ESRS disclosure: E5-1_01

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  • Does the undertaking's policy address transitioning away from the use of virgin resources, and if so, how does it incorporate the relative increase in the use of secondary (recycled) resources?
  • Question Id: E5-1_01

    Since 2020, the Group adopted a Circular Economy Framework to guide the development teams in the incorporation of circular economy design solutions in their projects. This practical framework allows them to better understand and apply the right circular economy solution for their projects. As part of its pioneering commitment to reducing its construction carbon footprint by -35% between 2015 and 2030, the Group focuses on the choice and use of materials for its development projects. Specifically, it involves: adopting a 'lean material construction' approach right from the design phase (structure, façade, false ceilings, fixtures and fittings, etc.); using new solutions and optimised low-carbon materials (low-carbon cement and concrete, bio-sourced materials, recycled materials, etc.); asking subcontractors to put forward alternative solutions with low-carbon content; and adopting a purchasing policy that includes criteria for the carbon content of products and construction materials (requiring environmental and H&S certification – Environmental Product Declarations). In 2019, the Group also developed guidelines on low-carbon interior design to help from the very beginning the interior architect design teams to choose the best material options for interior design of shopping centres based on their carbon performance and therefore also promoting reuse. The Group’s priority is to work towards reducing the carbon impact of the most significant items, beginning with the structure and foundations of the building. The Group studies the use of low-carbon concrete for all its development projects and the use of materials or use of materials with recycled content when possible.

    Report Date: 4Q2023