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Eco-construction: a priority for Covivio

Toward 100% certified buildings

Since 2015, Covivio has set itself ambitious targets for the certification (HQE, BREEAM, LEED) of its portfolio (100% green properties by end-2020 for France Offices, 80% at end-2022 for Italy, and 66% for hotels in Europe by end 2020). Following the Purpose’s expression, the targets have been reinforced : 100% of Covivio’s portfolio will have to be certified by 2025.

On every site, Covivio is optimising energy performance and reducing CO2 emissions by using a strong works policy and increasing the awareness of the various agents in the chain at every phase in the property’s life cycle: development, management, and renovation.

With its eco-construction approach, Covivio is co-building a more resilient, more inclusive city by working to combat climate change and urban sprawl, favouring the circular economy, and placing people at the centre of every project.

 

Greening rates of the group’s portfolios
(Share of buildings certified for their construction and/or operation, in group share value at 30/06/2021)

91 %

of green assets in Europe

40 %

reduction in greenhouse gas emissions per m² by 2030 compared to 2010 (all activities)

97 %

of assets located at less than 5 mn from public transportation

15100

jobs supported in Europe by the Group’s activities

15

Directors

60 %

Independent Directors

40 %

Women Directors

Ambitious strategy to fight climate change

In 2017-2018, Covivio verified that its 2030 European carbon trajectory was compatible with that of the Paris Agreement of December 2015. Created with the French Scientific and Technical Centre for the Construction Industry (CSTB), and based on a firm scientific footing, this trajectory involves Covivio’s different products in Europe (offices, hotels, residential) and was approved by the SBT (Science-Based Targets) initiative in 2018.

In 2021, Covivio has decided to raise its carbon ambitions to align itself with a 1.5°C trajectory and aim for a “Net Zero Carbon” (Scopes 1 and 2) and Well-below 2°C (Scope 3 including construction / renovation).

See the Press release

Aware of the climate imperative and thanks to its experience in this area, Covivio is currently working on revising its objectives and continuing to experiment on its portfolio to remain a pioneer in low-carbon construction. In 2020, the Group also continued its alignment with the recommendations of the TCFD (Task Force on Climate-Related Financial Disclosures) and mandated several organizations to carry out resilience studies in order to determine the potential impacts of climate change on its assets.

TCFD Reporting

Covivio is also a pioneer in Building Information Modelling (BIM). In addition to the improvement in the operational management of properties, this tool promotes the circular economyby organizing the traceability of materials so they may be reused.

Several Covivio operations are benefiting or will be benefiting from this innovative technology: Hélios building (Thales) in Velizy-Villacoublay received a “Golden BIM” award in 2016.

 

Group carbon trajectory (Scopes 1, 2, 3)
in carbon intensity (kgCO2e/m²/year)

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Stream Building - Paris 17th

At the heart of the future centralities of Greater Paris, Stream will offer 16,200 m² of mixed-use spaces combining innovation and environmental excellence. Benefiting from high levels of certification (HQE Exceptional, BREEAM Excellent and BBCA, E + C-, effinergie+ labels), the project has an architecture mixing concrete and wood with large green spaces and photovoltaic panels.

Focus on wood construction:

  • 2,000 m3 of wood used allowing the storage of 1,400 teqCO2.
  • Reduced energy cost over its entire lifespan compared to other construction materials
  • Participation in local economic development: 120% increase of the working hours
  • Easier and lighter assembly thanks to prefabrication in the workshop: one stage assembled in 10 working days.
STREAM