Climate Change Data

Azrieli Group Ltd.

Climate Impact & Sustainability Data (2021-2022)

Reporting Period: 2021-2022

Environmental Metrics

Total Carbon Emissions:133,370 tCO2e/year (Scope 1+2)
Scope 1 Emissions:1,729 tCO2e/year
Scope 2 Emissions:131,641 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:1,015,302 kWh/year
Water Consumption:507,141 m3/year (Retail and Office/Residence)
Waste Generated:8,670 tons/year
Carbon Intensity:0.13 tCO2e/m2 (2022)

ESG Focus Areas

  • Sustainable Design
  • Sustainable Operation
  • Responsible Procurement and Supply Chain
  • Corporate Governance
  • Information Security
  • Innovation and Technology
  • Community Engagement
  • Our People
  • Safety & Accessibility
  • Human Rights
  • Climate Change Adaptation

Environmental Achievements

  • Secured green building certifications for all designs and international green operation certifications for managed properties; seven properties are LEED certified, with eight more in the process.
  • Incorporated materials with high recycled content into projects (Spiral Tower using recycled façade and recycled aluminum).
  • Implemented water conservation measures and increased energy efficiency through innovative solutions (vertical fins).
  • Launched Environment Project for recycling and waste reduction in thirteen properties (expanding to eighteen by end of 2023).
  • Azrieli Tel Aviv Center certified LEED O&M; Azrieli Sarona Center certified LEED O&M Gold; Azrieli Town certified LEED O&M Platinum.
  • Installed detergent filling stations to reduce packaging and transportation.

Social Achievements

  • Launched community projects engaging employees, tenants, residents, and customers (e.g., clothing recycling, family recycling centers).
  • Distributed 50,000 reusable bottles to schoolchildren and 25,000 reusable picnic sets.
  • Donated approximately NIS 3.5 million to social organizations and NPOs.
  • Implemented accessibility initiatives in malls using RightHear technology.
  • Organized recreation days at malls for Ukrainian refugee families.
  • Launched A2Z Community platform for office employees.

Governance Achievements

  • Established ESG targets in annual work plans of various departments.
  • Implemented a bribery and corruption prevention procedure.
  • Adopted a Competition Law Enforcement Program.
  • Implemented information security procedures and conducted penetration tests.
  • Conducted cyber and information security training for all employees.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Establish a sustainability center at 3 malls by end of 2024.
  • Promote at least 5 community projects annually.
  • Promote 3 campaigns with environmental impact annually.
  • Achieve 5% employee diversity by 2025.
  • Achieve 40% female managers by 2025.
Short-term Goals:
  • Achieve LEED O&M certification for 3 properties by end of 2023.
  • Reduce landfilled waste by 50% in 18 properties by 2025.
  • Install solar panels in 7 properties by end of 2023.

Environmental Challenges

  • Climate change impacts (extreme weather events).
  • Waste management (reducing landfill waste).
  • Mobilizing tenants for recycling efforts.
  • Maintaining high safety standards.
Mitigation Strategies
  • Preparing for climate change through thermal insulation, efficient air conditioning, and runoff management.
  • Implementing Environment Project to reduce landfill waste and increase recycling.
  • Designing accessible waste disposal routes and providing incentives for tenants.
  • Implementing detailed safety procedures, conducting regular safety surveys, and providing safety training.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Prioritizing local suppliers (99% local);
  • Stipulating environmental prerequisites in RFPs (EPD, recycled content, low-VOC materials);
  • Requiring waste separation and proper disposal.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme heat
  • Storms
  • Floods
  • Droughts
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Implementing energy-efficient designs and technologies.

Reporting Standards

Frameworks Used: GRI Universal Standards, SASB guidelines, GRESB, EPRA

Certifications: LEED

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 5
  • Goal 6
  • Goal 7
  • Goal 8
  • Goal 9
  • Goal 11
  • Goal 12
  • Goal 13
  • Goal 17

Initiatives contribute to these goals through sustainable design and operation, community engagement, responsible procurement, and employee well-being programs.

Sustainable Products & Innovation

  • Recycled aluminum façade for Spiral Tower

Awards & Recognition

  • Partners for Democracy Award
  • Globe’s 2023 Credibility Index (first among real estate companies)
  • Duns 100 (first place in 2022)
  • CTBUH International Award for Azrieli Town