Klepierre

Klépierre, a French real estate services company, has outlined ambitious climate commitments and reported its carbon emissions across Scopes 1, 2, and 3.

Carbon Emissions Overview:

• 2025: Klépierre reported total emissions of approximately 406,794,000 kg CO2e. This comprised about 8,292,000 kg CO2e for Scope 1, around 3,016,000 kg CO2e for Scope 2 (market-based), and approximately 397,201,000 kg CO2e for Scope 3.
• 2024: Total emissions for 2024 were approximately 378,060,000 kg CO2e, with Scope 1 at about 8,119,000 kg CO2e, Scope 2 (market-based) at roughly 3,469,000 kg CO2e, and Scope 3 at approximately 367,516,000 kg CO2e.
• 2023: The company's emissions for 2023 totalled approximately 213,519,000 kg CO2e, including about 7,309,000 kg CO2e for Scope 1, approximately 3,338,000 kg CO2e for Scope 2 (market-based), and around 203,657,000 kg CO2e for Scope 3.
• 2022: In 2022, Klépierre's total emissions were not explicitly provided as a single sum. However, Scope 1 emissions were approximately 9,113,000 kg CO2e, Scope 2 (market-based) were about 5,071,000 kg CO2e, and Scope 3 emissions totalled approximately 190,110,000 kg CO2e.
• 2021: For 2021, Scope 1 emissions were around 8,284,000 kg CO2e, Scope 2 (market-based) were approximately 15,397,000 kg CO2e, and Scope 3 emissions were about 989,288,000 kg CO2e.
• 2020: In 2020, Scope 1 emissions were approximately 9,668,000 kg CO2e, Scope 2 (market-based) were about 11,215,000 kg CO2e, and Scope 3 emissions were approximately 1,185,162,000 kg CO2e.
• 2019: Klépierre reported Scope 1 emissions of approximately 13,190,000 kg CO2e, Scope 2 (market-based) of about 21,553,000 kg CO2e, and Scope 3 emissions of approximately 1,558,573,000 kg CO2e.
• 2018: For 2018, Scope 1 emissions were around 10,947,000 kg CO2e, Scope 2 (market-based) were approximately 45,200,000 kg CO2e, and Scope 3 emissions totalled about 1,748,175,000 kg CO2e.
• 2017: In 2017, total emissions were approximately 804,285,000 kg CO2e, with Scope 1 at about 19,623,000 kg CO2e, Scope 2 (market-based) at approximately 65,637,000 kg CO2e, and Scope 3 at around 719,025,000 kg CO2e.

Climate Commitments and Reduction Targets:

Klépierre has established several key climate targets:

• Net-Zero Portfolio: The company aims to achieve a net-zero carbon footprint for its entire European portfolio by 2030.
• Scope 1 & 2 Intensity Reduction: Klépierre has an SBTi-approved target to reduce its Scopes 1 and 2 GHG emissions by 80% per square metre by 2030, using 2017 as the base year. This equates to an intensity of 2.1 kgCO2e/sq.m. (market-based).
• Scope 3 Reductions: Specific Scope 3 targets for 2030 include supporting retailers in achieving a 20% reduction in energy consumption (Scope 3.13 downstream leased assets) and reducing visitors' transport-related emissions to shopping centres by 40%.
• Progress: In 2023, the intensity of Scopes 1 and 2 emissions from building energy consumption was 3.4 kgCO₂/m², representing an 84% reduction compared to 2017 and a 17% reduction compared to 2022.

Klépierre's climate action journey began with its "Good Choices" roadmap and has evolved through its "Act for Good" strategy, most recently formalized in its 2025 Transition Plan for Climate Change Mitigation. The company's trajectory is considered compatible with the decarbonisation requirements set by EU Paris-aligned Benchmarks.