ESG at 
Pradera

OUR PRIORITY

As we recognise pressing issues of climate and social change our priority is to ensure that we implement responsible environmental and social practices on a corporate, fund and asset level in all countries we operate.

Through responsible actions and behaviours, we protect and enhance the environment, build trust among all our stakeholders and operate ethically to the highest standards of corporate governance.

The Pradera Group supports the UN Sustainable Development Goals (SDGs) and our objective is to integrate many of them to promote awareness, learning and dialogue among all our stakeholders including employees, tenants, suppliers, business partners and communities we operate in.

By undertaking initiatives to promote environmental responsibility, ethical standards, equity and diversity, good labour practices, and sound health and safety measures Pradera has the ability to directly influence nine SDGs.

EMPLOYEE RESPONSIBILITIES

SUSTAINABLE PRACTICES

ISO 14001

A workplace where everyone is valued.
We promote fairness, equal opportunities and a culture built on respect and inclusion.

Our environmental management system ensures continuous improvement across all assets we manage.

Waste management

Energy efficiency

Sustainable mobility (EV charging)

Water management

Carbon Reduction

Building Positive Impact for Communities

Supporting local initiatives and charities
Promoting wellbeing across our teams
Encouraging responsible practices with tenants
Creating safe, inclusive public spaces

Our Certifications

We are proud to say that all assets tested to date for BREEAM In-Use certification have achieved outstanding results in the Asset Performance and Management Performance categories.

We work intensively on obtaining green certification and there are plans to add more in other countries.

8 Assets

21 Assets

7 Assets

3 Assets

Asset Performance

Good 0%
Very Good 0%
Excellent 0%

Management Performance

Excellent 0%
Very Good 0%

ESG Policy

Environmental

We have clear environmental policies and standards for our operations.
We comply with local environmental legislation.
We seek to minimise environmental impact.
We improve energy efficiency through clean energy and environmentally friendly practices and products.
Circular use of resources is Pradera’s priority; we increase recycling and strive for zero waste.
We support effective water management and lower consumption.
We support sustainable mobility, reducing pollution and providing EV charging points at our retail centres.

Social & Corporate Governance

We incorporate social policies and goals into every level of our management structure and procedures
We promote and support community events across our assets under management
We commit to regular and transparent reporting to our clients
We adhere to the highest standards of professional integrity

Diversity, Equality & Inclusion

The Pradera Group is committed to being a fair employer, treating everyone equally and promoting a supportive culture of diversity, equality and inclusion.
We do not discriminate on gender, age, ethnicity, sexual orientation, pregnancy and maternity, political opinion, religion and belief, or disability.
We seek to develop and promote from within the Pradera Group where possible, while promoting fairness and diversity.
We value difference and have three goals to achieve this: build a community representative of diversity; recruit and develop talent from diverse backgrounds; present a cultural programme to engage a diverse audience

Health & Wellbeing

The Pradera Group regards positive health and wellbeing as important in preventing mental health problems and is committed to a positive working environment that minimises health risks and promotes mental wellbeing.
We follow all health and safety guidelines that apply to our business.
We promote employee health and wellbeing through support services, information networks and health campaigns.
We provide mental health support through our Employee Assistance Programme.
This Policy is governed by the ESG Committee, which meets monthly and includes Board and senior staff representatives. Delivery of the ESG Policy is the responsibility of all employees.

NET ZERO

Climate change is one of the most pressing and immediate challenges facing the world today. With natural disasters, environmental degradation and rising temperatures, the scale and speed of climate change is unprecedented and action to limit global warming to 1.5°C above pre-industrial levels has never been so urgent.

As a responsible business, we take the environmental impact of our corporate activities and of the assets we manage incredibly seriously. So far, we have made great strides in reducing our carbon footprint and implementing energy efficiency measures and green certification, but we recognise that we need to improve further and transition to Net Zero Carbon.

Given the built environment has a very large emissions footprint with concentrations of carbon dioxide at their highest levels ever, we have taken our environmental responsibilities a step further by committing to target Net Zero Scope 1 & 2 carbon emissions for our corporate activities by 2030, and Net Zero Scope 1, 2 and 3 carbon emissions for our managed funds by 2040.

Our net zero carbon pathway builds upon data analysis, a climate change risks scenario and is aligned with a 1.5°C climate warming scenario of the UN Paris Accord. As part of our net zero carbon strategy, we have become a signatory to the Better Buildings Partnership Climate Commitment and aligned with its Net Zero Carbon Pathway framework, with a focus on reducing embodied and operational carbon, increasing energy efficiency, identifying opportunities for on-site and off-site renewable energy generation, and offsetting only unavoidable carbon.

To achieve our net zero carbon target, we are ingraining our net zero goals into every aspect of our day-to-day asset management and engaging with our tenants and suppliers to help support their carbon reduction initiatives as part of our commitment to reduce our Scope 3 emissions.

