Climate Change Data

IMMOFINANZ Group

Climate Impact & Sustainability Data (2021, 2022, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:2,028,035 tCO2e
Scope 1 Emissions:16,885 tCO2e
Scope 2 Emissions:122,061 tCO2e (location-based), 90,318 tCO2e (market-based)
Renewable Energy Share:30.6% (Electricity)
Total Energy Consumption:437,968,145 kWh
Water Consumption:728,863,492 liters
Carbon Intensity:79 kg CO2e/sqm (own office locations)

ESG Focus Areas

  • Climate change
  • Green buildings and environment
  • Sustainable mobility
  • Building design & life cycle management
  • Water consumption
  • Sustainability certifications and environmental performance
  • Business model and innovation
  • Climate neutrality
  • Managing risks and opportunities from climate change
  • Ecological construction & renovation
  • Innovation in development projects, renovations and services
  • Tenants
  • Cooperation with and support of tenants
  • Customer satisfaction
  • Tenant health & safety
  • Customer-oriented construction and renovation
  • Society/Stakeholders
  • Cooperation with local communities
  • Engagement with society
  • Employees
  • Education and training, knowledge transfer
  • Employee health/occupational safety
  • Company
  • Business compliance & ethics
  • Data protection
  • Sustainable supply chain and procurement
  • Tax integrity
  • Sustainable value creation

Environmental Achievements

  • Increased the proportion of certified space with sustainability certifications (BREEAM, LEED) to approximately 768,320 sqm or 36.6% of the total area of the standing investment portfolio.
  • Implemented energy efficiency measures resulting in an 8.1% decrease in energy intensity.
  • Launched a pilot project for an urban forest based on the Miyawaki afforestation method.

Social Achievements

  • Introduced ESG training for all IMMOFINANZ employees.
  • Implemented measures to support tenants during the COVID-19 pandemic.
  • Organized various community initiatives, including blood donation campaigns and charity auctions.

Governance Achievements

  • Established an ESG committee to improve management of sustainability issues.
  • Signed the UN Global Compact.
  • Revised the Code of Conduct to include human rights topics.

Climate Goals & Targets

Long-term Goals:
  • Become emission-free along the entire value chain by 2040.
Medium-term Goals:
  • Reduce all greenhouse gas emissions by 60% compared to 2019 levels by 2030.
  • Achieve emission-free status for common areas and portfolio space managed by IMMOFINANZ by 2030.
Short-term Goals:
  • Conduct energy audits on at least 15 standing investments in 2022.
  • Complete digital capture of all energy flows by 2025.

Environmental Challenges

  • Lack of access to tenant-obtained energy and water consumption data.
  • Impact of COVID-19 on retail tenants.
  • Potential risks related to corruption, bribery, discrimination, and conflicts of interest.
Mitigation Strategies
  • Undertaking a sub-metering project to improve data collection.
  • Developing individual solutions to support tenants during the pandemic.
  • Implementing comprehensive compliance directives and regular training programs.

Supply Chain Management

Responsible Procurement
  • Diligent and responsible supplier selection based on the Code of Conduct.
  • Focus on long-term business alliances with suppliers from the operating markets (98%).

Climate-Related Risks & Opportunities

Physical Risks
  • Climate change effects on the portfolio
Transition Risks
  • Potential changes in regulatory requirements (e.g., EU Taxonomy)
Opportunities
  • Development of energy-efficient products and services (e.g., On Top Living)

Reporting Standards

Frameworks Used: EPRA Sustainability Best Practices Recommendations Guidelines (2017), GRI Standards: Core Option

UN Sustainable Development Goals

  • SDG 3
  • SDG 7
  • SDG 8
  • SDG 9
  • SDG 13
  • SDG 17

Selected SDGs linked to GRI indicators and main areas of activity (details on page 18).

Sustainable Products & Innovation

  • On Top Living (sustainable and affordable housing)
  • myhive Urban Garden (green office concept)

Awards & Recognition

  • EPRA Sustainability Best Practices Recommendations Silver Award (2020)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:176,000 tonnes CO2e
Scope 1 Emissions:2,397 tonnes CO2e
Scope 2 Emissions:7,576 tonnes CO2e
Scope 3 Emissions:165,663 tonnes CO2e
Renewable Energy Share:71% (electricity)
Water Consumption:888,283 m3
Waste Generated:43,594 tonnes
Carbon Intensity:76 kgCO2e/sqm GLA (market-based)

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced Scope 1, 2, 3 emissions (market-based) by approx. 38% compared with the 2019 baseline.
  • Purchased approx. 71% electricity from renewable energy sources in 2022.
  • Increased the proportion of certified space by 17.5% compared to the previous year (to 41.9% of the standing investment portfolio).

Social Achievements

  • Implemented a package of measures to mitigate the implications for employees in Austria due to restructuring.
  • Conducted performance reviews with 100% of employees in 2022.
  • Provided emergency aid for those affected by the war in Ukraine (e.g., EUR 30,000 donated for refugees in Romania).

