CSR: ICADE REINFORCES ITS LEADING POSITION ATOP 2019 RANKINGS FROM ESG RATING
AGENCIES AND PUBLISHES ITS SECOND ANNUAL GREEN BOND REPORT
GRESB, Vigeo Eiris, FTSE and EPRA have once again recognised the quality of
Icade's CSR policies and reports.
Icade has simultaneously published its second Annual Green Bond Report for the
Green Bond issued in September 2017.
Icade has been ranked as a sector leader by GRESB in the category of listed
diversified companies in Western Europe. It obtained a score of 84/100, up 2
points compared to 2018.
The Global Real Estate Sustainability Benchmark (GRESB) is the leading
international organisation assessing the CSR performance of real estate
Sharp rise in the Vigeo Eiris ranking
Icade was ranked 3rd out of 81 companies in Europe (vs. 6th out of 37 in 2017)
and 4th out of 292 companies worldwide in the latest Vigeo Eiris ranking for
the Financial Services - Real Estate sector (August 2019). Its score of 65/100,
up 6 points from its previous evaluation, allowed Icade to reach the highest
performance level attainable, i.e. Advanced.
Vigeo Eiris is an independent international provider of Environmental, Social
and Governance (ESG) research and services.
Another two Gold Awards from
Icade has received a Gold Sustainability Award for the quality of its CSR
reporting and a Gold Award for the quality and transparency of its financial
EPRA (European Public Real Estate Association) issues guidelines and awards
prizes to real estate companies based on the quality of their financial and CSR
Icade also maintained its ranking in the FTSE4Good Index in 2019. Created by
the global index provider FTSE Russell, the FTSE4Good Index Series is designed
to measure the performance of companies demonstrating strong Environmental,
Social and Governance (ESG) practices.
Publication of the second Green Bond Report
Icade has just published its second annual report on the Green Bond issued in
September 2017 for a total of EUR600 million. Allocated proceeds amounted to
EUR570 million as of 12/31/2018, including 40% for financing and 60% for
refinancing. CO2 emissions avoided by the green projects and assets amounted to
938 tonnes, up 21% compared to 2017.
Icade has been ranked at the top of the global Top 10 for the quality of its
Green Bond reporting according to the Climate Bonds Initiative on its
"Post-issuance Reporting in the Green Bond Market" report released on March
The proceeds of this issue are being used for projects and assets from the
Office Property Investment Division that meet stringent and transparent
eligibility criteria, including but not limited to a minimum certification
level of HQE "Very Good" and/or BREEAM "Very Good".
"Icade's position as an industry leader in corporate social responsibility is
reflected in the dramatic improvement in its ESG ratings and a new award from
EPRA. This is a fine reward for all the teams at Icade which have been heavily
involved in this major component of our strategy."
Olivier Wigniolle, CEO of Icade
Building for every future
As an investor and a developer, Icade is an integrated real estate player which
designs innovative real estate products and services adapted to new urban
lifestyles and habits. By placing corporate social responsibility and
innovation at the core of its strategy, Icade is closely involved with
stakeholders and users in the cities-local authorities and communities,
companies and employees, institutions and associations... As an office and
healthcare property investor (portfolio value of EUR11.7bn as of 06/30/2019 on
a proportionate consolidation basis) and as a property developer (2018 economic
revenues of EUR1,251m), Icade has been able to reinvent the real estate
business and foster the emergence of tomorrow's greener, smarter and more
responsible cities. Icade is a significant player in the Greater Paris area and
major French cities. Icade is listed on Euronext Paris as a French Listed Real
Estate Investment Company (SIIC). Its leading shareholder is the Caisse des
The text of this press release is available on the Icade website:
Head of financial communication and investor relations
+33(0)1 41 57 70 29