ARADEI CAPITAL

BRICKS FOR BUSINESS

E&S STRATEGY – BRICKS FOR IMPACT.

Bricks For Impact - Book - 20 avril 2023 EN vf

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In 2022, Aradei Capital consolidated its environmental, social and societal initiatives under its E&S strategy « BRICKS FOR IMPACT », and is steering this strategy through well-established governance. 

Aradei Capital’s E&S strategy “Bricks for Impact” aims to participate in the development of Morocco’s economic and social infrastructure, to promote growth and employment, while reducing its environmental footprint and offering its employees a safe, stimulating and supportive environment with the ambition to extend these principles to its main partners and stakeholders.

All of Aradei Capital’s activities, ranging from development, planning and construction to the management of operational assets, entail social and environmental responsibilities and improvement opportunities.

The involvement of various stakeholders, be it tenants, suppliers, surrounding communities, or local authorities, is vital to defining and implementing a successful E&S strategy. Aradei Capital’s relationship with its stakeholders allows it to have a continuous communication in order to better understand their challenges and concerns and to undertake the necessary measures to improve its E&S performance.

A STRATEGY BASED ON 3 MAIN PILLARS.

In 2022, Aradei Capital took another step forward in its E&S commitments, consolidating its E&S strategy under a clear governance framework and well-defined KPI’s

A POSITIVE IMPACT ON THE ENVIRONMENT

SUSTAINABLE BUILDING DESIGN
  • % of energy, water savings, tCO² savings per year
  • % of certified buildings

LED RELAMPING
  • % of LED lighting in the common areas

SOLAR PANELS INSTALLATION
  • Number of KWh produced per year, % of total consumption
  • % of assets that can be equipped with solar panels

ANIMAL POLICY IMPLEMENTATION
  • Number of animals sheltered by an association / spayed / cared for

EMS TOOL IMPLEMENTATION
  • Quantitative reporting at the highest standards allowing the monitoring of environmental KPIs 

A TERRITORIAL ANCHORING OF ASSETS IN SERVICE OF LOCAL COMMUNITIES

JOB CREATION
  • Number of direct and indirect jobs created

LOCAL INFRASTRUCTURE SET-UP OR UPGRADE FOR ALL NEW PROJECTS 
  • Value of project management services with a social impact surrounding the company’s assets
  • Post 2022 reflection on healthcare partnerships

SUPPORT OF LOCAL ENTREPRENEURSHIP
  • Value in MAD of free stands or lands given to local entrepreneurs
  • Revenue generated, Number of entrepreneurs having benefited from our initiatives

IMPLEMENTATION OF NECESSARY SERVICES AND AMENITIES FOR LOCAL COMMUNITIES
  • % of GLA dedicated to a non-retail offer

THE PROMOTION OF EQUITY, TRAINING AND TRANSPARENCY, AND EXTENDING THESE PRINCIPLES TO OUR STAKEHOLDERS

PROMOTING DIVERSITY (GENDER – LOCAL RECRUITMENT)
  • Women’s share in the different categories
  • Diversity by age group
  • Share of local hires

TRAINING
  • In-house training: % of people trained
  • External training

E&S GOVERNANCE
  • Number of meetings of the Sustainability committee and the E&S cluster

OUR APPROACH.

In early 2021, Aradei Capital conducted a materiality study in accordance with the AMMC circular n°03/19 published in February 20th 2019, with the help of an international E&S expert (Utopies)

The objective of this study is to identify and prioritize the company’s E&S challenges through a participatory approach: top management consultation (directors and administrators) in order to identify the business importance of the challenges and to realize a consultation of the main stakeholders (employees, tenants, suppliers, real estate and retail experts, E&S experts, etc.) in order to understand their expectations. (This consultation was the first step towards defining our mission).

Prior to these consultations, the Company’s 8  priority E&S metrics were pre-identified according to SASB standards for real estate and in accordance with interviews with the company’s management:

  1. Environmental management
  2. Climate change’s physical impact
  3. Human management
  4. Local economic development
  1. Ethics and Governance
  2. Stakeholder support
  3. Product quality and safety
  4. Design and life cycle

The purpose of consulting internal and external stakeholders is to prioritize these metrics and to specify Aradei Capital’s societal mission. Resulting in an E&S road map that fully supports the fulfilment of our strategic commitments.

  • The ESG materiality matrix is presented as follows:

The materiality analysis highlighted five material priority metrics:

  • Environmental management
  • Local economic development
  • Stakeholder support
  • Ethics and governance
  • Human management

EXAMPLES OF INITIATIVES : LOCAL ECONOMIC DEVELOPMENT.

Handicrafts for all

  • A 3rd edition of “Handicrafts for all” in collaboration with the Ministry of Tourism, Handicrafts, and Social and Solidarity Economy and the Maison de l’Artisan held in December 2022.
  • Establishment of a pop-up store to support local craftsmen.

Key figures…

8

CITIES

8

ASSETS

633

KMAD VALUE OF FREE OF CHARGE POP-UP STORES

243

MMAD REVENUE GENERATED BY LOCAL CRAFTSMEN

A territorial anchoring of assets by serving local communities and territories

EXAMPLE OF INITIATIVES – ENVIRONMENTAL MANAGEMENT.

Delivery of the first EDGE Advanced certified office building

  • Delivery in 2022 of Aradei Capital’s first office building, and the first in Morocco to obtain the Edge Advanced environmental certification (IFC).
40%

Reduction in energy consumption

47%

Reduction in water consumption

227

tCO²/year in CO² emissions reduction

Energy and resource optimization

  • The installation of 300 solar panels has resulted in energy savings of :
25%

In Borj Fes

23%

In Socco Alto

33%

In Atacadao Meknes

  • Aradei Capital has equipped 95% of its common areas with LED lights in 2021 and aims to cover 100% of the areas in the coming years.

A commitment to have a positive impact on the environment