ALTAREA COGEDIM, NUMBER 1 WORLDWIDE REIT FOR ITS CSR PERFORMANCE
Altarea Cogedim has clinched 1st place worldwide amongst the REITs assessed for
the GRESB (Global Real Estate Sustainability Benchmark) 2016. This benchmark
rating assesses the CSR performance of property sector companies each year.
Altarea Cogedim has now outperformed the Green Star level, becoming Sector
Leader and scoring an exceptional 92/100 (i.e. up 6 points compared with 2015).
Altarea Cogedim has just been awarded Sector Leader status in the GRESB
classifications, the reference benchmark for sustainable development in the
property sector, with 733 companies and funds assessed worldwide in 2016.
* Altarea Cogedim was ranked in 1st place worldwide from amongst 129 listed and
* Altarea Cogedim was ranked in 1st place in Europe out of 84 listed players,
across all real estate typologies (and 2nd place worldwide out of 197 listed
Alain Taravella, Chairman and Founder of Altarea Cogedim announced: "We are
extremely proud to be awarded this 1st place worldwide amongst REITs and 1st
place in Europe across all real estate typologies for our Corporate Social
Responsibility (CSR). This exceptional performance rewards the dedicated
efforts of our teams across all of the Group's property projects. It is also
the result of the extension of our CSR approach to new areas such as wellness
and improvements in the societal footprint of our projects. This approach
contributes to Altarea Cogedim's long-term performance and reflects its
commitment to all stakeholders and our local communities."
In 2015, Altarea Cogedim was the first REIT in France to achieve BREEAM
IN-USE(r) certification for all its assets under management.
GRESB is an industry-driven organization committed to assessing the ESG
performance of real assets globally, including real estate portfolios and
infrastructure assets. More than 200 members, of which about 60 are pension
funds and their fiduciaries, use the GRESB data in their investment management
and engagement process, with a clear goal to optimize the risk/return profile
of their investments.
About Altarea Cogedim - FR0000033219 - ALTA
Altarea Cogedim is a leading property group. As both a commercial land owner
and developer, it operates in all three main classes of property assets:
retail, residential and offices. It has the know-how in each sector required to
design, develop, commercialise and manage made-to-measure property products.
With operations in France, Spain and Italy, Altarea Cogedim manages a shopping
centre portfolio of EUR4.5 billion. Listed on compartment A of Euronext Paris,
Altarea had a market capitalisation of EUR2.3 billion at 31 December 2015.
Head of Institutional Relations,
Communications and Corporate Forecast
+33 (0)1 56 26 25 53 / +33 (0)6 85 26 15 29