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.