Covivio’s sustainable development policy has been recognised regularly by non-financial rating agencies. The success of the Green Bonds issued by the Group also underscores this policy and its results.
Covivio is notably included in the following indices: DJSI World and Europe; Euronext CAC SBT 1.5°; Ethibel Sustainability Index; FTSE4Good; Gaïa Ethifinance; MSCI; STOXX Europe Sustainability and Global ESG Impact; Vigeo-Eiris 20 France, 120 Europe, 120 Eurozone and 120 World.
In 2022, Covivio confirmed its 5-star GRESB rating and obtained the maximum score from MSCI.
| 2021 | 2022 | ||||
|---|---|---|---|---|---|
 |
V.E, part of Moody's ESG Solutions
First ESG rating requested in 2019
|
A1+
Segment rank:1/90
World: 10/4931
|
A1+
Segment rank:1/90
World: 10/4931
|
||
 |
S&P Global Ratings
First rating requested in 2021
|
83/100
Sector Leader
|
83/100
Sector Leader
|
||
 |
CDP
Participation since 2012
|
A-
|
B
|
||
 |
ISS-ESG
Prime since 2015
|
B-
|
B-
|
||
 |
GRESB
Green Star since 2013
|
90/100
(Global Sector Leader)
|
88/100
(5-stars)
|
||
 |
CSA S&P (Ex DJSI)
World Index since 2013, Europe Index since 2016
|
74/100
(Percentlile 97)
|
69/100
(Percentile 96)
|
||
 |
GAÏA RATING
Included in the index since 2013
|
74/100
|
80/100
|
||
 |
ECOVADIS
Gold since first taking part in 2018
|
81/100
|
81/100
Top 1%
|
||
 |
MSCI
|
AAA
|
AAA
|
||
 |
Sustainalytics ESG Risk Rating
(scale reversed from 0 to 100, where 0 qualifies as zero risk)
|
8.3
Segment rank: 11/1043
World: 59/14647 |
7.9
Segment rank: 16/1040
World: 67/15061 |
A pioneer in the issuance of Green Bonds since 2016, in 2022 Covivio reached a new milestone in aligning its financing policy with its ESG goals by converting the last of its bond tranches into Green Bonds. As a result, Covivio now holds a 100% Green Bond portfolio representing over 32% of its total debt.
On this occasion, Covivio published its Sustainable Bond Framework, which raises the targets set for the first Green Bond issues.
The framework defines the eligibility criteria for assets that can be selected:
1. hold minimum HQE Excellent, BREEAM Excellent (“Very Good” in the case of assets already delivered), LEED Gold or DGNB Gold certification;
2. be located less than 500 metres from a public transport node;
3. provide an environmental annex or clauses on leases in France and new leases in Italy and Germany.
