Climate Change Data

Polska Izba Nieruchomości Komercyjnych (PINK) and Polska Rada Centrów Handlowych (PRCH)

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Renewable Energy Share:20% (Galeria Młociny, common areas)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Increased biodiversity in areas surrounding managed properties
  • Renovated shopping centers to be more energy-efficient and reduce carbon footprint
  • Implemented energy-saving measures in Warsaw's Galeria Młociny, resulting in 50% water savings
  • Installation of photovoltaic panels on the roof of Galeria Młociny (planned for completion by the end of 2025), currently 20% of energy in common areas comes from alternative sources.
  • GLP Wrocław V Logistics Centre uses 100% renewable energy and features water-saving fixtures.

Social Achievements

  • Nhood's 'Good Neighbor' CSR program, engaging local communities through various initiatives.
  • Skanska's publication of reports on neurodiversity in the workplace and good practices for LGBT+ communities.
  • EPP's inclusion of green clauses in lease agreements since August 2022.

Governance Achievements

  • 85% of surveyed companies designated ESG reporting officers; 63% of those officers focused solely on ESG.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050 (general industry goal)
Medium-term Goals:
  • Complete installation of photovoltaic panels on Galeria Młociny by the end of 2025 (EPP)
Short-term Goals:
  • Achieve Net Zero emissions by 2026 (GLP)

Environmental Challenges

  • Lack of skilled personnel and experience in ESG within organizations
  • Difficulty in obtaining and aggregating data for ESG reporting (estimated 1200 data points required)
  • Lack of standardized assessment criteria for ESG in real estate
  • Limited availability of data for benchmarking ESG performance in the Polish market
  • Uncertainty regarding the cost of decarbonization, especially for older buildings
  • Limited availability of renewable energy in the Polish energy system
  • Slow transformation of the Polish energy sector.
Mitigation Strategies
  • Conducting energy audits to identify areas for improvement
  • Developing decarbonization strategies
  • Utilizing tools like CRREM to assess climate risks
  • Implementing green lease agreements
  • Seeking funding from national and EU sources for energy efficiency improvements
  • Collaboration with external consultants for ESG implementation
  • Publication of ESG reports (even before mandatory reporting)
  • Collaboration between NGOs and businesses to accelerate change.

Supply Chain Management

Responsible Procurement
  • Use of recycled materials
  • Selection of low-emission materials

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Flooding
Transition Risks
  • Regulatory changes
  • Market shifts
  • Increased energy costs
Opportunities
  • Development of energy-efficient buildings
  • Investment in renewable energy

Reporting Standards

Frameworks Used: GRI, TCFD, EU Taxonomy, CSRD, SFDR, GHG Protocol, BREEAM, LEED, WELL

Certifications: BREEAM, LEED, WELL, DGNB, HQE, ISO 50001, EMAS

UN Sustainable Development Goals

  • SDG 3
  • SDG 4
  • SDG 11
  • SDG 13

Initiatives contribute to these goals through community engagement, energy efficiency, and climate action.

Sustainable Products & Innovation

  • Use of recycled materials
  • Installation of renewable energy systems