A long term view, in keeping with our roots
Our culture is rooted in the world of cooperative organizations and we continue to be inspired by the idea of a sustainable, balanced business model focused on the long term. We purchase, develop and manage properties in order to enhance their value over time.
Over the last few years we have reinforced and fine-tuned the work done on sustainability:
- in 2017 we conducted our second materiality analysis (the first one was in 2014), identifying the strategic themes of sustainability;
- sustainability was included in the Business Plan 2015-2018 as one of the four cornerstones that are strategic to our business;
- in the Strategic Plan 2019-2021 sustainability was considered key to every aspect of the planning process.
Economic and financial sustainability
Financial solidity is one of our group’s characteristics.
- Despite the recessionary environment in Italy, we always closed each year in the black and paid dividends.
- We delivered on our business plan targets on time.
- In April 2019, we received the “investment grade” (BBB-) rating with a stable outlook from S&P Global Ratings; the rating was then reconfirmed in August.
- Keeping the cost of debt in a range between 2.4% and 2.7%, consistent with financial-economic conditions, is key to our financial strategy.
We intend to be an active part of the communities in which we are present. This is also why our shopping centers are “Spaces to be lived in”: we are committed to meeting the needs of the local community, developing employment, providing services, striving to find ways to bring people together and respond to future needs. We promote and organize a number of commercial, recreational-sporting events, as well as regional and socially minded initiatives.
We have established a dialogue with our stakeholders: periodically we organize surveys in order to understand the level of satisfaction and expectations of our consumers, retailers, and employees.
The IGD Group aims to improve its environmental performance by, more specifically, reducing the consumption and minimizing the environmental impact of our structures including as a result of restyling. Beginning in March 2013 we began working on the UNI EN ISO 14001 certification of our shopping centers: today, 17 of our shopping centers are certified, and our goal is to have 90% of our portfolio certified by 2019
Sustainable properties cost less to run and are more attractive to customers and retailers
We are aware that the environmental impact mainly comes from the activities carried out inside a shopping center, and therefore we strive to increase our customers’ and, above all, retailers’ awareness of these topics.