At Grupo Falabella, we join the urgent call for collective action to halt the advance of climate change. We recognize the need to work with goals that contribute to emissions mitigation and to build a resilient operation in the face of climate-related risks.
In 2024:
At Falabella, we use technology to optimize energy usage and reduce electricity consumption without compromising the comfort of our customers and employees in our facilities. We employ centralized control systems and energy-efficient climate and lighting equipment, and we have adopted measures such as LED lighting and the use of natural light.
Additionally, we have approved a Corporate Energy Policy to guide our ecosystem and employees in promoting a culture of energy efficiency.
The use of renewable energy in our operations represents an opportunity to reduce our carbon footprint and contribute to the decarbonization of the energy matrix in the countries where we operate.
We promote Power Purchase Agreements (PPAs) with suppliers such as Enel in Chile and Statkraft in Peru to supply our operations with certified and traceable electricity from renewable sources. In 2024, these agreements allowed us to power 289 facilities with renewable energy, increasing our share of renewable electricity to 78%.
At Grupo Falabella, we apply architectural and engineering standards to improve our environmental performance through the LEED® (Leadership in Energy & Environmental Design) certification system, which assesses the sustainability of our facilities.
This system allows us to operate with better conditions for habitability and indoor comfort, while also optimizing water and energy consumption and reducing construction waste. In 2024, we certified an additional 44,112 m², bringing the total LEED-certified surface area to 15% of the Group’s overall footprint.
We are aware that climate change brings both risks and opportunities that can impact our assets and value chain. For this reason, we have made progress in incorporating the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and, moving forward, the S2 standard of the International Financial Reporting Standards (IFRS).
In line with these recommendations, we have integrated Climate Change Risk into our Comprehensive Risk Management Policy and the Corporate Risk Management Model.
In 2023, we held multidisciplinary workshops in Chile, Peru, and Colombia to identify climate risks in critical assets and their controls, consolidating an inventory of 14 specific physical risks. And in 2024, we prioritized four of these risks and defined eight key controls for their management.
Additionally, we continued implementing various climate change prevention and response initiatives.
