Adler Group S.A.: Publication of the first ESG report

• ESG implemented as one of three key strategic pillars
• CO₂ emissions within the whole portfolio to be reduced by 50% until 2030
• Following transparent reporting according to the German Corporate Governance Code

Berlin, 4 May 2021 - Adler Group S.A. ("Adler Group") today published its first sustainability report reflecting the sustainability efforts to date and providing a detailed overview of the most material topics: environmental protection, social affairs and corporate governance.

ESG firmly anchored in the long-term strategy
Since the formation of Adler Group in 2020 via the combination of ADO Properties S.A. (renamed into Adler Group S.A.), ADLER Real Estate AG and Consus Real Estate AG, sustainability has been at core of the group's philosophy. Therefore, when the company's corporate strategy was finalised at the beginning of 2021, ESG (Environmental, Social and Governance) has been established as one of the three main pillars of its long-term strategy. To promote sustainability throughout the group, an ESG Board was formed under the direction of Adler Group's Chief Legal Officer, Sven-Christian Frank. The Board was composed including representatives from across different parts of the business as well as sustainability specialists in order to deal with all aspects of sustainability on a day to day basis.

Measurable goals set for future climate protection
The most important measurable ESG target Adler Group has set itself is to reduce CO₂ emissions within the whole portfolio by 50% until 2030 which is fully in line with the targets set for the real estate sector in the Climate Protection Plan 2050 by the Federal Republic of Germany.

In the coming years, Adler Group plans to intensify modernisation of its assets through the installation of photovoltaic (PV) systems and combined heat and power plants (BHKW), which are more environmentally friendly than conventional heating systems. In the first step, approximately 1,000 PV systems will be installed on the roofs to cover a demand-based power supply and 200 combined heat and power plants provided for about 1,500 buildings. Furthermore, portfolio optimisation through carefully selected disposals and the build out of the company's build-to-hold development pipeline, adding 10,000 new flats in Germany's top 7 cities, will also play an important part in making the portfolio more sustainable and climate friendly.

In the course of 2021, a detailed roadmap will be designed with all necessary steps and measures enabling the company to achieve its target to half CO₂ emissions within the portfolio over the next 10 years.

Following the German Corporate Governance Code
Adler Group is based and incorporated in Luxembourg, however its assets are exclusively located in Germany and its shares are listed at the Frankfurt Stock Exchange. As part of the ongoing efforts to improve corporate governance, the company intends to follow the requirements of the German Corporate Governance Code in the future. In contrast to German stock corporations, Adler Group has a one-tier board structure that is composed of eight Directors, including the Co-CEOs. The Board develops the strategic direction of the Company together with the Senior Management and ensures its implementation. Since the re-election of the board members at the Annual General Meeting in September 2020, the Board of Directors has deepened its work in newly composed Committees:

- the Audit Committee
- the Nomination and Compensation Committee
- the Investment and Financing Committee
- the Ad hoc Committee

Except for the Ad hoc Committee, all other Committees are fully composed of independent Directors and therefore act as independent bodies without participation of the Senior Management.

The sustainability report is available on Adler Group's website at:

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