Governance Achievements

  • 100% of the Executive Board and employees received training on ethics, compliance and ESG by 2022.
  • Group-wide anti-corruption course carried out in 2022.
  • Improved Sustainalytics ESG rating to 13.1 (low risk) from 15.6 in 2021.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions (Scope 1, 2 and 3) by 2040.
Medium-term Goals:
  • 60% reduction of absolute emissions (Scope 1, 2 and 3) by 2030 (2019 baseline).
  • 100% renewable electricity supply for controlled space by 2024.
  • 60% STOP SHOP rooftops equipped with photovoltaic systems by 2030.
Short-term Goals:
  • Rollout of green lease strategy by 2023.
  • Development of criteria for sustainable and healthy spaces by 2024.
  • Supplier assessment: identification and assessment of social and ecological impact for all material supplier groups by 2023.

Environmental Challenges

  • War in Ukraine and the energy crisis.
  • Rising cost of living impacting tenants and employees.
  • Supply chain disruptions.
Mitigation Strategies
  • Solid and resilient portfolio.
  • Focused ESG strategy.
  • Restructuring measures for employees.
  • Support measures for tenants (e.g., rent reductions).

Supply Chain Management

Supplier Audits: Planned for 2024

Responsible Procurement
  • Group Procurement Policy
  • Corporate Code
  • Supplier code of conduct (under development)

Climate-Related Risks & Opportunities

Physical Risks
  • Droughts, floods, severe storms, rising sea level, heat waves.
Transition Risks
  • New technologies, rising CO2 prices, changes in consumer behavior.
Opportunities
  • Development of energy-efficient products.

Reporting Standards

Frameworks Used: GRI Universal Standards, EPRA Sustainability Best Practices Recommendations

Sustainable Products & Innovation

  • Myhive flexible office products
  • Green lease contracts

Awards & Recognition

  • EPRA Sustainability Best Practices Recommendations Silver Award (2021)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:208,891 tCO2e (market-based)
Scope 1 Emissions:18,189 tCO2e
Scope 2 Emissions:21,629 tCO2e (market-based)
Scope 3 Emissions:169,074 tCO2e
Renewable Energy Share:47.4% (total energy consumption)
Total Energy Consumption:714,419 MWh
Water Consumption:1,995,231 m3
Waste Generated:38,190 tons
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced greenhouse gas intensity of the property portfolio by almost 50% in 2023 compared to 2019 (target was 32.4% by 2030).
  • Around 70% of electricity procured from renewable sources in 2023 (aiming for 100% by 2024).
  • Installed photovoltaic systems with a total capacity of approximately 3,400 KWp in 2023.
  • Introduced a Group-wide standardized Supplier Code of Conduct in 2023.

Social Achievements

  • Share of female managers at 33% in 2023.
  • Completed 13.6 training hours per employee in 2023 (target is at least 8 hours).
  • Conducted an employee satisfaction survey in autumn 2023.

Governance Achievements

  • Code of Conduct acknowledged by all employees.
  • Annual mandatory employee training on the Code of Conduct conducted in 2023.
  • Individual remuneration agreements for 2023 incorporating ESG criteria.

Climate Goals & Targets

Long-term Goals:
  • Reduction of greenhouse gas intensity of the property portfolio by 32.4% by 2030.
Medium-term Goals:
  • Reduce energy intensity of the property portfolio by 10% by 2030.
  • Reduce water intensity of the property portfolio by 10% by 2030.
  • Waste recycling rate of 55% by the end of 2025, increase rate to 60% by 2030.
  • 60% STOP SHOP rooftops equipped with photovoltaic systems by 2030.
Short-term Goals:
  • 100% of electricity procurement from renewable energy sources by the end of 2024.

Environmental Challenges

  • Supply chain disruptions due to multiple crises (war in Ukraine, energy crisis, climate change, extreme weather events, inflation).
  • Meeting the disclosure obligations stipulated in the CSRD and ESRS.
Mitigation Strategies
  • Intensive work on preparing reporting for CSRD and ESRS.
  • Developed a standardized green lease contract to enable sustainable property management by both tenants and landlords.
  • Established a Group-wide standardized Supplier Code of Conduct.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Group procurement directive
  • Code of Conduct
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Droughts
  • Floods
  • Severe storms
  • Rising sea level
  • Longer periods of heat
Transition Risks
  • New technologies
  • Rising CO2 prices
  • Changes in consumer behavior
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI Universal Standards, EPRA Sustainability Best Practices Recommendations

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

IMMOFINANZ’s sustainability management is aligned with the 17 Sustainable Development Goals (SDGs) of the United Nations.

Sustainable Products & Innovation

  • Cradle-to-cradle carpet tiles
  • System partition walls

Awards & Recognition

  • Rising Star of the Year at the Austrian Financial Communications Awards (AFCA)