LI Klepierre

PRESS RELEASE

KLÉPIERRE CEMENTS CSR LEADERSHIP, MAINTAINING ITS #1 INDUSTRY RANKING

Paris, October 15, 2021

In the results of the 2021 Global Real Estate Sustainability Benchmark (GRESB) assessment, Klépierre has once again been recognized for the quality of its corporate social responsibility (CSR) policy. For the second year in a row, Klépierre, the European leader in shopping malls, has ranked top of the “Global Retail Listed”, “Retail Listed” and “Europe Listed” categories.

RECOGNITION OF THE GROUP’S COMMITMENT

The many indicators and results behind Klépierre holding on to its top spot include a 43% reduction in electricity consumption and an 82% decrease in the carbon footprint of Klépierre shopping malls over the last seven years, the sourcing of green energy across Europe, the installation of on-site renewable energy production facilities, 96% recovery of waste, dedicated spaces for local players in 98% of centers. Let alone vaccines dispensed in malls to some 500,000 visitors.

Created in 2009, GRESB is the global ESG benchmark for financial markets. The mission-driven organization performed an in-depth, 360-degree review of the participating companies’ commitment to CSR, assessing their dedication and steps taken at all levels, from strategy to concrete undertakings, method and results. Following on from numerous other awards (including recognition at the 2021 BREEAM Awards, in the CDP’s “A-List” and in the 2021 AAA ESG ranking from MSCI) for its CSR practices, this latest distinction from industry professionals points to Klépierre’s engagement and excellence in all these areas.

“We are very proud of these results, which reflect the commitment shown by all the Klépierre Group’s teams,” said Jean-Marc Jestin, Chairman of the Klépierre Executive Board. “Despite the crisis, we elected to pursue our CSR policy rather than scale it down. And that choice paid off, as the GRESB 2021 results illustrate. They confirm Klépierre’s leadership in CSR for the second year in a row and encourage us to press ahead with the array of measures we have implemented as part of our Act for Good® approach.”

AN AMBITIOUS AND PRAGMATIC CSR POLICY

These results recognize a firmly-rooted operational approach that integrates environmental, societal and social issues. In 2018, Klépierre launched Act for Good®, the Group's CSR policy based on 3 pillars, 13 commitments to 2022, ambitions to 2030 and hundreds of actions and initiatives, demonstrating the teams commitment in the shopping centers. This approach, which is anchored in all the countries where the Group operates, also adapts to local challenges so as to encourage each mall to get involved in its own way.

Thanks to a practical action plan (2018-2022) and ambitions for 2030, the Group has made demonstrable progress in each of its Act for Good® pillars:

• Act for the Planet – With the tailored oversight of its assets’ electricity consumption, the sourcing of green energy across Europe and the installation of on-site renewable energy production facilities, Klépierre has reduced its carbon footprint by 82%.
• Act for Territories – 95% of Klépierre shopping centers work towards fostering employment opportunities. They host and promote local initiatives that contribute to the economic and social vitality of their surrounding areas.
• Act for People – Health and well-being are paramount at Klépierre shopping centers. Some 94% of the malls in the Group’s portfolio offer special services for their retailers’ employees.

Find out more about Klépierre’s CSR commitments.

ABOUT KLÉPIERRE

Klépierre, the European leader in shopping malls, combines development, property and asset management skills. The company’s portfolio is valued at €21.5 billion at June 30, 2021 and comprises large shopping centers in more than 10 countries in Continental Europe which together receive hundreds of millions of visitors a year. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager. Klépierre is a French REIT (SIIC) listed on Euronext Paris and is included in the CAC Next 20, EPRA Euro Zone and GPR 250 indexes. It is also included in ethical indexes, such as DJSI World and Europe, Euronext CAC 40 ESG Index, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and World 120, and features in CDP’s “A-list”. These distinctions underscore the Group’s commitment to a proactive sustainable development policy and its global leadership in the fight against climate change. For more information, please visit the newsroom on our website: www.klepierre.com 

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