We create spaces that are friendly to both people and the environment

ESG Report 2023

Table of contents

Chapter 1. Introduction - 2

  1. Letter from the President - 3
  2. Who we are? - 4
  3. ROBYG's mission and values - 15
  4. ESG Strategy - 16
  5. How We Contribute to the UN's Sustainable Development Goals? - 21
  6. Membership in organisations - 25

Chapter 2. ROBYG for Planet - 26

2.1. Green standard for low-carbon performance - 29

2.1.1. ROBYG Green Standard - 30

  1. ROBYG Environmental Protection Policy
    and other documents regulating this area - 30
  2. Green standard - 32

2.1.2. Achievements ROBYG in the field of low carbon - 34

  1. Greenhouse gas emissions - 34
  2. Low carbon solutions at ROBYG - 39

2.1.3. Energy and energy efficiency- 41

2.1.3.1 Objectives of ROBYG in terms of electricity consumption - 41

  1. Energy and fuel consumption in ROBYG - 42
  2. Energy efficiency of ROBYG buildings - 44

2.1.4. Raw materials and waste - 45

  1. Raw materials and waste in the construction process - 45
  2. Waste management in office - 47

2.2. 15-minute ROBYG estates - 49

2.2.1. What are 15-minute cities and what benefits do they offer ? - 50

2.2.2. 15-minute cities, health and wellbeing - 51

2.3. Water and biodiversity - 52

  1. Out of love to biodiversity - 53
  2. Water and blue infrastructure - 57
  1. Water consumption by ROBYG - 57
  2. ROBYG collects rain - water and its conservation in ROBYG's operations - 58

Chapter 3. - ROBYG FOR PEOPLE - 61

3.1. Our employees - 65

3.1.1. ROBYG as a first choice employer - 66

  1. Our community - 66
  2. Supporting professional and personal development of employees - 70
  3. How we attract employees - 73

3.1.2. Diversity at ROBYG - 78

  1. Diversity Charter and other regulations - 78
  2. ROBYG supports women - 79

3.1.3. Safety on construction sites and in office - 81

  1. Areas of responsibility and OHS goals - 81
  2. Zero accidents on construction sites - 82
  3. Security at ROBYG office - 88

3.2. Our clients - 89

3.2.1. Community of satisfied clients - 90

  1. Building client communities - 90
  2. ROBYG Club Program - 92
  3. Building trust during customer service - 93

3.2.2. Responsible marketing communication - 95

3.2.2.1. Digitising of processes in response to the rapidly changing world - 95

  1. Responsible marketing communication - 96
  2. Environmental education of our customers and communities - 97

3.2.3. Security of our clients - 98

3.2.3.1. Consumer data protection and privacy - 98

3.2.3.2 Cybersecurity - 99

3.3. Community around ROBYG - 101

3.3.1. Building new integrated communities - 102

  1. ROBYG shapes communities - 102
  2. Socio-economicimpact of ROBYG - 103
  3. ROBYG's contribution to the development of local infrastructurev104

3.3.2. ROBYG social engagement - 106

3.3.2.1. Wsparcie inicjatyw i organizacji przez ROBYG - 106

Chapter 4. ROBYG FOR SUSTAINABLE BUSINESS - 109

4.1. Management practices - 112

4.1.1. ESG management at ROBYG - 113

  1. ESG governance structure - 113
  2. Risk management - 114

4.1.2. Policies and procedures for sustainable business - 118

  1. Documents which regulate sustainability management at ROBYG - 118
  2. Regulations and training regarding Compliance - 120
  3. Rules of cooperation with business partners - 123

4.2. Transparent business - 125

4.2.1. Our stakeholders - 126

4.2.1.1. ROBYG stakeholders and their engagement - 126

  1. Access to information as a foundation of responsible business - 129
  2. Reporting our business - 131

4.2.3.2. Matrix of material reporting topics - 132

4.2.3.4. Reporting for the United Nations Global Compact and the European Climate Pact - 134

Chapter 5. GRI indicators index - 135

Chapter 1.

INTRODUCTION

Letter from the President

Introduction

Dear Sirs,

tion sites.

GRI [2-22]

Eyal Keltsh

President of the Management Board, CEO

The year 2023 was a successful year for us. In 2023, ROBYG Group recorded sales revenues of PLN 1.813 billion, while the gross margin on sales wy carried PLN 462.2 million. The above performance is the result of a consistently implemented development strategy, understood not only from a financial per - spective, but first and foremost multidimensionally - putting sustainable development goals as an important part of success and a condition for growth for ROBYG Group.

We are acutely aware of the scale and dynamics of the changes taking place in our political and economic environment, known by many as the 'polycrisis'. That is why, for many years now, whithout obligation, we have consistently declared and calculated our carbon footprint and operationalised declared and calculated our carbon footprint, but operationalised and implemented measures to reduce our impact in every aspect of our business. For us, sustainability is a way of building a competitive advantage and an opportunity to further develop the Group.

