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ESG

Performance & data

Benchmarks and awards

ESG is embedded in the organisation, as evidenced by application of ESG reporting guidelines such as GRI, sBPR EPRA and Euronext ESG and by assessments such as GRESB, Carbon Disclosure Project, Sustainalytics, MSCI ESG, ISS ESG, S&P Global CSA, Moody’s ESG Solutions, Standard Ethics, Solactive EU CSR Index, BREEAM, European Women on Boards, Equileap and Investors in People. Cofinimmo is also one of the Top SBTi 1.5° C ESG Bond issuers and included in the new Euronext Bel ESG Index.

Scores Latest rating Initial rating Evolution
Sustainability reporting

2023
Gold (on a scale going from Standard to Platinum)

Stand.


2012

Gold

Gold

Gold

2021

2022

2023

Sustainability reporting

2023

Gold Award for the transparency and the
quality of the group’s communication towards
its shareholders and stakeholders

Gold


2012

Gold

Gold

Gold

2021

2022

2023

gresb

2023

Green Star with a score of 77%
(with GRESB average being 75%)

45%


2014

70%

70%

77%

2021

2022

2023

gresb

2023

B (on a scale going from A to D-)

(with Europe regional average B and Financial services sector average B-)

C


2013

B

B

B

2021

2022

2023

gresb

2023

11.1 (Low risk)
Guidelines Sustainalytics:
-> Ext. Comm: Only publish in URD & website (sustainability ratings page).
-> IR: Do not publish in roadshow presentations

15.1


2019

12.6

12.0

11.1

2021

2022

2023

gresb

2023
AA1 (on a scale going from CCC to AAA)

BBB


2013

AA

AA

AA

2021

2022

2023

gresb

2023
C Prime
(on a scale going from D- to A+)
(Industry average D+)

D


2013

C
Prime

C
Prime

C
Prime

2021

2022

2023

gresb

2023

54 (within 90th percentile for all dimensions)

(real estate sector average 29)

22


2019

49

49

54

2021

2022

2023

2022

56% (Robust)

-Environment:   58%   (sector average: 41%)

-Social:   50%   (sector average: 34%)

-Governance:   64%   (sector average: 47%)

58%


2019

58%

56%

56%

2021

2022

2023

gresb

2023

EE+ (Very strong)
(on a scale going from F to EEE)

SE Belgian Index & SE Best in Class Index

EE+


2015

EE+

EE+

EE+

2021

2022

2023

2023

Solactive Europe Corporate Social Responsibility Index (based on different sustainability data providers)

EU
Excel.


2018

EU
Excel.

EU CSR
Excel.

 EU CSR
Index

2021

2022

2023

gresb

2024

BREEAM – Good to Excellent (11 sites)

HQE – Excellent (1 site)

BREEAM In-Use – Good to Excellent (18 sites)

ACTIVE SCORE – Gold (1 site)

1
site


2010

20
sites

27
site

31
site

2022

2023

2024

gresb

2023

0.75 GDI rating (ranking 3rd place in Belgium)

(Global average: 0.59)

18th


20183

0.75

0.75

0.75

2021

2022

2023

gresb

2023

63% (#1 in Belgium in terms of gender equality)

58%


2019

55%

58%

55%

2021

2022

2023

2023
Gold (on a scale going from Bronze to Gold)

Gold


2022

Gold

Gold

2021

2022

2022

2023
Top SBTi 1.5 C ESG Bond issuer (by Euronext)

member

2023

2023
Bel ESG Index member

member

2023

2023
Certification "Great Place To WorkTM"

BE
DE


2023

2023
Only Belgian real estate player included in the 500 Europe’s Climate Leaders of Financial Times (and again included in the 600 Europe’s Climate Leaders 2024 published on 25.04.2024)

Top
500


2023

Top
500

Top
600

2022

2023

2024

1 Disclaimer statement – The use by Cofinimmo of any MSCI ESG RESEARCH LLC or its affiliates (“MSCI”) data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Cofinimmo by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided ‘as-is’ and without warranty. MSCI names and logos are trademarks or service marks of MSCI.

2 A growth policy is applied for BREEAM or BREEAM-equivalent certification favouring the certification of buildings not certified in the past, which goes beyond a simple extension of the certifications already obtained. The number of buildings that have thus obtained BREEAM or BREEAM-equivalent certification at one time or another amounts to 27.

3 No GDI rating available for 2018, on the worlwide ranking (out of 600 companies).

Certifications

Property
AZURIT Seniorenzentrum Elbharmonie - Riesa Very Good BREEAM in-Use
Stella Vitalis Seniorenzentrum - Weil am Rhein Very Good BREEAM in-Use
Bruxelles Environnement Excellent BREEAM
Woluwe 58 Very Good BREEAM In-Use
Leuze-en-Hainaut Good BREEAM
Belliard 40 Excellent BREEAM
Quartz Excellent BREEAM
Guimard 10 Very Good BREEAM
Hôpital SSR - Chalon-sur-Saône Excellent HQE
Vigo Very Good BREEAM
Oleiros Excellent BREEAM
Keiheuvel - BALEN Very Good BREEAM In-Use
Eden Park - AALST Very Good BREEAM In-Use
Dilhome - DILBEEK Very Good BREEAM In-Use
Puthof - BORGLOON Very Good BREEAM In-Use
Serrenhof – SINT TRUDEN Very Good BREEAM In-Use
Cartagena Excellent BREEAM
Lérida Excellent BREEAM
Castellón de la Plana Excellent BREEAM In-Use
Orpea Bilbao Excellent BREEAM In-Use
Amavir Sarriguren Excellent BREEAM In-Use
RESIDENCIA DE MAYORES LA SALUT JOSEP SERVAT - Barcelona Very Good BREEAM In-Use
THOR-COFINIMMO´S CASTELLÓN NURSING HOME - Castellon Excellent BREEAM
ALCALÁ DE GUADAIRA Very Good BREEAM
EMERA MÉNDEZ ÁLVARO Excellent BREEAM
MAYORES AMAVIR LA GAVIA Excellent BREEAM
UTRERA Very Good BREEAM

Energy Performances (on 31.12.2022)

Segment Country

Country
coverage

Number of
buildings
assessed
Weighted average score
depending on the area
(in kWh/m²)
Healthcare real estate Belgium 26 % 26/90 198
Healthcare real estate France 99 % 51/51 260
Healthcare real estate + MOB The Netherlands 98 % 47/49 217
Healthcare real estate Germany 86 % 50/56 113
Healthcare real estate Others 94 % 53/54 205
Property of distribution networks 2 % 32/883 253
PPP under finance lease 3 % 1/6 281
Other finance leases 88 % 8/9 257
Offices 63 % 31/57 191