The group thus retains second place in the “Diversified office/residential assets – Western Europe” category, and maintains its “5-star” status, confirming its position as one of the world leaders in the sector.
Covivio, for which the assessment covered all its Office, Residential and Hotels activities in Europe, improved by two points compared to 2022, achieving a score of 90/100 in the “Assets in operation” section, supported in particular by the maximum score of 100% in the management section.
Covivio also made progress in the “Development” section, achieving a score of 97/100, 10 points higher than in 2020.
At the same time, Covivio retains the maximum score of 100/100 in the “Public Disclosure” category, which rewards the quality and transparency of its ESG reporting.
This year’s GRESB highlights include:
- Covivio’s comprehensive sustainable development policy, with verified and recognized reporting procedures and clear objectives.
- The inclusion of stakeholders in the group’s strategy, particularly with regard to customers and local residents, with a high level of customer satisfaction and concrete measures to improve the well-being of occupants.
- Covivio’s environmental certification policy, with a group-wide objective of 100% certification by the end of 2025, both for its portfolio in operation and its development pipeline.
“These very good results once again confirm Covivio’s environmental performance. Our roadmap has already enabled us to reduce energy consumption by 24% (vs 2019) and greenhouse gas emissions by 25% over the entire lifecycle of our assets (vs 2010). We are continuing to roll out our ESG strategy across all our businesses in Europe and at all levels of the Group, as recently demonstrated by the Covivio 4 Climate initiative, which sets new targets for the corporate scope, supported by a European team of climate ambassadors”Jean-Eric Fournier
Sustainable Development Director, Covivio.
Among other ratings attesting to the recognition of its ESG policy, Covivio maintains its “AAA” rating with MSCI, as well as its B- rating and Prime status with ISS-ESG. The Sustainalytics rating agency also places Covivio in the top 100 rated companies across all sectors and countries, and classifies it in the “negligible ESG risk” category.