CSR Action plan

A multi-country and multi-product CSR action plan

Covivio’s sustainable development strategy covers all its activities in Europe and all levels of the company. Built on the experience of analysing its material issues and CSR risks, this strategy sets out an action plan that echoes Covivio’s purpose. The complete action plan is included in the Universal Registration Document 2022.

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Sustainable building

Update the portfolio to include changes that affect sustainable buildings, uses and health

Hold 100% certified assets

Covivio is committed to certifying all its operating and/or built assets according to recognised standards (such as HQE, BREEAM or LEED).

Scope

Group

Delivery date

2025

Advancement rate

95.3%

Group

at end-2023

(compared with 93.2% at end-2022)

100%

France Offices

at end-2023

100%

Italy Offices

at end-2022

(compared with 98% at end-2022)

61.9%

Germany Offices

at end-2023

(compared with 46.1% at end-2022)

100%

Residential Germany

at end-2023

100% based on the HQE Exploitation certification

91.2%

Hotels in Europe

at end-2022

(compared with 87.5% at end-2022)

Develop and refurbish 100% of certified assets

Since 2015, Covivio has undertaken to certify its assets under development or renovation according to the highest standards.

Scope

Commercial portfolio

Delivery date

Permanent

Advancement rate

100%

Reduce the energy consumption of the portfolio

Since 2010, Covivio has set itself targets for reducing the energy consumption of buildings. To maintain this progress, the Group is targeting a 25% reduction across all its assets by 2030 compared with 2019.

Scope

Group

Delivery date

2030

Advancement rate

92%

at end-2022

i.e -23% reduction by end-2022

Commit to the low-carbon transition

In 2021, Covivio set even more ambitious targets with a new carbon trajectory, now aligned with a 1.5°C scenario (Scopes 1 and 2) and well-below 2°C scenario (Scope 3). The Group is aiming to reduce its carbon intensity by 40% (all activities, including developments) by 2030 compared with 2010.

Scope

Group

Delivery date

2030

Advancement rate

63%

at end-2022

-25% reduction in CO2 emissions by the end of 2022

Societal

Build a smarter, more inclusive and sustainable city

Turn each site into a biodiversity driver

Having mapped biodiversity impacts since 2017, Covivio is now committed to defining more granular biodiversity metrics, particularly for its development projects. The Group has set new goals as part of its commitment to Act4Nature.

Scope

Group

Delivery date

2025

Advancement rate

60%

at end-2022

Group-wide 'Global Biodiversity Score' in 2022 and development of a CBS (Surface Biotope Coefficient) indicator. 230,000m² with a biodiversity label.

Holding assets accessible by public transport

Our goal is for 100% of our buildings to be less than 10 minutes’ walk from a form of public transport. For its offices, Covivio is also aiming for 100% of assets to be less than 5 minutes’ walk from a train station.

Scope

Group

Delivery date

2025

Advancement rate

99.8%

at end-2023

97% within 5 minutes

Social

Develop, diversify and retain human capital

Develop talent

Covivio is committed to developing its talent and aims to train at least 50% of its employees each year.

Scope

Group

Delivery date

Permanent

Advancement rate

73%

At end-2022

Measure the well-being of employees

Launched in France in 2016, Covivio is committed to conducting a Europe-wide engagement survey every two years.

Scope

Group

Delivery date

Permanent

Advancement rate

100%

Last survey in 2023

Governance

Guarantee ethical practices

Disseminate and share ethics best practices with all employees

Covivio is committed to training all its employees on the principles of its code of ethics, which is binding on all staff.

Scope

Group

Delivery date

Permanent

Advancement rate

100%

at end-2023

Conduct effective governance

Target 45% independent directors and 40% female Board members.

Scope

Group

Delivery date

Permanent

Advancement rate

100%

at end-2022

60% Independent Board members

100%

at end-2022

43% Female Board members