Recognition and certification

Lar España, in accordance with its commitment to sustainability and environmental, social and good governance criteria (ASG), has made efforts to meet the highest international standards for reporting non-financial information.

Green Bond Allocation Report

ISS Second Party Opinion

ISS Corporate Solutions, Inc. has developed an independent assessment about Lar España’s sustainability strategy on the basis of the 2021 Green Bond Principles issued by ICMA (International Capital Markets Association).

EPRA Recognitions

During the last four years we have obtained the highest distinction from EPRA (EPRA Gold Award).

Asset certification

Lar España is committed to the use of tools for rating and certifying its assets in order to confirm their sustainability. Note that 100% of the assets owned by Lar España are now BREEAM® certified. BREEAM® (Building Research Establishment Environmental Assessment Methodology) is the world’s foremost environmental assessment method and rating system for buildings. Moreover, 93% of Lar España’s achieved a ‘Very Good’ or ‘Excellent’ rating.

On another note, After securing ISO 14001 and ISO 45001 certification at the As Termas and Megapark assets, in 2022 Lar España is working to extend this certification to all portfolio assets over which it exercises full management control.

100% Lar España´s portfolio certified

Accessibility audits performed on 100%

close to 50% of Lar España´s portfolio is certified in Universal Accessibility

Activities implemented by the Company

• Charity lunches, adapting the format in 2020 in light of the healthcare crisis, facilitating an office delivery service in order to continue the collaboration.
• Assistance from Lar España employees to help the association’s members prepare for job interviews.
• Regular financial donations.
• Employment (administrative tasks) for Norte Joven students via 6-month long internships.

Lar España and the Altamira Lar Foundation are undertaking an ambitious project to completely refurbish the paediatric haematology and oncology rooms of Hospital Virgen del Rocío (Seville), a leading centre in Spain for children’s oncology. The project is called “A new unit full of colour and fun for children of all ages with cancer in Seville”.

The overriding objective of the project is to improve the living conditions of the communities in the catchment areas of Lar España’s main assets, engaging the centres’ teams and employees in the actions carried out.

Donations totalled €150,000, which will be funnelled through the following shopping centres and retail parks: Albacenter, Portal de la Marina, Ánec Blau, Megaparl Barakaldo, As Termas, Las Huertas, El Rosal, Txingudi, Lagoh and Gran Vía de Vigo. This initiative developed with Cáritas is on top of other charitable and social support campaignschampioned by Lar España’s shopping centres and retail parks during the state of emergency, helping the communities most in need with donations of food, sanitary material, technology, children’s food vouchers, etc.

To date, they have brought safe drinking water and sanitation to more than 42,000 people, provided more than 34 million litres of water in developing countries and developed 70 infrastructures in 16 countries.

Lar España wants to help it do so, which is why from April 2019 it installed the company’s water vending machines in its shopping centres. All of the moneycollected from the sale of those products will be used to fund drinking water projects. The company also placed stickers on its doors to encourage its customers to feel involved by making them see they are buying more than just water.

The agreement places Lar España at the forefront of a charitable initiative that fosters sustainable packaging while raising awareness about the lack of drinking water in many places.