108 / 220
KEY PERFORMANCE INDICATORS
DATA COMPLIANT WITH THE EPRA REFERENCE
DOCUMENTS
SCOPE
The data are calculated based on information Cofinimmo has as owner
and Cofinimmo Services as manager of its property portfolio, as well as
information obtained from the buildings’ occupants.
They concern the offices portfolio only, i.e. approximately 768,124m
2
over
a total of 1,853,467m
2
.
REPORT OF THE AUDITOR
Certain environmental KPIs (marked with a
) were audited by Deloitte
(see Report of the Auditor on page 109).
This audit enabled to better align the methodology for collecting the data
and their processing. Moreover, more data were obtained in 2012, which
explains the differences versus the previous Annual Financial Report.
The KPIs chosen by EPRA are a selection of the Global Reporting Initiative
(GRI) KPIs considered as relevant for the real estate sector.
GROSS AND STANDARDISED RESULTS
The conclusions below concern the 2012-2013 like-for-like analysis of the
results. Each indicator covers approximately 95% of the office portfolio.
On a like-for-like basis, there is a 4.6% increase of greenhouse gas emis-
sions, which can be split up as follows:
•
a 2.7% increase in electricity consumption;
•
a 10.1% increase in gross gas consumption.
Nevertheless, in order to objectively compare the changes in the con-
sumptions, climate conditions need to be taken into account from one
year to another.
To assess the harshness of the climate, standardised consumptions
are usually compared based on Degrees-Days (DD). The colder it is, the
higher the number of DD. The average value of DD for an area (for the last
30 years) is called “Normal Degrees-Days” (NDD).
Standardised consumption = observed consumption x NDD of the area /
DD of the area during the observation period
The DD 15/15 in Uccle/Ukkel (Brussels) for 2012 stand at 1,914.7°.
The DD 15/15 in Uccle/Ukkel (Brussels) for 2013 stand at 2,137.7°.
The normal DD 15/15 stand at 2,087.6°.
Therefore, the like-for-like standardised gas consumption of 2012 becomes
81,715MWh and that of 2013 becomes 80,587MWh. The gas consumption
at constant climate thus decreased by 1.4%.
Aware of the importance of consumption optimisation, in 2014, Cofinimmo
will use an energy accounting software implemented recently. The goal is
to measure energy consumptions faster.
Total consumption of direct energy coming from fuels (MWh/year)
Based on the GRI EN3 indicator
Total direct energy consumed coming from fuels (gas, fuel oil, biogas, etc.).
Gas consumption
Relative consumption
2012
MWh
2013
MWh
2012
kWh/m²
2013
kWh/m²
Multi-tenant cover (no. of buildings)
53
52
Single-tenant cover (no. of buildings)
32
33
Multi-tenants (1)
33,331
35,445
6.3%
111
121
Single-tenants (2)
44,068
48,050
9.0%
99
109
Headquarters
483
532
10.1%
125
137
TOTAL (1)+(2)
77,399
83,496
7.9%
104
114
Like-for-like 2012-2013 (83 buildings)
74,947
82,521
10.1%
103
113
Notes
1 The used fuel values concern heating gas for 100%. The consumption of fuel oil was not taken into account.
2 The indicated values represent the total consumption of the building, without a distinction being made between private and common areas.
3 Cofinimmo has no influence on the private consumption of the buildings’ tenants. It can only act on the consumption of the common technical
equipment of multi-tenant buildings of which the Property Management is taken care of by Cofinimmo Services.
4 The like-for-like analysis is conducted on the consumptions of the common technical equipment of multi-tenant buildings and all the
consumptions of single-tenant buildings.
Management Report
/
Corporate Social Responsibility
102
/