GECINA - REFERENCE DOCUMENT 2017

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FROM CORPORATE RESPONSIBILITY TO SUSTAINABLE PERFORMANCE Priority 3: reduce environmental footprint by a resource-efficient and carbon-neutral real estate

Actions and results

7.5.1.2

Theme

Key actions

Progress and results

Building design and investments

Calculate the development project's ■ carbon footprint Incorporation into specifications of carbon ■ content requirements in the selection of products Adaptation of building designs to favor ■ denser occupancy Incorporate renewable energy generation ■ into projects Anticipate connection to urban heating or ■ cooling networks for new developments and study this possibility for assets in operation Study the carbon footprint of acquisitions ■ which will not be rebuilt in the short term Modification of power modes and ■ optimization of equipment Use of incentive-based contracts with ■ suppliers (FM) Installation of renewable energy production ■ Deployment of green energy supply ■ contracts Pooling of spaces (inter-company ■ cafeterias, Meeting rooms and parking lots)

Finalized methodology, calculations carried ■ out for assets delivered and in progress for assets whose design has been finalized As regards Building 7 Madrid: Choice of ■ Métisse ® insulation (5.5 kg of CO 2 for 1 sq.m. of insulation), savings in finishing materials (no false ceilings) and selection of a wood (versus concrete) extension model Update of standards in the performance ■ specifications 8 projects in development incorporate ■ photovoltaic panels or geothermal energy (equivalent to 380 kW of installed power) Sky 56 connection planned to urban ■ networks (heating/cooling) in the city of Lyon CSR scoring of the asset in question ■ CPCU connection for the Lourmel ■ residence (361 t of CO 2 avoided) 87% of residences with performance ■ incentives have generated benefits (500 t of CO 2 avoided) Conduct a feasibility study portfolio-wide ■ 2,834 tCO 2 avoided by using green ■ electricity contracts with guaranteed renewable sources Completion of the methodology for ■ accounting emissions avoided by deploying shared Op'n Go parking lots Analyze key account clients, organize the ■ Meeting process and future planning

Operation of buildings

Creation of GHG emissions reduction plans ■ Raise tenant awareness about reducing the ■ carbon footprint related to their specific uses

Specific tenant uses, their travel, and service providers

Focus on carbon offsetting and internal price Alongside the gradual reduction in building-related GHG emissions from operational office properties, Gecina calculates emissions avoided through the use of green electricity supply contracts, the generation of renewable energy fed back into the grid, and the optimized use of spaces. The residual emissions resulting from the differences between these GHG emissions are offset each year to neutralize the impact of Gecina’s activities on global warming. The residual emissions are recorded in a carbon offset budget with an internal carbon price set at €25/t. It is used to buy certified carbon credits covering the residual emissions and to finance other low-carbon projects as well (a dedicated fund is being set up). In order to ensure it is funding projects having a positive environmental and social

impact, Gecina has signed a contract with the specialist consultancy firm EcoAct to obtain advice on selecting projects and purchasing credits. Gecina is financing a Since the expense for the offset budget is recognized on the balance sheet of each building, it constitutes an added incentive for reducing the carbon footprint. For each renovation project, Gecina compares the GHG emissions generated by the works (demolition, materials and technical solutions used, transportation and other impacts related to the construction phase) to the emissions avoided over the life of the renovation project. If the neutrality of the operation is not guaranteed by the choice of processes and products, the offset fund is financed by the difference. project to preserve the Peruvian forest.

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