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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Argan | EU:ARG | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.50 | 0.64% | 78.10 | 77.80 | 78.10 | 78.10 | 77.80 | 77.80 | 128 | 08:19:29 |
Press release – Neuilly sur Seine, Wednesday, October 18, 2023 – 5.45 pm
ARGAN published its new ESG strategy and has set ambitious targets for 2025 and 2030
ARGAN, the only listed French real estate company specializing in the DEVELOPMENT and RENTAL of PREMIUM WAREHOUSES, published its 2023 ESG report, detailing its strategy for the 2023-2030 period, including a review of actions taken in 2022. This new step strengthens our real estate’s company commitment towards a responsible development that benefits all stakeholders (clients, shareholders, employees, territories where we operate…). Our ambition: to be a benchmark in terms of efficient, sustainable and PREMIUM logistics real estate.
ARGAN’s ESG approach was initiated nearly 10 years ago and led to many actions, which were summarized in a first report published in 2022.
Among ARGAN’s achievements in the last few years:
Today, we are writing a new chapter. This testifies to management’s and all employees’ strong intention to reaffirm even more clearly and firmly our commitments for tomorrow on the three ESG components and to align our approach with international standards, for example the SBTi when it comes to our low-carbon trajectory.
This updated strategy is set for the long run (2030), with regular milestones and, if necessary, adjustments and shifts.
Built around some forty indicators, our strategy includes actions:
These targets, selected among the 35 commitments taken for 2025 and 2030, are part of ARGAN’s 2023-2030 ESG roadmap and testify to the shared commitment of Group management and all staff members to amplify actions around the three sustainable priorities: the Environment, Social & Societal topics and Governance.
This ESG strategy is a reflection of who we are: ambitious and pragmatic as well as driven towards concrete actions to limit our impacts and help our customers meet their own goals. In sum: ESG for Efficiency, Strongly frugal energy choices, Gains that are win / win!
The 2023 ESG report published today is available on our argan.fr website under “ESG commitments” (in English and French).
Financial calendar 2024 (Publication of the press release after closing of the stock exchange)
About ARGAN
ARGAN is the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of its market in France. Building on a unique customer-centric approach – which consists in tailor-made and innovative support throughout all project phases from the development milestones to the rental management – ARGAN has grown strongly since it first started in 2000. The company is thus now generating more than 180 million Euros in yearly rental income in 2023. Moreover, as of now, our portfolio consists in spaces of 3.5 million sq.m, across about a hundred warehouses all located in France, which are worth 3.6 billion Euros. ARGAN’s development model takes into account all its stakeholders and aims at pursuing a growth path that is profitable, with a debt kept under control, while ensuring to fully minimise its environmental and societal impact.ARGAN is a listed real estate investment company (French SIIC), on Compartment A of Euronext Paris (ISIN FR0010481960 - ARG) and is included in the Euronext SBF 120, CAC All-Share, EPRA Europe and IEIF SIIC France indices.www.argan.fr
Francis Albertinelli – CFO Aymar de Germay – General SecretarySamy Bensaid – Head of Investor RelationsPhone: +33 1 47 47 47 40 E-mail: contact@argan.frwww.argan.fr | Marlene Brisset – Media relationsPhone: +33 6 59 42 29 35E-mail: argan@citigatedewerogerson.com |
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