Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Mapping of over 300,000 sq. m of commercial space to provide information on building energy consumption and potential for energy recovery.
• Achieved an overall average score of 50 out of 100 on Sinteo’s CarbonScreen®, four points higher than the French benchmark average.
• Average overall energy consumption for the audited portfolio is 371 kWh/sq. m/year (primary energy), about 11% less than the French average.

Social Achievements

• Awarded a grant to two architecture students for their project highlighting Gustave Eiffel’s legacy in South America.
• Maintained a voluntary turnover rate of 8%.
• 96% of employees participated in at least one training course.

Governance Achievements

• Renewal of the Board of Directors with the arrival of high-profile new members, Mercedes Erra and Richard Nottage.
• Announced a succession plan for its current executive directors, Mark Inch and Robert Waterland.
• Established an audit committee and an appointments and remunerations committee.

Climate Goals & Targets

Environmental Challenges

• Difficult macroeconomic conditions and an uncertain international background.
• Debt crisis and increased bank lending margins.
• Reduced tax benefits for SIICs, new business tax, and hiked occupational and development levies.

Mitigation Strategies

• Secured refinancing of nearly €60 million and financing of €20 million.
• Reduced LTV from 62.3% in 2009 to 57.6% in 2011.
• Pursued a policy of selective disposals of non-strategic assets.
• Focused on partnerships with other major real estate investors.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• EIFFEL O2 building (LEB certified, targeting BREEAm Very Good rating)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 47% reduction in greenhouse gas emissions compared to 2011, mainly due to decreased air travel.
• 81% of the portfolio mapped in 2012 by value (69% by floor space).
• Average portfolio energy consumption 25% lower than the French average.

Social Achievements

• Implementation of a free share allocation plan for employees.
• 70% of Asset Managers were female.
• 100% of employees had permanent contracts.
• 45% of employees participated in at least one training course.

Governance Achievements

• Appointment of Mercedes Erra to the Board of Directors.
• Extension of the Société de la Tour Eiffel Foundation for five years.
• €150,000 allocated to the Foundation's multi-year program.

Climate Goals & Targets

Environmental Challenges

• Difficulty in establishing the traceability of tenant waste production.
• Excessive energy consumption stemming from tenant activities in some buildings.

Mitigation Strategies

• A study planned for 2013 to determine possibilities for measurable selective waste collection.
• Energy audits to identify paths for potential optimization and corrective action plans.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Clause in contracts with providers to ensure compliance with French legislation and respect for employee rights.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI (Global Reporting Initiative), EPRA (European Public Real Estate Association)

Certifications: Null

Third-party Assurance: PricewaterhouseCoopers Audit

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 6% reduction in GHG emissions on a like-for-like basis compared to 2012
• 100% of core portfolio mapped environmentally
• 95% of leases included environmental riders
• BREEAM-in-Use certification for Domino (Paris) and CityZen (Rueil-Malmaison) buildings
• HQE and BREEAM Very Good certification for the Eiffel O2 building in Montrouge

Social Achievements

• 19% increase in employee training hours between 2012 and 2013
• All employees are shareholders
• Improved job arrangement for an employee with a disability

Governance Achievements

• Establishment of a CSR Steering Committee in 2013
• Creation of a Sustainable Development department
• EPRA Sustainability BPR Bronze award and participation in the GRESB questionnaire

Climate Goals & Targets

Environmental Challenges

• High energy consumption of the core portfolio compared to the French average
• Need to further reduce energy consumption and improve environmental performance

Mitigation Strategies

• Defined a roadmap to reduce final energy consumption by 20% by 2020
• Signed the Charter for the energy efficiency of public and private office buildings
• Implemented green leases and green lease committees
• Ongoing deployment of environmental certification initiative

Supply Chain Management

Responsible Procurement

• Selection of eco-certified subcontractor for cleaning

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4, EPRA, GRESB

Certifications: BREEAM, LEB, HQE

Third-party Assurance: PricewaterhouseCoopers Audit

Awards & Recognition

• EPRA Sustainability BPR Bronze Award

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Management
• Resource Efficiency
• Biodiversity
• Stakeholder Engagement

Environmental Achievements

• 98% of assets covered by fluid data collection for energy mapping by end of 2022.
• Conversion of vehicle fleet to hybrid and electric vehicles since 2022.
• Implementation of a Mitigation Plan to measure and reduce greenhouse gas emissions.
• Conducting adaptation audits on assets to assess climate change risks (20+ in 2021, 20+ planned for 2023).
• Generalization of environmental consultant use for all Capex on assets in operation since 2022.
• Initiation of actions for selection of low-carbon construction materials (low-carbon concrete, eco-friendly paints).

Social Achievements

• Involvement of stakeholders through CSR Committees, employee training, and a Responsible Purchasing and Supplier Relations Charter.
• Implementation of environmental committees with tenants to monitor environmental actions.
• Launched a sustainable management program for green spaces in 2021.

Governance Achievements

• Implementation of a Mitigation Plan with targets for various timeframes.
• ESG practices questionnaire sent to service providers (196 in early 2023).
• Environmental policy reviewed annually and implemented by the CSR & Innovation Director under supervision of the CSR internal committee and ESG Committee.

Climate Goals & Targets

Environmental Challenges

• Reducing energy consumption in line with the French DEET regulation (40% reduction by 2030).
• Adapting assets to the physical risks of climate change.
• Managing waste and water consumption effectively.

Mitigation Strategies

• Systematic reduction of energy consumption and encouragement of energy-saving behavior among tenants.
• Feasibility studies on renewable energy production for development projects.
• Implementation of adaptation audits and recommendations to address climate change risks.
• Partnerships with companies for waste management optimization.
• Rational water management policy and installation of water meters, sub-meters, rainwater harvesting systems, and hydro-economy equipment.

Supply Chain Management

Supplier Audits: ESG practices questionnaire sent to 196 service providers in early 2023.

Responsible Procurement

• Responsible Purchasing and Supplier Relations Charter

Climate-Related Risks & Opportunities

Physical Risks

• Climate change impacts on buildings