Biodiversity

We are making progress in our strategy to protect and promote biodiversity as an essential part of our environmental commitment. Following the audits carried out last year on all our assets, we have taken a further step with the development of an action plan for the promotion of biodiversity in 100% of the shopping centers.

We have developed the first edition of this plan, with the aim of promoting a net positive impact on natural capital. Based on a detailed analysis of the current state of our assets, it is supported by robust analysis tools, including:

▪ Ecological reports: analyze the characteristics of the environment and the presence of protected habitats or areas of high ecological value.
▪ Biodiversity audits: identify species, vegetation covers, habitats and elements of refuge for local fauna, allowing a rigorous inventory of natural capital to be established.
▪ BNG (Biodiversity Net Gain) methodology: used to quantify existing biodiversity and establish a natural capital baseline.

Water

Water scarcity is a major global issue, affecting more than 40% of the world’s population. For Castellana Properties, water resource management is a key element in reducing the impact on the environment. For this reason, the Company proposes strategies to make the use of water as efficient as possible, incorporating into the operations of its assets measures that promote the optimization and reduction of its consumption.

In Portugal, all our shopping centres have systems that allow them to cover part of their needs with non-potable water, which has represented 44.2% dtotal consumption in that market (12.75% dthe entire portfolio), during FY25.

Circular Economy

We are a company that strongly believes in the transformative potential of the circular economy to reduce the consumption of natural resources and minimizing waste generation. This approach allows us to move away from the traditional linear model and move towards a more efficient, regenerative and resilient management.

We are making progress in improving waste management in our portfolio, focusing on the circular economy and minimising environmental impact. Correctly segregating, tracing and valorising waste allows us to comply with current regulatory frameworks and generate environmental and reputational value throughout our management chain.

Sustainable Design Handbook