Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable Development
• Community Engagement
• Environmental Responsibility

Environmental Achievements

• La Caserne de Bonne shopping center in Grenoble won the “City and Future” Trophées des SIIC award for its environmental quality standards.
• Implementation of Label V, a sustainable development quality indicator for shopping centers.
• Creation of rain gardens at Val Semnoz to manage water runoff and promote biodiversity.
• Conversion of an old sprinkler reservoir into a water holding tank at the Castres shopping center.
• Green building practices implemented during renovations, including waste sorting and recycling.
• Energy consumption monitoring of 20 shopping centers.

Social Achievements

• Creation of 300 jobs at La Caserne de Bonne shopping center.
• Creation of 100 new jobs at Duparc shopping center in Sainte-Marie (La Réunion).
• Creation of 70 additional jobs at Val Semnoz and Le Phare de l’Europe shopping centers.
• Launch of the S’Miles loyalty program at 13 shopping centers.
• Organization of the “Fête des Voisins” event for retailers and Mercialys staff.
• Partnership with Pôle Emploi to organize job forums at shopping centers.
• Involvement of local residents in naming new shopping centers.

Governance Achievements

• Adoption of an asset sales policy, resulting in a net capital gain of Euro 31.1 million.
• Acquisition of La Caserne de Bonne shopping center.
• Implementation of a dedicated team for specialty leasing, resulting in strong growth.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Use of local materials in construction (wood, basalt, pine).

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Label V

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Label V

Awards & Recognition

• “City and Future” Trophées des SIIC award for La Caserne de Bonne
• “Shopping center creation” award from Procos for La Caserne de Bonne

Environmental Metrics

ESG Focus Areas

• Sustainable Development
• Community Engagement
• Environmental Responsibility
• Employee Well-being

Environmental Achievements

• Installed solar panels on 11 new centers, producing over 24 GWh of solar energy.
• Avoided 8,000 tons of carbon dioxide emissions annually at Valentine Grand Centre through photovoltaic panels.
• Conducted carbon footprint assessments at three shopping centers to identify and reduce greenhouse gas emissions.
• Monitored water and energy consumption, as well as waste production, in over 30 shopping centers.

Social Achievements

• Launched the "Fête des Voisins" event, bringing together over 250 retail managers and developers.
• Created job opportunities through partnerships with local Pôle Emploi institutions.
• Supported local community projects and initiatives.
• Prioritized local retailers in shopping center development.
• Implemented the S’Miles loyalty program in 16 shopping centers, rewarding 215,000 cardholders.

Governance Achievements

• Implemented the "Foncière Commerçante" strategy, aiming to become a multi-channel hyperlocal retailer.
• Continued asset rotation policy, selling 16 properties for €120 million (5% of portfolio).
• Achieved a 10% increase in funds from operations.

Climate Goals & Targets

Environmental Challenges

• Reducing environmental impact of shopping centers.
• Maintaining customer satisfaction and loyalty.

Mitigation Strategies

• Carbon footprint assessments and implementation of corrective measures.
• Customer satisfaction surveys and continuous improvement initiatives.
• Investment in renewable energy sources.
• Development of the "Esprit Voisin" concept to enhance customer experience.

Supply Chain Management

Responsible Procurement

• Partnership with GreenYellow for renewable energy installations.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Renewable energy investments.

Reporting Standards

Frameworks Used:

Certifications: Label V

UN Sustainable Development Goals

• Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• 2011 Prize for Best Renovation (Val Semnoz shopping center)
• 2010 Sustainable Development prize (Val Semnoz shopping center)

Environmental Metrics

ESG Focus Areas

• Sustainable Development

Environmental Achievements

• Installation of photovoltaic power facility at Duparc shopping center generating enough electricity for around 1,800 homes.
• Encouragement of environmentally friendly travel options (bicycle paths, charging stations for electric vehicles, carpooling).

