Full Speed Towards Portfolio Decarbonization
In a recent stride towards sustainability, ARGAN has unveiled a comprehensive decarbonization strategy targeting all dimensions of its carbon footprint. The plan is centered around significantly reducing CO? emissions arising from its extensive warehouse operations. The ambitious goal is to achieve a 50% reduction in emissions, lowering them from 25,000 tons in 2022 to 12,500 tons by 2030. Remarkably, early results show promising progress just two years into the initiative.
Performance Update for 2024
By the end of 2024, ARGAN reported total emissions of 19,000 tons of CO?, reflecting a substantial decrease of 6,000 tons compared to 2022, resulting in a reduction of approximately 24%.
Breaking down the sources of emissions:
- 11,000 tons stem from electric consumption for lighting and operational needs, with this figure remaining steady since 2022.
- 8,000 tons generated by gas heating indicate a significant drop from 14,000 tons in 2022, marking a noteworthy 43% decrease.
This stellar performance demonstrates the potential impact of a well-structured action plan developed in collaboration with tenant clients.
Implemented Strategies for Decarbonization
Measuring Effectively: ARGAN has put in place rigorous energy consumption measurement practices across its warehouses. This extensive data compilation aids in pinpointing facilities with higher emissions, allowing targeted intervention strategies.
Monitoring Systems: Through advanced Building Management Systems (BMS), ARGAN can now accurately assess energy consumption across various categories such as heating, lighting, and operational processes. This data enables proactive management of energy usage.
Investing in Change: The introduction of a heat pump initiative is set to replace outdated gas boilers with energy-efficient air-to-water heat pumps. Current assessments show a traditional gas-heated warehouse emits about 6 kg of CO? per square meter, while utilizing an electric heat pump reduces emissions to just 1 kg per square meter.
Innovating with Aut0nom®: ARGAN's Aut0nom® warehouses come equipped with onsite photovoltaic power stations and energy storage systems. These setups ensure that energy production directly supports the consumption of tenants, with heating and cooling relying on heat pump technology.
This advancement allows an Aut0nom® warehouse to reach emissions of only about 1 kg of CO? per square meter, with plans to offset any residual emissions through a low-carbon reforestation initiative set to launch soon.
Focus on Photovoltaic Energy Production
The transition to self-generated photovoltaic energy has proven effective, with estimates indicating that 500 tons of CO? emissions were avoided in 2024 alone.
The commitment to creating the first carbon-neutral in-use warehouse, Aut0nom®, positions ARGAN as a frontrunner in making logistics real estate sustainable for the future.
About ARGAN
As France's premier real estate company specializing in the development and rental of premium warehouses, ARGAN is committed to providing sustainable solutions for its clientele. The company prides itself on a customer-centric approach, tailoring services to meet the needs of blue-chip firms throughout the development and rental phases.
With a portfolio spanning approximately 3.7 million square meters and valued at €3.9 billion, ARGAN generates nearly €205 million in annual rental income. The company's strong financial foundation is underscored by its investment-grade rating of BBB- with Standard & Poor's, reflecting robust profitability and sustainable growth.
Moreover, ARGAN is dedicated to a comprehensive Environmental, Social, and Governance (ESG) policy, which is regularly validated by third-party assessments. The accolades garnered from agencies like Sustainalytics for low financial risk and recognition through medals from Ethifinance and Ecovadis further demonstrate ARGAN's commitment to sustainability.
For inquiries, please contact:
Francis Albertinelli – CFO
Aymar de Germay – General Secretary
Samy Bensaid – Head of Investor Relations
Phone: +33 1 47 47 47 40
Frequently Asked Questions
What are the main goals of ARGAN's decarbonization strategy?
The main goal is to reduce CO? emissions by 50% from 25,000 tons in 2022 to 12,500 tons by 2030.
How much have ARGAN's emissions reduced as of the end of 2024?
As of the end of 2024, ARGAN's emissions decreased to 19,000 tons, a reduction of 6,000 tons compared to 2022.
What measures has ARGAN implemented to track emissions?
ARGAN has established a thorough measurement of energy consumption and uses advanced monitoring systems to manage energy-related emissions effectively.
What innovative technologies are being used in ARGAN's warehouses?
ARGAN employs heat pumps for heating needs and the Aut0nom® system, which incorporates photovoltaic energy for self-sufficient energy consumption.
What awards has ARGAN received for its sustainability efforts?
ARGAN has received accolades from Sustainalytics, Ethifinance, and Ecovadis for its strong commitment to sustainability and low financial risk.
