ARGAN's Strategic Green Transition: A Model for ESG-Driven Real Estate Returns

In an era where climate risk and regulatory pressure are reshaping the real estate landscape, ARGAN's collaboration with DECATHLON to decarbonize logistics assets stands out as a masterclass in -aligned value creation. By integrating cutting-edge sustainability initiatives into its portfolio, ARGAN is not only reducing its carbon footprint but also positioning itself as a leader in a market where green credentials directly translate to investor returns.

in Action: Measurable Outcomes

ARGAN and DECATHLON's partnership has already delivered tangible results. In 2025, the two companies modernized heating systems across four French logistics sites, replacing gas boilers with next-generation electric heat pumps. , . Meanwhile, in carbon emissions per parcel during trial runs, leveraging solar-powered infrastructure and reverse logistics to reuse packaging and returned merchandise. These efforts align with DECATHLON's broader target to achieve net-zero emissions across its value chain by 2050.

ESG Alignment: A Framework for Long-Term Value

The partnership's success is rooted in its alignment with global ESG frameworks. DECATHLON's 2024 ESG achievements include , , and a CDP "A" rating for climate strategy. For ARGAN, the collaboration has bolstered its ESG profile, culminating in . These metrics reflect a strategic focus on decarbonization, renewable energy deployment, and circular economy principles, all of which are critical for .

### Strengthening Investor Returns Through
The financial implications of this green transition are clear. By reducing energy consumption and operational costs-such as through Aut0nom® carbon-neutral warehouses-ARGAN enhances its profit margins while attracting ESG-focused capital. Its improved GRESB and Sustainalytics ratings (the latter assigning a "low" extra-financial risk score) signal robust governance and risk mitigation, qualities that institutional investors increasingly prioritize. Furthermore, DECATHLON's circular economy initiatives, including , underscore the commercial viability of sustainable business models. For ARGAN, such partnerships likely improve tenant retention by offering eco-conscious tenants a competitive edge in markets where sustainability is a differentiator.

A Blueprint for the Future

As regulators tighten emissions standards and consumers demand greener supply chains, ARGAN's proactive approach to decarbonization offers a blueprint for resilience. The company's collaboration with DECATHLON not only advances its climate goals but also reinforces its position as a forward-thinking real estate player. With ESG ratings improving and measurable carbon reductions already achieved, ARGAN is proving that sustainability and profitability are not mutually exclusive-making it a compelling investment in a world where green transitions drive long-term value.