We are pleased to present Pradera’s pathway to Net Zero Carbon, our approach to Climate Resilience, and our Taskforce on Climate-related Financial Disclosures (TCFD) Report.

Pradera Net Zero Carbon Pathway

Pradera TCFD

ESG REPORT

Sustainability is highly valued at the Pradera Group as it is deeply embedded in our decision-making and is fundamental to the way we create long-term value for our stakeholders.

Over the course of 2025, we achieved our first Net Zero milestone, a 15% reduction target in Scope 1, 2 and 3 of greenhouse gas emissions in 2025 compared with the 2022 starting point. We also retained ISO 14001 accreditation for our environmental management system, strengthening our sustainability credentials and reinforcing our approach to identifying and mitigating negative impacts.

As part of our ESG agenda, we prioritised green certifications and low-carbon technology projects, including solar panel installations in Spain and Germany, as well as new EV charging infrastructure in Czechia and Germany. In addition, we increased the number of BREEAM In-Use certifications to 36 with new additions in Germany and two new LEED certifications in Italy, bringing the total to three.

In 2025, we prioritised mental health awareness by hosting a session with Mind, the UK mental health charity, where valuable insights into their work were shared and practical guidance to support employee wellbeing were provided.

We partnered with several charities and some of our employees were actively involved in raising funds for charitable causes.

In addition, the Pradera Group has participated in the Global Real Estate Sustainability Benchmark (“GRESB”) in 2025. We are pleased to announce that Pradera European Retail Parks SCSp (“PERP”) achieved the highest ranking among all core European non-listed real estate companies for its Management score in the Global Real Estate Sustainability Benchmark (GRESB). It also secured the top position within its peer group of core European retail warehouse funds for the fourth consecutive year and maintained its five-star GRESB rating for the third time. This exceptional performance reflects the hands-on approach of our asset and property management teams.

We are pleased to present Pradera’s ESG Report, which provides an update on the progress we have made against our 2025 ESG targets and sets out our initiatives for 2026 and beyond.

Download the Pradera ESG Report

GRESB

Pradera European Retail Parks SCSp (PERP) in GRESB
FIRST out of 956 entrants in the Management Component
FIRST place in its Peer Group for the FIFTH time
Achieves its First Net Zero Milestone

Pradera is delighted to announce that its flagship fund, Pradera European Retail Parks SCSp (PERP), has once again demonstrated leading ESG performance in the 2026 Global Real Estate Sustainability Benchmark (GRESB) Real Estate Assessment.

PERP once again achieved first place, this time out of 956 entrants in Europe for the Management Component, reflecting the strength of Pradera’s governance framework and its long-standing commitment to embedding sustainability across all aspects of its business. The fund also secured first place within its peer group of Core European Retail Warehouse Funds for the fifth time and retained its prestigious five-star GRESB rating for the fourth consecutive year.

With an outstanding score of 93.7 points, PERP significantly outperformed both the GRESB average of 80.9 points and its peer group average of 75.7 points. The result represents a 1.2 increase on its 2025 score and a remarkable improvement from its inaugural score of 40 points in 2018, highlighting the fund’s consistent ESG progress since inception.

The 2026 assessment also highlights the tangible environmental impact of PERP’s sustainability strategy. In 2025, the fund achieved an 11% like-for-like reduction in greenhouse gas emissions across Scopes 1, 2 and 3, alongside a 6% reduction in water consumption. These achievements supported the successful delivery of PERP’s first Net Zero milestone, achieving a 15% reduction in Scope 1, 2 and 3 greenhouse gas emissions by 2025 compared with its 2022 baseline.

Colin Campbell, Chairman of Pradera, said: “These results reflect years of commitment to embedding sustainability throughout our business and the dedication of our asset and property management teams. Securing the highest Management score among European Real Estate companies, retaining our five-star GRESB rating, and maintaining our leadership position within our peer group are significant accomplishments. Together, they demonstrate that strong ESG performance not only creates long-term value but also delivers measurable progress.”

Anna Finch, ESG Director at Pradera, added: “These achievements reflect the successful integration of our Environmental Management System, our focus on continuous improvement, and our commitment to delivering practical and measurable sustainability solutions. The results demonstrate the effectiveness of our ESG strategy and reinforce our belief that sustainability and performance go hand in hand.”

Each year, GRESB assesses and benchmarks the performance of real assets worldwide, delivering trusted insights to financial markets on material performance factors that influence long-term value.

The GRESB Assessments are guided by what investors and the industry consider to be the most material issues in the performance of asset investments and are aligned with international reporting frameworks, goals and emerging regulations.

GRESB is the global sustainability intelligence standard for real assets and a certified B Corporation covering 15+ years of validated sustainability data from more than 150,000 real assets across more than 70 markets, 41 property types and 10 infrastructure sectors.

MODERN SLAVERY STATEMENT

ESG at Pradera

Building Positive Impact for Communities