Environmental & Social Information • Sep 7, 2016
Environmental & Social Information
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7 September 2016
Altarea Cogedim has clinched 1st place worldwide amongst the REITs assessed for the GRESB (Global Real Estate Sustainability Benchmark) 2016. This benchmark rating assesses the CSR performance of property sector companies each year. Altarea Cogedim has now outperformed the Green Star level, becoming Sector Leader and scoring an exceptional 92/100 (i.e. up 6 points compared with 2015).
Altarea Cogedim has just been awarded Sector Leader status in the GRESB classifications, the reference benchmark for sustainable development in the property sector, with 733 companies and funds assessed worldwide in 2016.
Alain Taravella, Chairman and Founder of Altarea Cogedim announced: "We are extremely proud to be awarded this 1 st place worldwide amongst REITs and 1st place in Europe across all real estate typologies for our Corporate Social Responsibility (CSR). This exceptional performance rewards the dedicated efforts of our teams across all of the Group's property projects. It is also the result of the extension of our CSR approach to new areas such as wellness and improvements in the societal footprint of our projects. This approach contributes to Altarea Cogedim's long-term performance and reflects its commitment to all stakeholders and our local communities."
In 2015, Altarea Cogedim was the first REIT in France to achieve BREEAM IN-USE® certification for all its assets under management.
GRESB is an industry-driven organization committed to assessing the ESG performance of real assets globally, including real estate portfolios and infrastructure assets. More than 200 members, of which about 60 are pension funds and their fiduciaries, use the GRESB data in their investment management and engagement process, with a clear goal to optimize the risk/return profile of their investments.
Altarea Cogedim is a leading property group. As both a commercial land owner and developer, it operates in all three main classes of property assets: retail, residential and offices. It has the know-how in each sector required to design, develop, commercialise and manage made-to-measure property products. With operations in France, Spain and Italy, Altarea Cogedim manages a shopping centre portfolio of €4.5 billion. Listed on compartment A of Euronext Paris, Altarea had a market capitalisation of €2.3 billion at 31 December 2015.
Nathalie Bardin Head of Institutional Relations, Communications and Corporate Forecast +33 (0)1 56 26 25 53 / +33 (0)6 85 26 15 29 [email protected]
Valérie Jardat Agence Côté Jardat +33 (0)1 41 05 94 10 / +33 (0)6 12 05 18 35 [email protected]
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