In order to reduce the environmental impact of our buildings, we use a number of solutions, introduced as the ROBYG Green Standard. This is a structured standard that includes both solutions and amenities for Clients and guidelines for architects and designers in terms of construction, sanitation, electricity or ecological design. Furthermore, we use low-emission solutions (minimum 3 for each stage of investment), biodiversity- -friendly (minimum 1 per stage), and water-saving (minimum 1 per stage). As a result, 84% of our buildings already meet the definition of nearly zero-energy buildings (nZEB), we have reduced ROBYG Group's total emissions by 48.7%, in Scopes 1 and 2, compared to last year, and the emissions from the construction process per m2 were 3.85 kg / year, 37% less than in 2022. What's more, we have already achieved the target set to be achieved by 2024 in 2023, ensuring 100% use of electricity from renewable energy sources (RES) powering our construc-

At ROBYG, we actively work for the benefit of society - our em- ployees, clients and local communities. Given the nature of the construction industry, it is particularly important to ensure the health and safety of all employees and associates, both with us and with our subcontractors. We are pleased that we have been able to record zero accidents on our construction sites over the years.

We are consciously creating not just buildings, but friendly, neighbourhoods integrated into the surroundings for entire communities to live in. This is our mission, which is backed up by concrete actions and measures for investments in infrastructure made to the unprecedented amount of PLN 115 million in 2023 and a commitment of a further PLN 375 million.

As we look boldly to the future, we are not forgetting the corresponding changes in the corporate area. In light of the new EU regulations, we have updated and expanded our internal regulation system to ensure the highest standards of procedures and mechanisms for our business. All our employees are trained in compliance, including anti-mobbing and cor- ruption. However, this is not the end of the changes. We are already working to further extend our responsibility to the value chain.

In conclusion, I hand over to you a sustainability report that not only confirms the successful implementation of the sustainability strategy, the significant quantitative and qualitative changes in terms of our impact on the environment, communities and business, but also the proactive preparation for the new challenges facing the construction industry. Being among the market leaders entails a commitment.

3

1.2. Who we are?

GRI [2-1],[2-6],[201-1]

ROBYG is one of the largest residential developers in Poland. For over two decades, we have responsibly designed, built, and managed multifunctional residential estates in Poland's largest cities. We mark our presence in many locations across Warsaw, the Tri-City area, Wroclaw, and Poznan. Our sustainable operations, aimed at steady financial growth, also take into account our stakeholders, including our consideration for our planet.

We pride ourselves on our established position as a leader in the residential construction in Poland. Our Group's strength lies in our renowned, recognizable brand, integrated and motivated team, effective division of competencies, and experienced management staff capable of identifying market trends. Our success is also built on our land bank, optimised construction costs, and the trust we've earned over many years from our clients, financial institutions, and investors.

We regularly receive awards for the standard and quality of our projects from independent experts.

Introduction

It is estimated that there is a shortage of several hundred thousand of apartments in Poland. As one of the largest developers, we contribute to narrowing this gap. To date, our Group has built a total of 31 475 apartments, it is means 1 759 845 m2.

At ROBYG, we give more: we focus on providing our clients with homes in diverse locations, consistently maintaining high standards and attractive pricing. We construct estates accessible to various customer groups in the fastest-growing urban agglomera- tions.

4

Value Chain of ROBYG Group

Upstream

Own actions

Introduction

Downstream

Internal departments:

  • Legal
  • Payments and finance
  • Technical

Work contractors:

  • Construction
  • Electrical
  • Sanitary
  • Road

Also providing:

  • Raw materials
  • Products
  • Transport
  1. Analysis and purchase of real estate
    • due diligence (legal, environmental, technical and financial analysis).
    • purchase of land.
  2. Architectural design
  • architectural concept and construction design.

3. Process of obtaining a building permit

• obtaining opinions, decisions, arrangements and technical conditions.

Internal departments:

  • Legal
  • Administration
  • Finance & Accounting
  • Payments and finance
  • Technical
  • Management
    + Supervisory Board
  • HR
  • Marketing and sales
  • Client service

4. Sales and marketing

Internal departments:

  • Legal
  • Administration
  • Finance & Accounting
  • Payments and finance
  • Client service

Product - investment:

  • Warsaw
  • Gdansk
  • Poznan
  • Wroclaw

5. Construction process - construction of housing estates with infrastructure: suppliers and subcontractors

•

marketing campaigns

•

sales process

Built infrastructure, e.g. roads, pavements, playgrounds.

