GECINA - REFERENCE DOCUMENT 2017

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

Results and analysis of non-financial

7.2.2.2

category of European companies with less than 500 employees by the Responsible Capitalism Institute. The CSR Department is attached to the Department of R&D, Communication and CSR, in order to: facilitate the integration of CSR, make Gecina's ■ commitments a lever of exemplarity and strengthen the materialization of its impacts; reflect on, facilitate and structure the Gecina CSR ■ process to inscribe it in the core of its business; steer the implementation of the CSR process in Gecina’s ■ strategy, offer, process and tools by uniting all the company’s departments; nourish a productive dialogue with stakeholders. ■ The template for integration and animation of CSR in the organization was adapted to organizational changes that occurred in the year 2017 at the time of the joint venture with Eurosic. Gecina’s business lines (Offices Department, Investments and Development Department and Residential Department) include CSR action plans and objectives in their missions, objectives and organization: the Department of Investments and Development takes ■ into account the identified priority CSR issues in its analyses of acquisitions and in the design of restructuring projects (see 7.2.1 “Structure and key priorities of the CSR roadmap”). Its role is essential for the following: to guarantee the non-financial performance of ■ acquisitions intended for direct operation or potential for improvement when restructuring is targeted, to facilitate the overall progress of Gecina in regard to ■ certain issues (such as biodiversity or disabled accessibility) that cannot be improved within the restructuring; the Offices and Residential Departments placed ■ sustainable development at the heart of the operational management of the assets: in the Management function or the dialogue with the ■ tenant clients and environmental appendices facilitating the commitment of the latter, within the Technical cross-functional department, the ■ various employees carry out direct tasks on the CSR aspects of the asset (energy and greenhouse gases, water, certification, biodiversity, waste, etc.) in the diagnostic phases or when carrying out progress plans and steer deployment of the CSR mapping of the property portfolio, in the asset management process (analysis of the CSR ■ quality of assets in the asset reviews) and the creation of multi-year budgets. In addition, the CSR prerequisites were formalized in the management systems used during the construction and operation phases. The General Secretary, whose main mission is to give the company the human and technical resources to implement its strategy, takes into consideration the deployment of actions linked to change management leveraging and other identified issues such as diversity, quality of life at work, sponsorship or talent and skills management. This person co-steers the integration of the CSR criteria in the variable compensation mechanisms of employees.

rankings The non-financial rating agencies carried out detailed evaluation of the environmental, social, societal and governance performance of Gecina, and compared it to that of its peers, for investors. Gecina responded to them in a spirit of transparency, dialogue and anticipation of emerging issues and continuing improvement. Gecina improved its score in the following three classifications, identified as priorities in detailed review of their notoriety, their credibility, and the relevance of their questions with respect to the business sectors: Global Real Estate Sustainability Benchmark (GRESB): an ■ 18-points increase in its score to 75/100 due to improvement in environmental performance. Gecina took 1 st place among European office property companies and 4 th place worldwide; Dow Jones Sustainability Index (DJSI) by RobecoSAM: ■ Gecina took 2 nd place worldwide due to a 4-points increase in its score reaching 83/100, carried by a 7-points growth with respect to the environmental criteria; Carbon Disclosure Project (CDP), climate change ■ program: overall score of “A-” (against a sector average of “C” and an improvement over the “B+” awarded in 2016). Gecina maintains itself in the 10 stock indices calculated by the non-financial rating agencies in which it was present last year. The analysis of these evaluations shows that the improvement of its results on key indicators, the achievement of its targets and the deployment of innovative actions as part of the 2012-2016 plan were recognized by the evaluators, which placed Gecina among the best in the sector. Five main paths of improvement were identified: information on the rate of deployment of each of the ■ performance improvement actions on the buildings; valuation of environmental and societal externalities ■ created by Gecina’s business; transparency on the building materials used; ■ formalization of Gecina’s specific expertise and ■ quantification of return on investment related to actions for development of its areas of expertise; implementation of specific actions deployed in ■ partnership at the end of the 1 st phase of the responsible purchasing process. All the results can be accessed on the Gecina website: http://www.gecina.fr/en/csr/policy-and-performance.html.

7.2.3

CSR MANAGEMENT

CSR at the heart of the organization 7.2.3.1 As described in chapter 1 of this Reference Document, CSR is a key element of the company’s strategy. It is fully integrated in the processes and actions of the employees, as a vector of transformation whose impact on valuation is progressively materialized. Proof of its exemplarity in the matter, on October 10, 2017, Gecina was granted the Integrated Thinking award in the

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