The Climate Ride: Parques Reunidos' Action Plan to Tackle GHG Emissions by 2030

Parques Reunidos integrated climate governance at the highest level of the organization. The Board of Directors discusses ESG matters, including climate issues, in monthly meetings with updates from the Chief HSE and Sustainability Officer. In addition, the ESG Steering Committee—comprising Executive Committee members and shareholder representatives—meets twice a year to oversee the Climate Transition Plan.

The company adopted an Environmental, Climate and Nature Policy aligned with the Paris Agreement and the UN Sustainable Development Goals. This policy builds on the Group’s Sustainability Policy and Code of Ethics, covering the entire business lifecycle and value chain.

In 2022, Parques Reunidos submitted its greenhouse gas reduction targets to the Science Based Targets initiative (SBTi), which validated them in 2023. These include:

• Reducing Scope 1 and 2 GHG emissions by 87.9% by 2030
• Reducing Scope 3 GHG emissions by 27.5% by 2030

Both targets use 2019 as the baseline year, making the company the first international regional leisure park operator with SBTi-approved goals.

To operationalize its science-based emissions targets, Parques Reunidos developed a comprehensive roadmap consisting of ten specific lines of action: energy efficiency, water efficiency, renewable energy, sustainable procurement, in-park sustainability, waste management, business travel, employee commuting, Scope 3 data management, and reporting.

Each line addresses a relevant GHG emissions source or area of impact, forming the backbone of the group’s 2030 decarbonization strategy.

• Several initiatives focus on improving efficiency within the parks. These include projects aimed at reducing energy consumption through measures such as LED lighting and equipment electrification, as well as water-saving solutions like drip irrigation, rainwater harvesting, and timed faucets—particularly in parks located in high water-stress areas. These efforts are complemented by the company's continued focus on purchasing renewable electricity.

• Other actions target upstream and downstream GHG emissions across the value chain. The company introduced ESG criteria into its supplier homologation processes and launched a pilot project assessing top vendors in food, beverage, and merchandising categories. In parallel, waste reduction efforts were reinforced through the expansion of reusable cup systems and the reduction of single-use plastics in food and retail operations.

• Additional workstreams focus on indirect GHG emissions linked to mobility and data. These include promoting sustainable travel options for business trips and employee commuting, and investing in improved methodologies and internal systems to enhance the quality and accuracy of Scope 3 emissions data.

Climate risks and opportunities are integrated into the Group’s Enterprise Risk Management process. In 2024, a scenario analysis—aligned with TCFD, CDP, and IFRS recommendations—identified heatwaves as the primary physical risk and energy efficiency as the main financial opportunity.

Progress against the SBTi Roadmap is reviewed quarterly by the Board and twice a year by the ESG Steering Committee. The company also reports annually to CDP, achieving an A- (Leadership) score in climate in 2024. Reporting is used as a tool to identify and close management gaps.

Parques Reunidos actively engages in external initiatives and industry platforms that promote climate action beyond its own operations. Through its membership in the International Association of Amusement Parks and Attractions (IAAPA), the company supports sector-wide efforts to address climate change and advocates for policies that encourage a resource-efficient and low-emissions tourism industry.

Additionally, as a member of the European Association of Zoos and Aquaria (EAZA), Parques Reunidos supports biodiversity conservation and recognizes the link between climate change and biodiversity loss. These affiliations allow the company to participate in public discourse, align with progressive environmental frameworks, and contribute to shaping sustainable standards for the broader leisure and tourism industry.