GECINA - REFERENCE DOCUMENT 2017

FROM CORPORATE RESPONSIBILITY TO SUSTAINABLE PERFORMANCE An integrated CSR roadmap supporting the strategy

(SBTi) (1) initiative. Gecina is thus the 1 st French property company and the 3 rd world-wide to have its goal recognized by the SBTi. As part of this new CSR roadmap, Gecina has analyzed the entirety of its new scope (residential and commercial integrating the Eurosic portfolio) and has identified the actions and budgets necessary to extend the objective of reducing greenhouse gas emissions from all uses combined by 60% in 2030 compared with 2008. This goal over this extended scope will be again submitted to the SBTi for recognition in the year 2018, thereby demonstrating Gecina’s commitment to climate change issues.

7.2.2

SUMMARY OF PERFORMANCE

Taking into account the impact of the long-term energy and carbon issues, Gecina anticipated updating its strategic thinking and put in place, starting in 2016, a climate roadmap setting the targets for the year 2030 (see 7.5.1 “Carbon footprint”). The major objective for reduction of greenhouse gas emissions of all uses combined, from 60% in 2030 compared to 2008 for the commercial properties, was viewed as compatible with the necessary trajectory to maintain the increase in the average level of planetary temperature at 2°C by the Science Based Targets

Performance indicators

7.2.2.1

Strategic priority 1: Generate productivity and well-being for our clients in adaptable buildings

GOAL: STRENGTHEN OCCUPANT WELL-BEING AND CONTRIBUTE TO THE CLIENT'S EMPLOYER BRAND Office Buildings that promote the productivity and well-being of the occupants more than a standard building on the market

Key 2017 achievements: reconciliation of the property portfolio diagnosis with the ■ methodology developed by the VIBEO working group; targeted investments to improve thermal comfort, ■ ventilation, air quality and lighting of our office buildings under operation. Main actions 2018-2020: promote the intangible value generated by increased ■ well-being and occupant productivity during the prospecting phase; adapt the approach and assessment to the residential ■ business.

63 %

71 %

81 %

75 %

2013

2016

2017

2020 Target

2020 Target set for the entire scope (Gecina and Eurosic assets)

GOAL: MAKE OUR BUILDINGS RESILIENT TO CLIMATE CHANGE AND ADAPTIVE TO CLIENT DEMANDS

07

Key 2017 achievements: mapping of Gecina commercial properties (excluding ■ Eurosic - 72 buildings) and identification of nine priority assets in terms of limiting climate risk; 20 adaptation solutions identified. ■ Main actions 2018-2020: extend the mapping to include commercial assets from ■ the Eurosic portfolio and residential assets; incorporate the adaptation measures into the priority ■ assets and the specifications of buildings under development;

FOCUS: methodology for risk analysis related to climate change, tracking 3 stages 5 major climate-related issues identified for the ■ geographical area after studying 3 scenarios to 2070 (floods and intense rains, heat waves, droughts, higher temperatures and storms); 6 aggravating background factors analyzed; ■ sensitivity assessments of the assets (by area and by ■ unit).

evaluate the cost associated with climate risks; ■ define guidelines for adapting to new uses. ■

The SBTI initiative was launched by the leading players to stimulate the competitive advantage of companies by making their economic models more (1) carbon efficient based on targets compatible with scientific scenarios.

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GECINA - REFERENCE DOCUMENT 2017