Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Governance & Compliance
• Economic Performance
• Sustainable Procurement
• Employment & Working Conditions
• Diversity & Human Rights
• Talent Management & HR Development
• Health & Safety
• Social Commitment
• Climate & Energy
• Resource Conservation & Circular Economy
• Sustainable Urban District Development
• Tenant Relation & Retention
• Tenant Comfort and Well-Being

Environmental Achievements

• 100% electricity from renewable energy sources in the existing portfolio by 2023 (landlord obtained).
• Development of a green lease strategy to increase the share of renewable electricity in the investment portfolio.
• Digital measurement of energy key figures for 100% of the multi-tenant office portfolio by 2025.
• Active energy management and energy optimisation of the investment portfolio.
• Definition of a group-wide standard for sustainable project development based on tenant needs and the EU Taxonomy Regulation.
• Development of all new office and hotel buildings according to at least DGNB Gold or LEED Gold certification standard.
• Implementation of an active waste management system and water consumption monitoring in building operations.
• Green lease contracts for optimization of waste separation.

Social Achievements

• Commitment to strengthening worker's rights, preventing human rights abuses and acting in accordance with the principles of non-discrimination, equal opportunities and zero tolerance of corruption and bribery throughout our sphere of influence.
• Consideration of a wide range of measures for the health and comfort of future users already in the course of building planning and development (DGNB, LEED, WELL certification standards).
• Standardised safety concepts on construction sites and in building operation
• Comprehensive protective measures in the wake of the Covid-19 pandemic.
• Occupational health care, flexible working time models.

Governance Achievements

• Responsible corporate governance and compliance with socially, environmentally and economically relevant requirements.

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• Social and environmental requirements in CA Immo Procurement Directive.
• Obligation of all construction service providers to comply with the sustainability standards according to DGNB Gold or LEED Gold (e.g. material declaration, worker protection).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: EPRA Sustainability Best Practice Recommendations 3rd Edition (sBPRs), TCFD, GRI

Third-party Assurance: Sustainalytics

Awards & Recognition

• EPRA sBPR Gold Award
• EPRA sBPR Most Improved Award

Environmental Metrics

ESG Focus Areas

• Climate & Energy
• Sustainable procurement & supply chain
• Resource conservation & circular economy
• Sustainable urban district development
• Business Ethics, Corporate Governance & Compliance
• Health, safety & wellbeing

Environmental Achievements

• Reduced the CO2 emissions intensity of the investment portfolio by 67% (2019-2023)
• Reduced the energy intensity of the investment portfolio by 33% (2019-2023)
• Increased the share of waste separation to 84% (2023)
• Reduced water consumption by 16% (2023 compared to 2022)
• 83% of the total investment portfolio has a sustainability certificate or is in the certification/refurbishment process

Social Achievements

• 33% share of women in management positions
• Annual group-wide H&S checks (HSE) in all buildings
• Annual compliance and anti-corruption training for all employees (100% completion in 2023)
• Provided office space in Warsaw free of charge to support Ukrainian refugees

Governance Achievements

• Improved Sustainalytics ESG Rating among the top 7% of globally rated real estate companies
• Signatory of the UN Global Compact since 2022
• Further improvement in some ESG ratings

Climate Goals & Targets

Environmental Challenges

• Weakening of real estate investment markets and declining property values due to high inflation and rising interest rates
• Illiquid transaction markets, longer decision-making lead times, and shifting preferences impacting business performance
• Shortage of skilled workers and socio-cultural change impacting employer branding
• Pressure from the capital market to reduce CO2 emissions
• Increased competition for tenants and pressure on rents

Mitigation Strategies

• Continued strategic value-accretive capital rotation program
• De-risking of the development pipeline
• Strong balance sheet and liquidity position
• Targeted measures to strengthen employer brand
• High building quality with a high proportion of sustainability certifications
• Active portfolio management
• Broad diversification across various countries and core markets

Supply Chain Management

Responsible Procurement

• Social and environmental requirements in the CA Immo Procurement Directive
• Compliance checks on governance, social, and environmental standards for contractors and suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Rising temperatures
• Drought
• Flooding

Transition Risks

• Stricter regulations on decarbonization and energy efficiency
• Changes in market demand
• Reputational risks

Opportunities

• Lower operating costs through increased efficiency
• Use of renewable energies
• Access to green finance
• Higher demand for green buildings

Reporting Standards

Frameworks Used: GRI, TCFD, UNGC, EU Taxonomy Regulation, CSRD, ESRS

Certifications: DGNB, LEED, BREEAM, WELL, WiredScore, SmartScore

UN Sustainable Development Goals

• 7 (Affordable and Clean Energy)
• 9 (Industry, Innovation and Infrastructure)
• 11 (Sustainable Cities and Communities)
• 13 (Climate Action)

Initiatives contribute to these goals through energy efficiency, sustainable building practices, urban development, and climate action

Sustainable Products & Innovation

• Energy-efficient buildings
• Green buildings

Awards & Recognition

• EPRA sBPR Gold award for ESG reporting