ARGAN published its new ESG strategy and has set ambitious targets for 2025 and 2030
18 Oktober 2023 - 5:45PM
ARGAN published its new ESG strategy and has set ambitious targets
for 2025 and 2030
Press release – Neuilly sur Seine, Wednesday, October
18, 2023 – 5.45 pm
ARGAN published its new ESG strategy and
has set ambitious targets for 2025 and 2030
ARGAN, the only listed French real
estate company specializing in the DEVELOPMENT and RENTAL of
PREMIUM WAREHOUSES, published its 2023 ESG report, detailing its
strategy for the 2023-2030 period, including a review of actions
taken in 2022. This new step strengthens our real estate’s company
commitment towards a responsible development that benefits all
stakeholders (clients, shareholders, employees, territories where
we operate…). Our ambition: to be a benchmark in
terms of efficient, sustainable and PREMIUM
logistics real estate.
ARGAN’s ESG approach was
initiated nearly 10 years ago and led to many actions, which were
summarized in a first report published in 2022.
Among ARGAN’s achievements in
the last few years:
- We
strongly reduced our business environmental footprint:
this was a result of the deployment of a Climate Plan, first
initiated in 2018, which included the roll-out of photovoltaic
power stations, the installation of LED lighting systems, and the
launch in 2021 of the Autonom® concept; i.e., the warehouse that
generates and uses its own green energy. Renewable energy
production thus represented 15,000 MWh in 2022, and half of our
buildings have an environmental certification;
- We
maintained practices that stand out in terms of
governance: this includes clear differentiation between
the roles of the Supervisory Board and the Executive Board,
independent chairmanship of the Audit Committee and the
Appointments & Remuneration Committee, and very high attendance
rates for the meetings of the Supervisory Board (more than
90%);
-
We paid strong attention to social and
societal stakes: this was achieved by making our people a
part of the overall success by sharing the generated value
(attractive salary policy, profit sharing, commercial bonuses, and
a free share plan for all), while maintaining a very narrow equity
ratio (1.9), at a benchmark level amongst French listed
companies.
Today, we are writing a new chapter. This
testifies to management’s and all employees’ strong intention to
reaffirm even more clearly and firmly our commitments for tomorrow
on the three ESG components and to align our approach with
international standards, for example the SBTi when it comes to our
low-carbon trajectory.
This updated strategy is set for the long run
(2030), with regular milestones and, if necessary, adjustments and
shifts.
Built around some forty indicators, our strategy
includes actions:
- For the
Environment, by:
- Roling out a
defined roadmap to reduce carbon emissions in line with a
1.5°C SBTi trajectory. By 2030, and
compared with our 2022 carbon footprint, we are thus targeting a
-70% decrease in Scope 1 emissions, a Net
Zero level in our Scope 2 and -50% less emissions
linked to the processes of our warehouses on our Scope
3;
-
Deploying consistently
our Autonom®-labelled warehouses for all new
developments and by considerably improving the existing
portfolio as we target, for 2030, 65% of ARGAN’s
warehouse surfaces without gas, with an ambitious
project to replace highly
CO2-emitting gas boilers
with air / water heat pumps, and 100% of our sites
equipped with Centralized Technical Management Systems,
which monitor and manage energy in buildings;
-
Accelerating the decrease
of our business impacts on natural resources, by meeting a
20% ratio of new developments through the
turnaround of former
industrial brownfields and 100% of our new
warehouses with strengthened management of water
use.
- For
Governance, by:
-
Strengthening ESG criteria in terms of Group business
ethics, as we aim for 100% of suppliers endorsing
our ESG charter by 2030, and
such criteria being included in
all legal documentation biding ARGAN to
its stakeholders;
-
Increasing the number of frameworks and
benchmarks part of ARGAN’s standards: already in 2023,
ARGAN has committed to the United Nations
Global Compact, as well as to the French state’s
“Companies Committed to nature” (Entreprises
Engagées pour la Nature), our Group plans a sustained
dialog with ESG rating agencies (Sustainalytics, GRESB…).
Longer term, we target certifications by renowned and
independent bodies regarding our low-carbon climate
ambitions;
-
Expanding our involvement in a
business development that meets as much as possible local
needs, through co-construction processes with the
territories where we start operating for 100% of our development
projects.
- For
Societal topics, by:
-
Maintaining an attractive policy for employees, by
favouring loyalty and skills
development, by keeping a 100% ratio of
Group employees part of additional pay measures (free share plan,
profit sharing and commercial bonuses for all) with a
benchmark equity ratio. And by
consistently training all staff as well as
implementing individual coaching program
for executives who demonstrate potential;
- Raising
awareness on topics related to health & safety at
work, as part of a dedicated program that will be
rolled out for all on-site
employees;
-
Strengthening co-benefits for the territories where we
operate, by targeting 25% of construction,
maintenance and upkeep contracts that would include an integration
clause by 2030.
These targets, selected among the 35
commitments taken for 2025 and 2030, are part of ARGAN’s
2023-2030 ESG roadmap and testify to the shared
commitment of Group management and all staff members to
amplify actions around the three sustainable priorities:
the Environment, Social & Societal topics
and Governance.
This ESG strategy is a reflection of who we are:
ambitious and pragmatic as well as driven towards concrete actions
to limit our impacts and help our customers meet their own goals.
In sum: ESG for Efficiency, Strongly frugal energy choices, Gains
that are win / win!
The 2023 ESG report published today is
available on our argan.fr website under
“ESG commitments” (in English and
French).
Financial calendar 2024 (Publication of the
press release after closing of the stock exchange)
- January 3: 2023 Annual Sales
- January 18: 2023 Annual Results and 2024 targets
- March 21: Annual General Meeting
About ARGAN
ARGAN is the only French real estate company
specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES
listed on EURONEXT and is the leading player of its market in
France. Building on a unique customer-centric approach – which
consists in tailor-made and innovative support throughout all
project phases from the development milestones to the rental
management – ARGAN has grown strongly since it first started in
2000. The company is thus now generating more than 180 million
Euros in yearly rental income in 2023. Moreover, as of now, our
portfolio consists in spaces of 3.5 million sq.m, across about a
hundred warehouses all located in France, which are worth 3.6
billion Euros. ARGAN’s development model takes into account all its
stakeholders and aims at pursuing a growth path that is profitable,
with a debt kept under control, while ensuring to fully minimise
its environmental and societal impact.ARGAN is a listed real estate
investment company (French SIIC), on Compartment A of Euronext
Paris (ISIN FR0010481960 - ARG) and is included in the Euronext SBF
120, CAC All-Share, EPRA Europe and IEIF SIIC France
indices.www.argan.fr
Francis
Albertinelli – CFO Aymar de Germay – General SecretarySamy Bensaid
– Head of Investor RelationsPhone: +33 1 47 47 47 40 E-mail:
contact@argan.frwww.argan.fr |
Marlene Brisset – Media relationsPhone: +33 6 59 42 29
35E-mail: argan@citigatedewerogerson.com |
|
|
- 20231018- ARGAN pulished its 2023 ESG Report
Argan (EU:ARG)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Argan (EU:ARG)
Historical Stock Chart
Von Apr 2023 bis Apr 2024