UPDATE OF EXISTING SUSTANABILITY OBJECTIVES
| ESG | Topic | Objective | Status | Comment |
|---|---|---|---|---|
| E | Responsible investments | Set a long-term environmental performance target that covers energy, greenhouse gas emissions, water and waste by 2020 by 2030 | in progress | In the determination phase, activity mainly linked to the renovation plans of the properties expected in the next 5 years |
| E | Certification of properties | Obtain sustainability certification for 50% of the assets under direct management for at least 2 years, by 2020 | completed | As of December 31st, 2019, 56% of COIMA RES’s portfolio is LEED certified. We plan to achieve the LEED Gold certification also for the Corso Como Project which would bring to 64% the portion of the portfolio certified |
| Achieve certification to the Well Building Standard for one asset under management by 2020 | in progress | The realization of the Corso Como project will be completed in 2020 | ||
| Commit to procuring 100% renewable energy across our directly managed assets by 2020 | completed | All electrical power supply contract of the buildings directly managed have been transfered to a 100% renewable energy production | ||
| S | Stakeholder engagement | Develop a green procurement guide for property managers to promote more sustainable procurement practices across our supply chain by 2019 | in progress | A green procurement policy has been developed and will be presented for approval to the BoD in 2020 |
| S | Tenant satisfaction and quality services | To develop, in collaboration with the Pan European Think Tank, a specific market investigation into the requirements of office tenants, with particular attention to generational changes and future trends | completed | Activities completed during the year and results available on the COIMA RES website |
| Continuously involve existing and new tenants to develop responses and solutions to the feedback collected with the annual survey on tenant satisfaction | completed | Ongoing dialogue with tenants | ||
| G | Transparency in governance | Maintain the EPRA Gold Award for the annual financial and sustainability report | completed | COIMA RES has received from EPRA in 2019, and for the third year in a row, the Gold Award for its financial and sustainability report |
| G | Economic performance | Develop key performance indicators to track the economic value created from sustainability initiatives by 2019 | in progress | The wider development of KPI evaluation of ESG performance is underway through the application of COIMA Roots, a framework developed to measure and analyse ESG impacts |
2020-2023 SUSTAINABILITY OBJECTIVES
| ESG | Scope | Goal | TIME HORIZON | Comment |
|---|---|---|---|---|
| E | Portfolio decarbonisation | Reduce portfolio emissions and consumption | 2021 | Analysis of the environmental performance of buildings, technical and economic evaluation of possible areas for improvement in relation to EU de-carbonisation objectives |
| 2021-2022 | Definition of the portfolio de-carbonisation plan | |||
| From 2022 onwards | Monitoring and reporting of the results obtained | |||
| Certification of buildings | Application of sustainability certifications in portfolio properties | Timing related to the process of renovating buildings | Application of LEED and WELL sustainability certifications in buildings undergoing redevelopment or new construction | |
| S | Stakeholder engagement | Reduction of consumption and emissions | 2021-2022 | Meetings with the main tenants of the properties to analyze the ESG performance of the properties and to identify potential interventions for the reduction of environmental impacts |
| G | Transparency in governance | Annual financial report, sustainability and Corporate Governance Report | n.m. | Maintain EPRA's Gold Award for Financial and Sustainability Report for the Year 2020 |
| 2023 | Application of TCFD recommendations in the annual reporting |