hail)
- Drought
- Heavy precipitation
- Flooding
Transition Risks
- Regulatory risks (GHG emission limits)
- Technological changes
- Reputational risks
- Market risks (energy prices, green tech availability)
Opportunities
- Transition to renewable energy
- Improved resource efficiency
- Sustainable finance
Reporting Standards
Frameworks Used: TCFD
Certifications: ISO 14001:2015, BREEAM
Third-party Assurance: PricewaterhouseCoopers Polska spółka z ograniczoną odpowiedzialnością sp. k.