Cofinimmo - Annual Financial Report 2014

Governance structure

Cofinimmo’s Corporate Social Responsibility is ensured by the

Sustainability Committee, which objective is to continuously

identify and evaluate all the elements contributing to sustainable

development. This Committee is comprised of ten people represent-

ing, on the one hand, the departments which are directly involved in

the management of the Group’s real estate portfolio, throughout all

segments (Property Management, Project Management, Property

Services) and, on the other hand, the legal, communication and

human resources departments. It is chaired by the Head of Property

Services & CSR, who reports directly to the Executive Committee.

The role of the Sustainability Committee includes:

•

to propose concrete and economically sound measures to

improve the environmental performance of the company, its

portfolio and, by extension, the spaces occupied by its tenants;

•

to develop initiatives to better integrate CSR in the Group’s

strategy;

•

to ensure that the Group complies with legal prescriptions, both

national and international, in terms of environement;

•

to communicate realisations to all stakeholders.

Each member of the Sustainability Committee is a true ambassador

of Cofinimmo’s actions in terms of sustainable development. Along

with management, he/she contributes to the evolution of the corpo-

rate culture towards a more sustainable approach of its activities.

Cofinimmo also has a full-time Environmental Manager. Member

of the Sustainability Committee, her mission is to monitor on the

ground, hand in hand with the operational teams, the implemen-

tation of the Group’s environmental strategy throughout all activity

segments.

The strategic proposals with regard to sustainable development

are validated or amended by the Executive Committe which, in turn,

submits them for validation to the Board of Directors in the context

of the annual review of the global corporate strategy.

Performance and targets

Cofinimmo establishes key performance indicators based on the

EPRA reference system. These are calculated based on information

collected from the manager of the property portfolio, Cofinimmo

Services and occupants. They relate to the office portfolio, as well

as part of the healthcare portfolio.

Targets achieved in previous years, as well as those for 2014 and

future years, are displayed in a dashboard.

For more details on the performance indicators, environmental tar-

gets and the Auditor’s report concerning environmental indicators,

consult our website

www.cofinimmo.com/Sustainable

develop-

ment/Performances & objectives.

Board of Directors

Executive Committee

Head of Property Services

& Corporate Social Responsibility

Sustainability

Committee

Environmental

Manager

We believe in a sustainable development of cities

per district, which takes into account a balance of

uses. Offices, residential buildings, retail spaces

and green areas must coexist and unifunctional

districts must progressively disappear.

MANAGEMENT REPORT /

Sustainable development