ARADEI CAPITAL
CONTACT
Address : Route de Bouskoura (Ex showroom Opel-Chevrolet)
Email : contact@aradeiservices.com
Tel. : +212 5 22 58 56 50
E&S STRATEGY.
The E&S strategy of Aradei capital aims at participating to the development of Morocco’s economic and social infrastructures, promoting growth and employment, while reducing its environmental footprint and offering a safe, stimulating and supportive environment for all its employees.
All Aradei’s activities, from development, through planification, construction to existing sites management, carry with them environmental and social responsibilities and improvement opportunities.
Stakeholder engagement is key for Aradei’s E&S strategy to be successful. Aradei Capital’s relationships with its stakeholders, whether they are suppliers, tenants, local communities, or local authorities, allow for ongoing dialogue through which Aradei can better understand their business needs and concerns, and take action to improve its E&S performance.
MATERIALITY ANALYSIS.
In early 2021, Aradei Capital conducted a materiality study in accordance with AMMC circular n ° 03/19 published in February 20, 2019. Aradei Capital is supported by an international firm expert in ESG (Utopies).
The objective of this study is to identify and prioritize the Company’s ESG issues through a participatory approach: a leaders’ consultation (directors and administrators) in order to identify the issues business importance and a selection of stakeholders’ consultation (employees, tenants, suppliers, real estate and retail experts, ESG experts, etc.) in order to understand their expectations. (This consultation is the first step towards defining the mission).
Prior to these consultations, the Company’s 8 material ESG issues were pre-identified according to SASB standards for real estate and interviews with the property company management board:
- Environmental management
- Climate change physical impact
- Human capital management
- Local economic development
- Ethics and governance*
- Clients relationships
- Products’ quality & security
- Design and lifecycle
The purpose of consulting internal and external stakeholders is to prioritize these material issues and to clarify Aradei Capital’s societal mission. This will result in our ESG strategy and roadmap that will support our strategic commitments’ achievement.
- The ESG materiality matrix is presented as follows:
The materiality analysis highlighted five priority material metrics:
- Environmental management
- Local economic development
- Clients relationship
- Ethics and governance
- Human capital management
3 STRATEGIC PILLARS.
E&S strategy will be achieved by bringing forward three strategic pillars on acting for the good of the environment, territories and stakeholders.
ACTING FOR THE DYNAMISM OF THE TERRITORIES
- Anchored sites in their territories, close and accessible
- A strong impact on the local communities (modern infrastructure, employment, local suppliers)
- A territorial network across 22 Moroccan cities, in main as well as secondary cities where the modern infrastructure needs are the most important
- A place to promote local handicraft, culture, health, prevention and well-being, leisure, education, sport, etc.
- Initiatives in favor of local communities by supporting local associations and artisans and promoting local employment
HAVING A POSITIVE IMPACT ON THE ENVIRONMENT
- The first EDGE Advanced certified building in Morocco and ongoing environmental labeling studies for operating assets and greenfield developments
- Further initiatives to optimize resources (LED lighting, waste treatment, photovoltaic panels, etc.)
GROWING BY DEVELOPING INTEGRATED PLACES CREATING VALUE FOR ALL STAKEHOLDERS
- The E&S strategy is integrated within the Company’s governance, business, strategy and operations to support the Company’s growth and operations.
Example of action related to the second pillar : Local economic development.
A commitment to have a positive impact on the environment and local communities
Example of action related to the first E&S pillar : Environmental Management.
A commitment to have a positive impact on the environment and local communities
Next Steps.
- The next steps are :
- Finalize the 5-year E&S action plan aligned with stakeholders priorities
- Define measurement methods and KPIs to track E&S initiatives progress and impact
- Communicate on Aradei Capital’s E&S initiatives and KPIs
