Climate Change Data

Renta Corporación Real Estate S.A.

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Initiated a green developer project to build sustainable housing with an industrialised production process using wood to reduce CO2 emissions, digitization, and efficient waste treatment.
  • Requires LEED certification in new office promotions.
  • Committed to sustainable construction and energy efficiency through a new housing project in Hospitalet de Llobregat with green certification from the Green Building Council of Spain, near zero energy consumption, and use of sustainable materials.

Social Achievements

  • Contributions made to Fundación Renta, collaborating in 53 projects in healthcare, childhood, education, and social assistance.
  • Strong communication channels with stakeholders (customers, shareholders, investors, suppliers).

Governance Achievements

  • Continued focusing on and reviewing standards governing action policies and corporate governance transparency.
  • Compliance with the Good Governance Code of Listed Companies.
  • Established procedures for identifying reputation risks and other risks deriving from compliance with the law.

Climate Goals & Targets

Environmental Challenges

  • Impact of the war in Ukraine on the European economy and real estate sector.
  • Increase in raw material and energy prices impacting construction costs and profitability.
  • Rise in inflation potentially decreasing household purchasing power and access to housing.
Mitigation Strategies
  • Cautious approach in the coming months, attentive to economic signals.
  • Diversification of financing sources.
  • Containment of structural costs.
  • Exploration of new sectors to diversify activity and provide recurring revenue.

Supply Chain Management

Responsible Procurement
  • Selecting materials for construction projects that contribute to their energy efficiency.
  • Recycling of materials and waste management.
  • Focus on energy refurbishing in all properties.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • Green developer project for sustainable housing