Number of employees at the company250+

What is the measurable positive impact from implementing ESG?

The Company has been issuing Sustainability Performance report from 2019 and the targets set are having baseline from 2019. EU Taxonomy is obligatory to be reported for the 2023 activities, which the Company will disclose in the Annual Report in March 2024. The Company will report under CSRD from 2025 for 2024 activities, while the 2023 activities will be reported under NFRD, which is a base for CSRD. The Company conducted Materiality Assessment during 2022. The Group identified and prioritized its key focus items of medium and high risks and opportunities to base its short and medium-term targets. Understanding the context in which NEPI Rockcastle operates allowed a more focused review of the topics to be considered in the materiality assessment. The following aspects were considered: • Identified NEPI Rockcastle material topics, • Industry and geographies-relevant topics, • Best practices in the real estate industry, • Main concerns voiced by the investment community, • Primary ESG risks and opportunities, including climate change, • Potential changes in legislation in the countries where, the Company operates.

What kind of innovation or technology does the company use?

The Company uses Deepki platform to collect consumption data from all the assets and determines the emissions for all the assets. Based on the consumption data, the Company prepares the environmental impact which is than reported in the Annual Report / Sustainability Performance section: https://nepirockcastle.com/wp-content/uploads/2023/03/NEPI_Rockcastle_Annual_Report_2022.pdf#page=81
During 2023, the Company installed AI into BMS system that enables to lower the energy consumption and therefore emissions.

Who are the founders of the company and what is their experience?

NEPI Rockcastle is the premier owner and operator of shopping centres in Central and Eastern Europe ('CEE'), with presence in nine countries and an investment portfolio of €6.6 billion. The Company was founded in 2007 in Romania and in 2017 the Romanian entity merged NEPI with Rockcastle (a significant real estate company operating in Poland and Czech Republic), creating the largest retail real estate group in CEE. Listing of the newly merged company on two stock exchanges, JSE and Euronext Amsterdam (‘Euronext’). Also during 2017 the Company entered into Bulgaria and Hungary, with the acquisition of prime assets in Sofia and Budapest, taking NEPI Rockcastle’s presence to a total of eight CEE markets. Finalization of the Office, Cluj-Napoca development project, through the opening of its third phase. Successful issue of €500 million unsecured bond under its EMTN programmed launched during the year. On the beginning of 2024, the Company employs over 550 people.
https://nepirockcastle.com/group/about-us/

What is the leadership style of the company? Is this a sustainable one?

The Group benefits from a highly-skilled internal management team which combines asset management, development, investment, leasing and financial expertise. Geographically diverse management skills allow NEPI Rockcastle to pursue CEE property opportunities efficiently, benefiting from a strategic advantage in the acquisition, development and management of properties. NEPI Rockcastle owns and operates 60 retail properties. With Group level management of tenant relationships and a focus on cross-country collaboration, the Group is the leading strategic partner for major retailers in the CEE countries and employs thousands of local people. On 27 May 2022, the Company announced that Rüdiger Dany ('CEO') and Eliza Predoiu ('CFO') were permanently confirmed in their respective roles, with effect from 1 June 2022. The Board also appointed Executive Director Marek Noetzel as Chief Operating Officer ('COO') with effect from 1 June 2022.On 10 May 2022, NEPI Rockcastle’s shareholders voted in favour of migrating from the Isle of Man to the Netherlands, via Luxembourg. Both moves received over 99% approval from voting shareholders. On 6 September 2022, the Company successfully completed its migration to the Netherlands, under the name NEPI Rockcastle N.V. This marks the completion of a significant corporate milestone for the Group and its shareholders. Under the Board’s oversight, the Company fully aligned its corporate governance framework to the Dutch Corporate Governance Code. The Sustainability Committee, comprising Executive and non-Executive Directors of the Board of Directors, actively oversees the development and implementation of durable,
long-lasting policies, and monitors the progress made by the Group. The Executive Directors regularly engage in dialogue with the Board on key sustainability aspects and ensure that the long-term strategy enables growth in a sustainable and responsible manner, considering the risks and opportunities associated with key environmental, social and governance matters, including climate change. The sustainability strategy execution and progress are monitored at the highest level of executive management,
i.e., by the CFO, as the Executive Director part of Sustainability Committee, and ultimately by the CEO. In 2022, the Company appointed a Group Head of Sustainability to lead the execution, track progress of implementation of sustainable initiatives, and report the status. The Head of Sustainability reports to the CEO and works closely with internal and external stakeholders.
The Head of Sustainability has regular contact with the Sustainability Committee and is the primary responsible to advance the sustainability agenda and priorities focused and concerted actions across the portfolio. The Group Head of Property Management, also appointed in 2022, is tasked with championing the environmental program in the assets, keeping a close eye on progress
towards targets, and inspiring teams to seek out new ways to minimise the Company's impact on the environment. On a local level, each asset team is responsible for maintaining properties, proposing and executing action plans and CAPEX investments addressing sustainability, regularly reporting and storing environmental data through a digital platform. Specific KPIs have been defined and embedded in the annual performance assessment for key management levels, from the Executive Directors downwards, in order
to link ESG performance to personal performance and remuneration. Such KPIs cover all business functions in the Company, demonstrating the commitment across the whole Company.

What is the company's business model and how is this scalable?

The Company's business model is management of the assets that the company owns as well as development of the new assets (currently planned in Romania and Bulgaria). https://nepirockcastle.com/group/about-us/
https://nepirockcastle.com/wp-content/uploads/2023/03/NEPI_Rockcastle_Annual_Report_2022.pdf#page=81