GECINA - REFERENCE DOCUMENT 2017

07

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

AVERAGE GHG EMISSIONS OF THE OFFICES (ALL USES PUT TOGETHER AND AT A CONSTANT CLIMATE BASED ON 2008) R

Climate labels for commercial assets benefit from a predominantly electrical energy mix, with low carbon emissions. The proportion of buildings below 22 kgCO 2 /m2 represents 80% of commercial space in the property portfolio, 7% more than in 2016. The improvement per the labels since 2008 is attributable to an increase in the use of low-carbon energy, such as such as electricity, and of urban heating and cooling networks with low CO 2 emissions (19 buildings connected to the CPCU network and 13 buildings connected to the Climespace network). The total amount of GHG all uses combined totaled 15,725 tCO 2 . The use of green energy supply contracts avoided the emission of 2,834 tCO 2 by the offices portfolio in 2017. In order to neutralize the impact of its office portfolio, Gecina offsets the residual GHG emissions due to the building operations (scope 1, 2 and 3 excluding transportation of the tenant’s employees and goods and services purchased). For 2017, the total carbon emissions offset amounts to 13,179 tCO 2 including GHG emissions from employee travel. With the enforcement of the internal carbon price set by Gecina (€25 per ton), the carbon compensation fund received 322,275 and the equivalent carbon credit certified will be obtained in 2018. Carbon footprint of the residential 7.5.1.3.3 portfolio in operation

34.9

24

22

22

0%

-31%

-36%

-35%

2008

2016

2017

2020 Target

2020 target set for the entire scope (Gecina and Eurosic assets) Performance (kg CO 2 /sq.m/year) Change since 2008

With respect to the property portfolio controlled by Gecina (61% of assets and 59% of office space), the reduction was nearly 25% compared to 2016.

Reminder of the 2020 target: Residential portfolio ■

without

usage:

/sq.m/year, i.e. -38% compared to 2008

27 kgCO 2

2008-2017 BREAKDOWN BY CLIMATE LABEL – OFFICES IN OPERATION (BY NUMBER OF ASSETS)

Residential assets with uses : 30kg/CO 2

/sq.m/year, -3%

■

compared to 2008

BREAKDOWN OF RESIDENTIAL PROPERTY’S GHG EMISSIONS BY SCOPE

34 %

48 %

43 %

Scope 3 4,885 t of CO 2

42 %

33 %

30 %

19 %

Scope 1 6,197 t of CO 2

11 %

10 % 0 %

0 % 0 %

4 % 2 %

2 % 0 %

0 % 0 %

0 % 0 %

A

B

E D C

F

G

H

I

Scope 2 3,599 t of CO 2 24 %

2008

2017

242 GECINA - REFERENCE DOCUMENT 2017

www.gecina.fr