The Science Based Targets initiative (SBTi) has revalidated Klépierre’s climate targets. Following the initial validation in 2020, this latest validation confirms that the Group’s decarbonization pathway is aligned with limiting global warming to 1.5°C.

Recalculated in line with SBTi’s new sector-specific criteria for buildings, Klépierre’s 2030 targets include a 67.4% reduction in greenhouse gas emissions per square meter across the Group’s shopping centers, compared with 2017 levels.

This pathway covers all three emissions scopes:

• Scopes 1 and 2, covering emissions directly controlled by Klépierre across its shopping centers, including energy consumption in common areas, refrigerant leaks, and the company vehicle fleet;
• Scope 3, including emissions associated with tenants’ energy consumption, which account for the largest share of the Group’s emissions.

Klépierre has also committed to no longer installing new fossil fuel-powered equipment in its shopping centers.

This strengthened, science-based pathway is fully embedded in Act4Good®, Klépierre’s CSR strategy launched in February 2023. Through this roadmap, the Group is pursuing a clear ambition: to build Europe’s most sustainable platform for commerce by 2030.

The strategy is built around four complementary pillars:

• Achieving net-zero carbon emissions;
• Serving communities in the areas where its shopping centers operate;
• Growing people among employees, partners, and visitors;
• Promoting sustainable lifestyles across its entire ecosystem.