Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Community
• Organisation Probity

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ICMA Green Bond Principles (2018), LMA Green Loan Principles (2020), UN Sustainable Development Goals

Third-party Assurance: Sustainalytics (Second Party Opinion), Independent auditor (limited assurance report)

UN Sustainable Development Goals

• Goal 3
• Goal 4
• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 11
• Goal 12
• Goal 15

The Group supports the 2030 Agenda and recognises its business is able to bring valuable contribution on a limited number of these and is focusing its efforts on the most relevant goals.

Environmental Metrics

ESG Focus Areas

• Green Buildings
• Energy Efficiency
• Renewable Energy
• Clean Transportation

Environmental Achievements

• Two properties certified with BREEAM Excellent and LEED Gold; 15 projects under assessment for certification.
• Strives to efficiently manage electricity, gas, and water consumption to reduce carbon footprint.

Social Achievements

• Openly engages authorities and communities in project development stages via dialogue.
• Complies with internal policies and procedures for occupational health and safety; Social and Ethics Committee reviews health and safety regulations annually.

Governance Achievements

• Green Financing Committee (GFC) oversees evaluation and selection process for green financing projects.
• Treasury team oversees management of proceeds.

Climate Goals & Targets

Environmental Challenges

• Potential negative environmental and social outcomes from eligible projects (occupational health and safety, community relations, land use, biodiversity, waste from construction).

Mitigation Strategies

• Compliance with EU Directive 2011/92/EU (Environmental Impact Assessment), EU regulation on construction and demolition waste, and Equator Principles.
• Optimizing supply chain for property development, prioritizing natural lighting and energy-efficient fittings, reusing salvaged materials, maintaining close relationships with environmental authorities.
• Internal policies and procedures for occupational health and safety, annual review by Social and Ethics Committee.
• Open engagement with authorities and communities.
• Exclusion of financing for fossil fuels, mining, nuclear technologies, weapons, alcohol, tobacco, gambling, adult entertainment, and deforestation.

Supply Chain Management

Responsible Procurement

• Optimizing the supply chain for property development

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Green Bond Principles 2018, Green Loan Principles 2020, EPRA’s Sustainability Best Practices Recommendations, Global Reporting Initiative (GRI) Standards

Certifications: BREEAM, LEED

Third-party Assurance: Sustainalytics

UN Sustainable Development Goals

• SDG 7
• SDG 11

Financed activities contribute to improved energy performance of CEE retail building stock, increase renewable energy production, and promote sustainable transport and mobility.

Environmental Metrics

ESG Focus Areas

• Environment
• Community
• Organisation Probity

Environmental Achievements

• Reduced LFL GHG emissions by 18% compared to the 2023 financial year.
• Increased share of renewable energy to 44% (2023: 34%).
• 76% of assets (weighted by GLA) have an A rating in Energy Performance Certificates.

Social Achievements

• Organized 16 fundraising events, 74 wellbeing and educational activities, 29 donation campaigns, and 21 waste management and other environmental activities.
• Increased number of fast-charging stations for electric vehicles from 11 to 22.

Governance Achievements

• Implemented a Green Financing Framework, evaluated by Sustainalytics.
• Maintained a zero-tolerance policy for bribery or acts of corruption.
• No health and safety non-compliance incidents reported.

Climate Goals & Targets

Environmental Challenges

• Funding and liquidity challenges due to the challenging funding environment for real estate companies.
• Potential failure or underperformance of the joint venture with Prime Kapital.
• Economic and/or political uncertainty in Central and Eastern European markets.
• Rapid growth in e-commerce impacting brick-and-mortar retail.
• Challenges in identifying appropriate and feasible environmental and social initiatives.

Mitigation Strategies

• Implemented a debt management plan to reduce refinancing risks.
• Co-investment in DJV aligns interests; biannual impairment assessment of exposure.
• Close communication with tenants and monitoring macroeconomic factors.
• Asset management initiatives to increase properties' attractiveness.
• Implemented a Green Funding Framework to prioritize initiatives.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier’s Code of Ethics and Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (floods, wildfires, etc.)
• Rising average temperatures and weather variability

Transition Risks

• Increased regulation on energy efficiency
• Exposure to legal action
• Technology costs
• Market changes in tenant behavior
• Reputation risks

Opportunities

• Use of renewable energy
• Strong competitive advantage
• Develop energy-efficient products
• Diversify tenant mix
• Enhance stakeholder transparency

Reporting Standards

Frameworks Used: GRI Standards, King IV, EPRA Sustainability Best Practices Recommendations (sBPR) (referenced, not fully compliant)

Certifications: BREEAM, LEED, EDGE

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 11
• Goal 12
• Goal 13
• Goal 15

MAS's initiatives contribute to these goals through various environmental and social programs.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed