Climate Change Data

Environmental Metrics

ESG Focus Areas

• Green Buildings
• Combating Climate Change
• Tenant Satisfaction
• Employee Well-being
• Community Involvement
• Compliance
• Risk Management
• Transparency

Environmental Achievements

• 36% lower CO₂ emissions vs. 2021 (19% less like-for-like)
• 9% lower energy consumption vs. 2021 (4% less like-for-like)
• 30% less garbage generated vs. 2021 (4% less like-for-like)
• LEED PLATINUM certification for the Nothus office building and LEED GOLD certification for the Pillar office building
• All GTC’s properties in Poland, Romania, Hungary and Croatia, as well as the Advance Business Center office complex in Bulgaria, use green energy.
• Commissioning of a photovoltaic system in Galeria Północna in Warsaw.
• Obtained or renewed environmental certification for 19 buildings.

Social Achievements

• Launched the #Property4Ukraine campaign, providing office space and Polish language courses to Ukrainian refugees.
• Contributed EUR 429,000 to charitable efforts.
• Implemented social involvement and/or development programs in 95% of properties under operational control.
• 8 buildings in Poland received “Building without barrier” certificates.

Governance Achievements

• Published third ESG report recognized by EPRA with a silver award.
• Implemented a whistleblowing policy.
• No legal proceedings relating to violations of free competition or monopolistic practices.
• 100% of employees received anti-bribery and anti-monopoly training.

Climate Goals & Targets

Environmental Challenges

• Economic uncertainty
• Increased water consumption due to post-pandemic increase in shopping mall visitors (7% increase compared to 2021, but 17% savings in offices like-for-like).

Mitigation Strategies

• Successfully adapted to the dynamically changing economic reality.
• Implemented solutions to reduce water consumption in buildings.

Supply Chain Management

Supplier Audits: 773/year

Responsible Procurement

• Ethical criteria evaluation of 100% of new suppliers and general contractors
• Environmental criteria evaluation of 10% of new suppliers and general contractors
• Compliance with anti-corruption and anti-bribery laws

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts
• Energy crisis

Opportunities

• Investment in renewable energy
• Energy efficiency improvements

Reporting Standards

Frameworks Used: GRI, EPRA, TCFD, UN SDGs

Certifications: LEED, BREEAM, DGNB

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 5: Gender equality
• Goal 6: Clean water and sanitation
• Goal 7: Affordable and clean energy
• Goal 8: Decent work and economic growth
• Goal 9: Industry, innovation and infrastructure
• Goal 10: Reduced inequalities
• Goal 11: Sustainable cities and communities
• Goal 12: Responsible consumption and production
• Goal 13: Climate action
• Goal 17: Partnerships for the goals

GTC's initiatives contribute to these goals through sustainable building practices, community engagement, employee well-being programs, and responsible supply chain management.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Silver EPRA Sustainability Best Practices Recommendations Award
• Awards in Mixed-Use Architecture and Mixed-Use Development categories at 2022-2023 European Property Awards

Environmental Metrics

ESG Focus Areas

• Green buildings
• Combating climate change
• Tenant relations
• Community impact
• Business ethics
• Compliance
• Risk management
• Transparency

Environmental Achievements

• Reduced eCO2 emissions by 2% compared to 2022 (5% like-for-like reduction)
• Renewed or acquired 11 green certifications for properties
• 92% of facilities are LEED/BREEAM/DGNB certified
• Purchased green energy from certified sources for all buildings across Hungary, Poland, Romania, and Croatia, and partially in Bulgaria.

Social Achievements

• Provided a free bicycle service and cycling promotion days for tenants
• Held an e-waste collection event
• Installed defibrillators in Galeria Północna
• Provided tenants with a salt cave and free yoga classes
• Modernized patio and expanded greenery in University Business Park
• Broke Guinness World Record for building a bridge out of plastic bottles
• Collected more than 200 liters of blood in Poland through blood drives
• Employee volunteers painted a house for SOS Children's Villages Association

Governance Achievements

• Awarded Silver Medal in the EPRA Sustainability Best Practices Recommendations Awards
• Implemented ESG Policy in 2020, published in 2021
• Maintained 100% compliance with anti-corruption and anti-trust training for employees
• No legal proceedings relating to violations of free competition rules or monopolistic practices

Climate Goals & Targets

Environmental Challenges

• Increased water consumption (9% overall, 9% like-for-like) due to changes in office work patterns and employee return to offices
• Increased waste generation (15% overall, 15% like-for-like) due to changes in waste calculation methods
• Shortage of skilled staff
• Increased labor costs and changing employment patterns
• Risks of investing in new sectors and markets
• Impact of geopolitical situation (war in Ukraine)
• Risk of energy crisis

Mitigation Strategies

• Implementing solutions to reduce water consumption in buildings (reduced consumption in two malls)
• Developing systems for collecting and analyzing data on waste volume
• Providing specialized training for employees
• Regularly analyzing risks, including ESG risks, and updating business procedures
• Educating employees on risk management and encouraging reporting of risks and incidents

Supply Chain Management

Supplier Audits: 718 new suppliers and general contractors assessed based on ethical criteria; 70 assessed based on environmental criteria.

Responsible Procurement

• Cost, time, quality, environmental and social requirements considered
• Verification of suppliers against ethical standards and human rights compliance
• Use of locally produced raw materials where possible
• Selection of general contractors managing their environmental impact

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards, EPRA Sustainability Best Practices Recommendations Guidelines, TCFD guidelines

Certifications: LEED, BREEAM, DGNB

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 5: Gender equality
• Goal 6: Clean water and sanitation
• Goal 7: Affordable and clean energy
• Goal 8: Decent work and economic growth
• Goal 9: Industry, innovation, and infrastructure
• Goal 10: Reduced inequalities
• Goal 11: Sustainable cities and communities
• Goal 12: Responsible consumption and production
• Goal 13: Climate action
• Goal 17: Partnerships for the goals

GTC's operations support these SDGs through green building practices, community engagement, employee well-being initiatives, and responsible business conduct.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Special Prize from BCCI at 25th FIABCI Hungarian Prix d'Excellence (Pillar project)
• CRE Investment Deal award (sale of Forest Offices Debrecen)
• Digital Transformation - Diplomacy & Commerce Award (sale of Ada Mall Loyalty Club)
• GTC X awards (Best New Office Tenant Leasing Transaction, Best Office Development, Best Overall Development)
• Silver Medal in EPRA Sustainability Best Practices Recommendations Awards