Social Achievements

• Organization of employment forums and job dating days in partnership with Pôle Emploi, resulting in job offers and placements.
• Commitment to combating discrimination, with 47% of employees being women and 20% of directors being women.
• Use of companies employing disabled workers for maintenance, receiving an award for this initiative.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Only 17% of customers travelled to shopping centers by foot, bicycle or public transport in 2013.

Mitigation Strategies

• Initiatives to encourage environmentally friendly travel options (bicycle paths, charging stations, carpooling, dialogue with local representatives).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• CNCC award for best 2012 renovation for the Glann Odet shopping center in Quimper

Environmental Metrics

ESG Focus Areas

• Climate change
• Diversity & Inclusion
• Governance
• Community engagement
• Responsible value chain

Environmental Achievements

• -26% reduction in greenhouse gas emissions between 2015 and 2019 (scopes 1 and 2)
• 59% of waste recovered in 2019
• 50,000 MWh of renewable electricity produced by Mercialys’ centers
• 68% of the portfolio BREEAM In-Use certified

Social Achievements

• Launched a home delivery platform for meals from the centers’ restaurants
• Opened a pilot coworking space
• 94% of centers welcomed at least one non-profit organization in 2019
• Nearly 20,000 induced jobs supported by Mercialys’ business
• 50% women on the management committee

Governance Achievements

• Established anti-corruption training and procedures
• 20% of long-term variable compensation for executives linked to CSR
• Separated the roles of Chairman of the Board of Directors and the Chief Executive Officer
• Board of Directors with 63.6% independent directors and 54.5% women directors

Climate Goals & Targets

Environmental Challenges

• Impact of the Coronavirus epidemic on footfall, retailers’ solvency, and rent collection

Mitigation Strategies

• Protecting its robust balance sheet foundations
• Ensuring the safety of its staff and customers
• Dialoguing with its retailers to find solutions to ensure the sustainability of everyone’s activities

Supply Chain Management

Responsible Procurement

• Integrating CSR clauses into key contracts
• Deploying measures to monitor and assess suppliers and providers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IIRC

Certifications: BREEAM In-Use

Awards & Recognition

• Prime status with ISS-Oekom
• Inclusion in the CDP A list
• Green Star rating by GRESB
• Two EPRA Gold Awards
• Best Registration Document on the SBF 120 at the 10th Grands Prix de la Transparence ceremony

Environmental Metrics

ESG Focus Areas

• Climate Change
• Responsible Retail
• Regional Development
• Employee Engagement

Environmental Achievements

• -14% reduction in greenhouse gas emissions per sq.m.
• -19% reduction in energy consumption per sq.m.
• 51% of waste recovered
• -26% reduction in water consumption
• 89% of BREEAM In-Use certified assets progressed by at least one level
• 48,648 MWh of renewable electricity between 2017 and 2020

Social Achievements

• More than 19,500 local jobs induced by centers’ activities
• 93% of centers welcomed at least one non-profit organization during the year
• 96/100 at workplace gender equality index
• 81% participation in the employee engagement survey
• Roll out of the Prim’Prim’ loyalty program with 76,000 customers registered

Governance Achievements

• First place in its category in the Gaïa Rating agency’s 2020 ranking
• Maintained GRESB Green Star status for the fourth consecutive year
• Confirmed CDP A List status for the third consecutive year
• Two Gold Awards from EPRA
• First place in the All Categories Award at the 11th Grands Prix de la Transparence

Climate Goals & Targets

Environmental Challenges

• Repeated government orders to close stores due to Covid-19, significantly impacting activities and rent recovery.
• Reduced visibility and uncertainty at the start of 2021 due to the pandemic.

Mitigation Strategies

• Successfully established regular dialogue with tenant retailers to find solutions.
• Maintained 100% of sites open throughout 2020.
• Accelerated transformation strategy with rollout of Ocitô logistics services and a new digital loyalty program.
• Cautious approach to dividend, limiting it to the minimum required by SIIC tax status.

