Strategy

With attention to social developments, Cofinimmo has the mission of making high-quality care, living and working environments available to its partners-tenants, from which users benefit directly. More specifically, Cofinimmo's mission is to:

1. promote exchanges creating well-being and inspiration in high-quality care, living and working spaces, by providing services that anticipate the needs and aspirations of their occupants;
   
   
2. animate an inspiring work and living environment, serving an exciting business project;
   
   
3. enable its shareholders to make long-term, low-risk and socially responsible investments that generate a recurring, predictable and growing stream of income, fuelling dividends and encouraging a return to the community.

Beyond the stakeholders identified above, the community itself greatly benefits from Cofinimmo's services on a multitude of levels whether in healthcare, the working world or simply in places where people exchange and share. Furthermore, Cofinimmo participates in the enhancement and renovation of public and parapublic property thanks to large-scale projects undertaken in the framework of public-private partnerships.

Cofinimmo's sustainability strategy is derived from its mission statement. Being a major real estate player in Europe, Cofinimmo has been committed for more than ten years to a global sustainability strategy.

The 30³ project

In response to the risks involved by climate change, Cofinimmo decided to scale its environmental ambitions up. The 2019 strategic thinking led to a 30% reduction (compared to the 2017 level) of the portfolio’s energy intensity by 2030, to reach 130 kWh/m².

This objective has been established following the science-based targets methodology, which enabled to objectivise the effort to be made in order to contribute to the global objective of limiting global warming to a maximum of 1.5°C. It follows on from the many sustainability initiatives we conducted, and is in line with the Paris Agreement concluded at COP21.

This business project will involve not only the office and healthcare real estate segments, but also all activities directly managed within the company such as sales and acquisitions, development, works management and day-to-day property management. Taking into account the entire life cycle of buildings, only a 360-degree approach will enable the Group to achieve the objective set.

A sustainable finance framework

Cofinimmo pays particular attention to the alignment between its financial strategy and its sustainability objectives. In this context, the company reviewed its sustainable financing framework in May 2020 to incorporate recent trends into the financing of sustainable assets which form part of its sustainability strategy. In its Second Party Opinion, Vigeo Eiris (now Moody’s Investors Services ‘MIS’) confirmed that this framework is aligned with the 2018 green bond principles, social bond principles, and green loan principles. In accordance with this framework, Cofinimmo can issue a variety of sustainable financing instruments, including bonds, convertible bonds, private placements, and (syndicated) bank loan facilities.

Following the final approval by the EU Council, the application of the corporate sustainability reporting directive (CSRD) has been delayed and becomes mandatory for Cofinimmo for the 2025 financial year whose reporting will take place in 2026. However, Cofinimmo already integrates sustainability indicators in its management report since 2010. The group supports the evolution towards a standardised reporting and will continue, as started on a voluntary basis, to deliver externally assured sustainability information backed by third parties.

17 UN goals to transform our world

Cofinimmo includes its activities in a wider framework and has aligned its strategy with the United Nations' Sustainable Development Goals (SDG) in advance of 2030.