Climate Change Data

Branicks Group AG

Climate Impact & Sustainability Data (2020, 2022-2023)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:42,257 tCO2e/year (2020)
Scope 1 Emissions:272 tCO2e/year (2020)
Scope 2 Emissions:39 tCO2e/year (2020)
Scope 3 Emissions:38,767 tCO2e/year (2020) + 2,949 tCO2e (Institutional Business)
Renewable Energy Share:100% (common-area electricity)
Water Consumption:179,623 m3/year (2020)
Waste Generated:594,174 liters/year (2020)

ESG Focus Areas

  • Environment
  • Social
  • Governance
  • Economy

Environmental Achievements

  • Reduced CO₂ emissions by 23.0% (from 54,883 tCO₂e in 2018 to 42,257 tCO₂e in 2020)
  • 100% renewable energy for common-area electricity supply in the Commercial Portfolio since 2011
  • Launched 'smart metering' project in 2020 to digitize consumption data

Social Achievements

  • Maintained employment levels during the COVID-19 pandemic, without layoffs or short-time work
  • Relocated to a state-of-the-art work environment in 2014
  • Relaunched career website in June 2020
  • Implemented peer-to-peer recruitment program
  • Injury rate of 0.0 (accidents/worked hour)

Governance Achievements

  • Established a compliance guideline in 2013 (updated in 2020)
  • Implemented a whistleblower system in 2017
  • Created the position of Head of Sustainability in early 2021
  • Issued first ESG-linked promissory note of over EUR 250 million in 2021

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Increase green building quota to 20% by the end of 2023

Environmental Challenges

  • Supply chain disruptions due to the COVID-19 pandemic
  • Climate change and its impact on real estate (physical and transition risks)
  • Data collection challenges for ESG reporting, particularly tenant electricity consumption
  • Balancing stakeholder expectations (investors, tenants, employees, public)
Mitigation Strategies
  • Proactive agreements with tenants impacted by COVID-19
  • Integration of ESG aspects into all phases of the value-adding model
  • Development of an ESG management approach
  • Implementation of smart metering systems
  • Ongoing stakeholder dialogue and engagement

Supply Chain Management

Responsible Procurement
  • Preference for regional products, renewable resources, and environmentally friendly products

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events impacting building fabric and occupancy
Transition Risks
  • Tightened legislation on energy efficiency and emission limits
Opportunities
  • Proactive modernization of buildings, integration of ESG criteria into investment decisions

Reporting Standards

Frameworks Used: GRI Standards, EPRA sBPR

Certifications: DGNB, LEED, BREEAM

Reporting Period: 2022-2023

Environmental Metrics

Scope 1 Emissions:0 tCO2e/year
Scope 2 Emissions:6,291 tCO2e/year (location-based), 879 tCO2e/year (market-based)
Scope 3 Emissions:11,983 tCO2e/year (location-based), 11,983 tCO2e/year (market-based)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Energy intensity (excluding tenant electricity) decreased by 13% compared to 2022.
  • GHG emissions intensity (location-based) decreased by 11% to 23.1 kg CO2e/sqm.
  • Number of sustainably certified assets increased from 33 to 37.

Social Achievements

  • Employee gender diversity improved at executive and employee levels.
  • Employee training hours increased to 11.88 hours per employee (from 6.5 hours).
  • Zero fatal occupational accidents.

Governance Achievements

  • The Supervisory Board maintained a high number of independent members.
  • No conflicts of interest arose in 2023.
  • Annual Declaration of Compliance issued in accordance with section 161 of the Stock Corporation Act (AktG).

Climate Goals & Targets

Environmental Challenges

  • Data limitations in reporting tenant electricity consumption and waste data.
  • Extrapolation of data for some properties due to incomplete information.
  • Slight increase in employee turnover.
Mitigation Strategies
  • Internal reasonableness check performed.
  • Voluntary limited assurance conducted on the 2023 Sustainability Report.
  • Data extrapolation based on energy performance certificates, prior-year data, and partial year consumption.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: EPRA sBPR Guidelines (third version, 2017), GRI Standards

Certifications: DGNB, LEED, BREEAM, ENEV-2009

Third-party Assurance: Independent auditor conducted voluntary limited assurance on the 2023 Sustainability Report.