Supply Chain Management

Responsible Procurement

• Integrating CSR clauses into key contracts and tenders
• Deploying measures to monitor, assess and/or audit suppliers and providers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IIRC

Certifications: BREEAM In-Use

Awards & Recognition

• First place in its category in the Gaïa Rating agency’s 2020 ranking
• GRESB Green Star status
• CDP A List status
• Two Gold Awards from EPRA
• First place in the All Categories Award at the 11th Grands Prix de la Transparence

Environmental Metrics

ESG Focus Areas

• Climate Change
• Responsible Retail
• Regional Development
• Employee Engagement

Environmental Achievements

• 100% of the strategic portfolio in value terms BREEAM In-Use certified
• Reduced energy intensity per square meter for its centers
• Improved shopping center waste recovery rate
• Reduced direct and indirect carbon emissions (scopes 1 and 2)

Social Achievements

• Great Place to Work certification
• Maintained best practices for gender equality
• Developed employee engagement and satisfaction
• Built a culture of exemplary ethical practices
• Supported local non-profit ecosystem (€594k contributions)
• Retailer sales returned to a level virtually equivalent to 2019

Governance Achievements

• Outstanding standards for financial communication and transparency
• Received award for best Universal Registration Document
• Board of Directors effectively aligned with market best practices
• 50% women directors
• 60% independent directors

Climate Goals & Targets

Environmental Challenges

• Ongoing health crisis leading to store closures and restrictions
• Restrictions on openings affecting rent collection
• Changes in consumption habits accelerated by the health crisis

Mitigation Strategies

• Renegotiated leases with a long-term focus
• Rolled out multichannel platform to build customer loyalty
• Diversified retail mix and developed coworking and casual leasing initiatives
• Brought key functions in-house
• Implemented a range of solutions with Ocitô logistics services and Prim’ Prim’ loyalty program

Supply Chain Management

Responsible Procurement

• Integrating CSR clauses into key contracts and tenders
• Deploying measures to monitor, assess and/or audit suppliers and providers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IIRC

Certifications: BREEAM In-Use

Awards & Recognition

• Best Universal Registration Document
• Gaïa Rating agency #1 in its category (2 consecutive years)
• CDP A List status (4 consecutive years)
• GRESB Green Star status (5 consecutive years)
• EPRA Gold Awards

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social Responsibility
• Governance

Environmental Achievements

• Reduced greenhouse gas emissions by 25% in three years
• 100% of the strategic portfolio in value terms BREEAM In-Use certified
• 96% of centers aligned with a “zero pesticide“ approach
• 66% of waste recovered

Social Achievements

• Workplace gender equality index rating of 93/100 in 2023
• Ranked second for the representation of women in management structures on the SBF 120
• Maintained second-place ranking in its category (listed retail property companies in Europe) in the GRESB
• More than 16,000 local jobs hosted by Mercialys
• €218K awarded for local socio-economic support

Governance Achievements

• Included in the Carbon Disclosure Project’s Climate A List for the sixth consecutive year
• Received the “SBF 120“ All Categories Transparency Award for Financial and Sustainability reporting
• Board of Directors aligned with best practices for independence and gender parity (56% women directors)

Climate Goals & Targets

Environmental Challenges

• High interest rate volatility and inflation, particularly for food products
• Difficulties for some retailers due to inflation and withdrawal of support measures
• Uncertainty regarding central banks’ position on interest rates

Mitigation Strategies

• Maintaining a high occupancy rate through excellent geographical positioning, regular investments, and careful tenant selection
• Maintaining a resilient risk profile thanks to the strength of its sites and balanced financial ratios
• Diversification of rental exposure through Casino group’s divestment of assets
• Bringing key functions in-house to improve efficiency and control

Supply Chain Management

Responsible Procurement

• Integrating CSR clauses into key contracts and tenders
• Deploying measures to monitor, assess and/or audit suppliers and providers
• 87% of center purchases are local

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IIRC

Certifications: BREEAM In-Use

Awards & Recognition

• CDP A List (6 consecutive years)
• GRESB Green Star (8 years)
• EPRA Gold Awards
• Grands Prix de la Transparence “All Categories” Award