Utilities providers:

  • Energy
  • Water
  • Gas
  • Fuels

6. Handing over the apartments to customers

7. Warranty and repair

8. After-sales service

Construction site waste

KEY EXTERNAL STAKEHOLDERS

Upstream:

Own actions:

•

subcontractors and suppliers,

• external legal advisors and consultants,

•

landowners,

• design and architectural offices,

•

local administration,

• local and state administration,

•

transport companies,

• financial institutions (banks, investment funds, shareholders),

•

utility providers.

• local communities.

Downstream:

  • clients (individual purchasers of flats,
  • communities of residents,
  • competition,
  • NGOs,
  • media.

5

ROBYG IN 2023:

3 690

units built since the beginning of operations

3 071

units sold

3 361

units recognised in revenue

2 350

units under construction at the end of 2023

49,1 m2

average area of a unit recognised in revenue

PLN 1.813 billion

sales revenue

PLN 456.6 million

EBiTDA

PLN 358 677 million

revenue

Our strategic commitment to our clients is "Robyg We Give More". Anyone who purchases apartments built by our Group can count on innovative solutions that support environmental protection while at the same time reducing operational costs.

At ROBYG, we invest in a sustainable future and raise the stan- dard:

  • A minimum of 3 low-emission solutions in buildings, such as photovoltaic panels, LED lighting, and installations ena- bling the connection of electric car chargers,
  • Smart House ROBYG by Keemple, without additional char- ges, allows remote control of heating, lighting, multimedia, and security through a mobile app. We were the first deve- loper in Poland to offer such an option as a standard,
  • The Green Standard, which includes 12 solutions suppor- ting, among other things, biodiversity protection and water retention.

The construction market in Poland accounted for approximately 10% of the Gross Domestic Product (GDP) in 2022, and considering related industries such as mining, machinery industry, and construction financing instruments, the share in GDP is about 13-14%.6-8% of Poland's entire workforce is employed in the broadly defined construction sector, representing 1.2-1.3 million individuals. Our involvement plays a significant role in the growth and expansion of the sector. We bolster GDP growth, consistently fulfil our tax obligations, and sustain daily employment for around 2,500 individuals across our construction sites.

We manage our environmental and social impact responsibly. In the construction process, we opt for eco-friendly solutions. We care for the development of local communities, closely collaborating with local suppliers, contractors, authorities, and non-governmental organisations. We proudly support initiatives for sustainable development, being a member and supporter of the UN Global Compact, the European Climate Pact, the Diversity Charter, and the Polish ESG Association, among others.

Introduction

We have estimated that every zloty of added value generated by the ROBYG Group creates nearly another zloty of added value within the broader Polish economy.1

6

Introduction

WHAT DIFFERENTIATE US IN 2023

492

0

100%

employees

accidents on

employees

and associates

our construction

trained in compliance

sites

and health and safety

100%

48.7%

61,71Kwh/m2

100%

electricity powering our

reduction of the Group's

Primary Energy (PE)

settlements equipped

construction sites

total Scope 1 and 2 emis-

demand in buildings

with biodiversity

comes from renewable

sions by 48.7% relative to

completed in 2023

and low-carbon

energy sources

2022

features

7

Form of ownership, legal and manage- Groups under the directive of the parent company.

ment structure

GRI [2-9],[2-10],[2-11],[2-18],[207-1]

ROBYG S.A. centralises pivotal management roles and delineates strategic objectives and core values across the entire investment group. In accordance with the company's charter, its operations are based in Poland, focusing primarily on development activities. This includes the execution of residential and commercial-residential projects, apartment sales, and the related marketing and administrative functions. ROBYG Group engages in construction through its subsidiary, ROBYG CONSTRUCTION sp. z o.o., specialising as a general contracting services.

In 2023, ROBYG Group consisted of special purpose vehic- les, encompassing a total of 93 companies, specifically established for the execution of designated construction invest- ments. In these SPVs, ROBYG S.A. is either the sole owner (directly or indirectly) or holds a majority stake, except for the joint ventures. The structure of the Group remained stable throughout 2023. The headquarters of the leading company, ROBYG S.A., is located in Warsaw, and since 2022, the group has been under the ownership of the German company TAG Beteiligungs- und Immobilienverwaltungs GmbH, whose sole shareholder is TAG Immobilien AG, domiciled at Steckel- hörn 5, 20457 Hamburg, Germany.

In this report, we use the terms ROBYG Group and ROBYG interchangeably, both referring to the ROBYG Capital Group with ROBYG S.A. as the parent entity.

In 2022, TAG Beteiligungs und Immobilienverwaltungs, a subsidiary of the publicly traded TAG Immobilien AG, which specialises in long-term rental sector activities, acquired 100% of the shares in ROBYG S.A. Previously, in 2020, this entity had also taken full ownership of Vanatge Development S.A. Following these acquisitions, 2022 marked the commencement of an integration process for the ROBYG and VANATGE Capital

Introduction

8

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TAG Immobilien AG published this content on 26 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2024 15:01:25 UTC.