Climate Change Data

Warimpex Finanz- und Beteiligungs AG

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Energy efficiency
  • Use of renewable energy sources
  • Carbon reduction
  • Quality of interior space
  • Sustainable corporate culture (ethics and compliance)
  • Social responsibility
  • Employees
  • Human rights

Environmental Achievements

  • Avior Tower, St. Petersburg received LEED Gold certification (16,000 m2)
  • Mogilska 43, Krakow received BREEAM In-Use Excellent certification (12,000 m2)
  • Ogrodowa Office, Łódź received BREEAM In-Use Excellent certification (28,000 m2)
  • Zeppelin Tower, St. Petersburg received LEED Gold certification (15,600 m2)
  • Green wall at Mogilska 43 project in Krakow
  • Green roof at Ogrodowa project in Łódź
  • Switching to green electricity at all properties (in progress)

Social Achievements

  • Implementation of barrier-free access in all offices and hotels
  • Regular safety monitoring in line with local ordinances
  • Offering flexible working models (part-time, teleworking)
  • Promoting diversity and equal opportunities
  • Providing support for refugees from Ukraine

Governance Achievements

  • Compliance with Austrian Code of Corporate Governance and Polish Best Practice
  • Implementation of Code of Conduct (CoC) across all fully consolidated companies
  • Ongoing employee training on data protection, Code of Conduct, corruption prevention, and occupational safety
  • No cases of corruption or compliance violations identified

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions (implied)
Medium-term Goals:
  • Certification of all properties
  • Providing accommodations for refugees in Darmstadt
Short-term Goals:
  • Completion of Mogilska 35 Office (Summer 2023)

Environmental Challenges

  • High operating costs due to energy consumption
  • Risk of material waste on construction sites
  • Lack of infrastructure for sustainable mobility (charging stations, bike parking)
  • Risk of corruption due to operating in countries with poor Corruption Perceptions Index rankings
  • Risk of loss of skilled personnel
  • Risk of discrimination
  • Risk of burnout due to work-life imbalance
  • Risk of human rights violations
  • Risk of contributing to urban overheating and soil sealing
  • Risk of sick building syndrome
  • Risk of negative health impacts from non-renewable energy
  • Limited influence on individual energy consumption behavior of occupants
  • Potential for elevated and volatile energy prices
  • Increase in project financing costs and lower property values due to rising interest rates
Mitigation Strategies
  • Certification of all developed properties (medium-term goal)
  • Re-use of existing materials
  • Consideration of sustainable mobility in project concepts
  • Training on bribery and corruption prevention
  • Creation of a positive working climate and employee reviews
  • Promotion of diversity
  • Training and flexible work arrangements
  • Commitment to protecting international human rights
  • Consideration of open space design and district climate in project concepts
  • Consideration of healthy indoor climate in project concepts
  • Clear communication with occupants on energy conservation
  • Energy-efficient design of new buildings and modernization of existing ones
  • Development of energy-efficient buildings and renovations
  • Managing interest rate risk through a low percentage of variable interest rate financial liabilities

Supply Chain Management

Responsible Procurement
  • Working with companies that provide material separation with minimal mixing

Climate-Related Risks & Opportunities

Opportunities
  • Low operating costs for tenants
  • Contribution to making Europe climate neutral

Reporting Standards

Frameworks Used: EU Taxonomy (voluntary), Austrian Sustainability and Diversity Improvement Act (NaDiVeG)

Certifications: LEED, BREEAM, WELL Health-Safety Rating

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Energy efficiency
  • Use of renewable energy sources
  • Carbon reduction
  • Quality of interior space
  • Corporate governance
  • Compliance
  • Anti-corruption
  • Employee satisfaction
  • Diversity and equal opportunity
  • Work-life balance
  • Respect for human rights
  • Open space design
  • District climate
  • Healthy indoor climate

Environmental Achievements

  • 77% of building stock was certified with sustainability certificates (BREEAM, LEED, Clever, WELL) by the end of 2023 (up from 60% in 2022).
  • Mogilska 35 Office in Krakow received BREEAM In-Use – Excellent certification.
  • Switched to green electricity as far as possible at all properties (preparations underway).

Social Achievements

  • Opened Mogilska 35 Office in Krakow, offering flexible office space (including Cowork by Memos).
  • Maintained a high level of employee satisfaction through various working models (part-time, teleworking).

Governance Achievements

  • Implemented a whistleblower portal in September 2023.
  • Continued adherence to the Austrian Code of Corporate Governance and Polish Best Practice for GPW Listed Companies 2021.

Climate Goals & Targets

Medium-term Goals:
  • Certification of all developed properties.

Environmental Challenges

  • High interest rate levels and elevated construction costs.
  • Geopolitical developments related to the conflict in Ukraine.
  • Potential for rent defaults.
  • Climate-related risks (higher construction and operating costs, potential for lower proceeds from sales, risks related to EU Taxonomy).
Mitigation Strategies
  • Maintaining a stable financial base with a healthy equity ratio and strong cash flows.
  • Closely monitoring economic and legal developments in Russia.
  • Focusing on ongoing operational activities and preparations for construction in Darmstadt.
  • Pursuing sustainability certifications for properties.
  • Implementing energy-efficient design and modernization measures.

Supply Chain Management

Responsible Procurement
  • Working with companies that provide material separation with minimal mixing.

Climate-Related Risks & Opportunities

Physical Risks
  • Heat stress
Transition Risks
  • Higher construction and operating costs
  • Decreased demand for non-Taxonomy-aligned properties
  • Difficulty securing loans for non-compliant properties
Opportunities
  • Low operating costs for tenants
  • Contribution to making Europe climate neutral

Reporting Standards

Frameworks Used: Austrian Code of Corporate Governance (ACCG), Polish Best Practice for GPW Listed Companies 2021, EU Taxonomy (voluntary)

Certifications: BREEAM, LEED, DGNB, WELL

Third-party Assurance: Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H.