LNA Santé
Climate Impact & Sustainability Data (2021-01 to 2021-06, 2023)
Reporting Period: 2021-01 to 2021-06
Environmental Metrics
ESG Focus Areas
- Corporate Social Responsibility (CSR)
- Environmental Transition
- Staff well-being
- Regional initiatives
- Performance, innovation and ethics
Environmental Achievements
- In 2019, LNA Santé received an ESG Gaia rating of 67/100, higher than the benchmark (51/100).
Social Achievements
- 95.2% of staff vaccinated against COVID-19 as of September 15, 2021. Booster vaccine campaign underway.
- Focus on staff well-being and regional initiatives as part of the 'Growing Together 2022' project.
- Contribution to Jeandel/Guérin report on nursing homes/long-term care centers (LTCC).
- Participation in CNSA working group on the nursing home of the future.
- Invited to Ségur conference as an HC representative.
Governance Achievements
- Stable, entrepreneurial family governance with 63.7% shareholder pact.
- Bank and bond funding tied to CSR performance indicators.
Climate Goals & Targets
Medium-term Goals:
- Transform the stock of beds to prepare for “full operation” by 2026 (+1,900 beds fully operating vs. 2021; +750 beds from extension projects).
- A target number of 10,500 beds (+2,650 beds).
Short-term Goals:
- Boost occupancy at ten nursing homes with lagging occupancy.
- Consolidate organic growth at 6.0% on a yearly basis.
- Achieve 2021 Operating Revenue of €625 million (+20%).
Environmental Challenges
- Support the growth strategy and cover the needs of the Business Plan.
- Refinance the late-2020 acquisition of Clinique Développement and 2022 bond maturity.
- Secure liquidity and extend debt maturity.
- Occupancy at nursing homes behind budget by 3.5 points (-175 residents).
- Behind on number of stays in POR/PSY due to cancellations (-325 patients).
Mitigation Strategies
- €340 million syndicated loan (with 12 banks) including a €75 million term loan.
- €90 million 7- and 8-year term Euro PP bond issuance.
- Capacity to extend the marketable real estate securities program by €40 million.
- Real estate transformation projects (renovation and expansion of various facilities).
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: ESG Gaia
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Quality of Life and Working Conditions
- Carbon Footprint Reduction
- Patient and Resident Care
- Social Responsibility
- Environmental Sustainability
Environmental Achievements
- Establishment of a Low Carbon COPIL focusing on 5 key emission areas (food, energy, purchasing, property, travel). Completion of a second carbon assessment.
- Aiming to cut emissions by 5% per FTE by 2024 and by 25% between 2022 and 2027.
Social Achievements
- Co-construction and signature of a new 4-year agreement on "quality of life and working conditions", job management, career paths, and diversity.
- Introduction of a single management and non-management mutual insurance scheme to support recruitment.
- 2023 employee satisfaction survey: score of 4.4/5.0 on pride in one's job and 3.8/5.0 on pride in working at LNA Santé.
- Deployment of the "ESPRIT" approach focusing on values, questioning, and collective action.
Governance Achievements
- Adoption of the company's mission statement status at the Annual General Meeting.
- 2,150 employees hold 10% of the capital.
- Stable, independent governance.
Climate Goals & Targets
Medium-term Goals:
- Cut emissions by 25% between 2022 and 2027.
Short-term Goals:
- Reduce emissions by 5% per FTE by 2024.
Environmental Challenges
- Difficult environment for the sector due to business and regulatory challenges, staffing pressures, and inflation.
- Underfunded tariffs in the French healthcare sector.
- Reduction in state aid in the French healthcare sector.
- Sharp rise in money market rates.
Mitigation Strategies
- "Growing Together 3" project guides actions and decisions.
- Debt reduction efforts.
- Effective hedging instruments and diversification of financial structure.
- Control of rents.