Gecina ranked first in the 2018 GRESB benchmark for listed office real estate companies in Europe
Gecina has consolidated its position as the leading listed office real estate company in Europe in the Global Real Estate Sustainability Benchmark (GRESB), which assesses the CSR policies and performance of real estate companies each year.
Gecina achieved an overall score of 92/100 and was awarded Green Star status, the highest category in the GRESB rankings, for the sixth consecutive year. The Group stood out in particular for its “Management” and “Policy & Disclosure” performance, achieving the maximum score of 100 points. Gecina also made significant progress with its “Building Certification” and “Monitoring & Environmental Management System” scores, increasing them by 4 and 3 points respectively. With these results, Gecina is setting out its determination to successfully implementing its “2020 Targets” plan and respecting its CSR commitments and the ESG criteria from the sustainability performance-linked loans set up with ING France and Crédit Agricole Corporate & Investment Bank (CACIB).
“This outstanding result reflects our commitment to sustainable development and long-term value creation for our customers and all our stakeholders. The GRESB rankings confirm the relevance of our 2020 Targets plan, focused on four priorities (wellbeing, biodiversity, low-carbon and circular economy), and recognize the high level of dedication shown by all our teams each day”, explains Méka Brunel, Gecina’s Chief Executive Officer.
At the European Public Real Estate Association (EPRA) annual conference in Berlin, Gecina once again received two Gold Awards, including Gold in the Sustainability Best Practices Recommendations (SBPR) Awards. This recognition highlights the quality and transparency of the Group’s sustainability reporting.
The Global Real Estate Sustainability Benchmark (GRESB) assesses the sustainable performance of real estate portfolios around the world for institutional investors. GRESB compares data provided by the companies on social, environmental and societal issues. The final ranking benchmarks real estate companies’ sustainable performance levels against their direct competitors. Gecina's category includes real estate companies whose office assets represent more than 75% of their NAV. In 2018, GRESB assessed 903 real estate companies worldwide.
The European Public Real Estate Association (EPRA) is an association representing companies from the real estate industry. Its role is to promote, develop and represent listed real estate companies at European level.
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