- Risk that urban units, offices or shopping centres will lose their appeal
- Need for property projects to be acceptable by elected officials and local residents
- Tightening of environmental regulations
- Worsening climate events (heat waves, flooding, etc.)
- Decrease in footfall and revenue following major operational disruptions in Retail
- Difficulties in collecting rent invoicing in Retail
- Decline in values in Retail
- Delay in building sites in Business Property leading to some deliveries being put back to 2021
Altarea
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
Renewable Energy
75% of electricity consumed in shopping centres
of total energy
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2019 | 7.1K ktCO2e (Scope 3) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced CO2 emissions by -87.5% in the Retail portfolio (versus –59.5% in 2019) for 4th consecutive year
- 79% of Altarea’s Business property projects used renewable energy in 2020 and 27% plan to generate renewable energy on site
- 100% of new Retail, Business property and Residential units have environmental certification
- Green Star 5* status by GRESB for the 5th consecutive year
🎯 Climate & Sustainability Targets
🔭 Long-term
- Carbon-neutral city and 100% renewable energy by 2050
🌱 ESG Focus Areas
CityCustomersTalentsClimate ChangeEnvironmental PerformanceSocial InclusionHuman RightsDiversity & InclusionCircular EconomyBiodiversity