Cofinimmo - Annual Financial Report 2015

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score 2013 score 2014 score 2015
EPRA Silver Gold Gold
GRESB 38 45 57
CDP 81C 89C 96C
STANDARD ETHICS EE+
For more details on performance indicators,
environmental targets and the auditor’s
report concerning environmental indica-
tors, visit
sustainable-development/.
Cofinimmo also participates in surveys
conducted by independent rating agencies in
terms of sustainable development. It focuses
on two major surveys, namely the Carbon
Disclosure Project and the Global Real Estate
Sustainability Benchmark (GRESB).
Cofinimmo’s 2015 scores, shown in the table
below, were significantly improved, compared
to 2014.
GOVERNANCE
STRUCTURE
To ensure the implementation of its sustaina-
ble development policy, in 2010, the Executive
Committee created the “Sustainability
Committee”, whose objective is to continu-
ously identify and assess all the factors that
might improve its sustainable development
strategy. This Committee is composed of
10 people representing, on the one hand, the
departments directly involved in the property
management of the Group’s portfolio, all
business segments combined (Property
Management, Project Management, Property
Services), and, on the other hand, the legal,
communication and human resources
departments.
Each member of the “Sustainability
Committee” is a true ambassador for
Cofinimmo’s sustainable development work
and contributes to drive the change in the
corporate culture for a more sustainable
approach to its activities.
TRANSPARENCY IN
COMMUNICATION
Cofinimmo has published all its sustainable
development actions and initiatives in a
separate report since April 2015. This report
follows the guidelines of the GRI G4 1 .
Simultaneously, it posts data relating to elec-
tricity, gas and water consumption, environ-
mental certifications, as well as the emission
of greenhouse gasses and waste production
of its buildings on its website. Cofinimmo
establishes key performance indicators
based on the EPRA reference system (EPRA
sBPR). These are calculated on the basis
of information in Cofinimmo’s possession
(owner), Cofinimmo Services (manager of the
properties) and the tenants. and occupants.
They concern the spaces used as offices
(portfolio of offices and PPP) as well as part
of the portfolio of healthcare real estate and
pubs/restaurants.
Targets achieved in previous years, as
well as in 2015 and future years, are
displayed in a dashboard, also pub-
lished on
able-development/performance-data/
dashboard.
BOARD OF DIRECTORS
Incorporating the sustainable development proposals submitted
within the company’s overall strategy.
EXECUTIVE COMMITTEE
Validating the sustainable development proposals submitted by
the Sustainability Committee.
HEAD OF PROPERTY SERVICES & CSR
Chairing the Sustainability Committee and reporting directly to
the Executive Committee.
SUSTAINABILITY
COMMITTEE
• Proposing specific, economically
reasonable measures to improve
the company’s environmental
performances, its portfolio and, by
extension, the spaces occupied by its
tenants.
• Developing initiatives to better
incorporate Corporate Social
Responsibility into the Group’s
strategy.
• Ensuring that the Group complies
with legal, national and international
environmental requirements.
• Communicating the Group’s
accomplishments to all stakeholders.
ENVIRONMENTAL
MANAGER
Member of the Sustainability Committee.
Working in the field to monitor
the implementation of the Group’s
environmental strategy in all business
segments in collaboration with
the operational teams.
1 Sustainability reporting guidelines issued by the Global Reporting Initiative .
86
Management report /
SUSTAINABLE REAL ESTATE STRATEGY