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CSR strategy

With our "Here we act" program, we are committed on three fronts: reducing our environmental impact, supporting the local economy and valuing our employees. Our shopping centers become agents of change by reducing their carbon footprint, boosting the local economy and creating an inclusive and fulfilling work environment.

Our performance

-78 %

scopes 1 & 2 carbon emissions vs 2019 (base year)

-51 %

in energy consumption vs 2019

100 %

of significant centres BREEAM certified

100 %

of centre managers have organised a CSR event at their centre

95/100

note to the gender equality index

Our awards

GRESB: 92/100 Green Star status
+1point vs 2024

CDP (Carbon Disclosure Project): Carmila has been included in the 2025 Climate A List
Top 4% of ~22,100 rated companies
Status maintained

EPRA sBPR & BPR Awards
Gold-level sBPR Award (5th consecutive year)
+ BPR Gold for the quality of Carmila's CSR Report

EthiFinance ESG Ratings: 94/100
Rating of the quality of the CSR approach
vs. 93/100 in 2024

ISS ESG: Prime · C+
"Prime" status confirmed
Status maintained

Morningstar Sustainalytics
ESG Top Rated Best-rated European companies
Renewed in 2025

S&P Global Ratings (CSA): +17 pts
ESG rating progression
vs. 2023

MSCI* ESG Rating: BBB

*The use by Carmila of any MSCI ESG Research LLC or its affiliates ("MSCI") data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Carmila by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided 'as-is' and without warranty. MSCI names and logos are trademarks or service marks of MSCI.

Compliance with non-financial reporting standards and benchmarks

Carmila's Universal Registration Document is structured in line with the principles of the IIRC (International Integrated Reporting Council) set out in its International Framework.

Also, as it does every year, Carmila publishes its Non-Financial Performance Declaration, which corresponds to Chapter 4 of the Universal Registration Document. It is completed at the end of the chapter by a concordance table of CSR indicators, which gives the necessary information for the EPRA, the GRI and for the reporting required by the TCFD.

Standards used:

Application guide from CNCC (Centre National des Centres Commerciaux) / FACT (Fédération des Acteurs du Commerce dans les Territoires)

GRI (Global Reporting Initiative) guidelines

EPRA (European Public Real Estate Association)

TCFD (Task Force on Climate-related Financial Disclosures)

Responsible conduct

Carmila is raising awareness among its employees and partners about the fight against corruption.

Every employee signs the "Our Ethical Principles" code of business conduct, which enshrines our rejection of corruption. It incorporates the main commitments of the Universal Declaration of Human Rights and the conventions of the International Labour Organisation.

As the Ethical Principles are integrated into the Supplier Commitment Charters, our suppliers are also committed to transparent business practices. The Group has set up an ethics whistleblowing system enabling employees and partners to report any situation or behaviour that goes against its principles.

Useful documents

To contact Carmila's CSR Department : Elodie ARCAYNA - [email protected]

H1 2026 Results: Join our live presentation!

Tune in for Carmila’s first-half 2026 results presentation on Thursday, July 30, 2026, at 8:30 AM (CET).

Don't miss out—register today to secure your spot:

• Register for the webcast: https://carmila.engagestream.euronext.com/h1_2026_results

• Register for the conference call: https://engagestream.euronext.com/carmila/h1_2026_results/dial-in

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