Covivio once again obtained the maximum score of A1+ for its Sustainability rating from Vigeo Eiris and remains the leader in the “Financial services – Real estate Europe” sector. This assessment rewards Covivio’s commitments and recognises the effective integration of ESG (environmental, ethical, social and corporate governance) factors in the Group’s strategy, operations and risk management. With an overall rating of 71/100 (compared with 69/100 in 2019), Covivio has moved up from 7 th place to 5 th place worldwide, all sectors combined1 .
As the world leader in the field of ESG assessments and analyses, Vigeo Eiris provides its clients with the ESG information they need to manage risks and improve their understanding and handling of their social and environmental impacts. These due diligence procedures, sought by businesses, are organised into three complementary pillars:
- the impact of the company’s products, services and behaviours on sustainability and its capacity to invest in the future;
- risks that may affect the company’s strategic assets (reputation, cohesion of human capital, operational efficacy and legal compliance) and their identification, control and mitigation system;
- management of social responsibility factors (human rights, HR policy, environment, business ethics, governance, societal commitment).
A recognised European CSR policy
Having obtained the highest possible rating of A1+, and leading its sector for the second year running, Covivio is capitalising on an ambitious sustainable development policy focusing on four areas: Sustainable Building, Sustainable City, Human Capital and Ethical practices. In particular, Vigeo Eiris recognised the high score obtained by the group for its energy transition, human resources management and alignment of governance practices with the highest international standards
“Covivio has adopted an ambitious CSR policy and objectives from 2010, covering all its activities at European level. This distinction once again underlines the relevance of our strategy, which has been recognized for several years by extra-financial rating agencies and places the group as a benchmark real estate operator in terms of sustainable development” adds Jean-Eric Fournier, Director of Sustainable Development, Covivio.
For further information on the group’s sustainable development strategy and the measures implemented, consult our 2019 Annual Sustainable Development Report.
1 Covivio is ranked in 1 st place out of 86 rated companies in its sector in Europe. All sectors combined, the Group is ranked 5 th out of 1,602 in Europe and 5 th out of 4,823 worldwide.