IGD’s Chief Executive Officer, Claudio Albertini, takes a look at the results IGD achieved in the first six months of the year. An analysis of the results achieved in the first half of 2023 shows that progress was made in several areas: the very encouraging operating results reveal an increase in the core business EBITDA of 3.8% which reflects an improvement of 3.4% in net rental income.
Due to the heavy rain that struck the Emilia-Romagna region mid-May, 21 rivers overflowed and 37 municipalities were flooded. Extreme weather, and floods specifically, were risks that were clearly mapped and, therefore, monitored carefully as part of IGD’s Enterprise Risk Management system. That is why the shopping centers struck by the floods had safety measures and emergency plans in place which were implemented immediately making it possible to protect the health and safety of both shoppers and tenants, as well as limit damages to the properties which were, however, covered by insurance policies. We spoke with Roberto Zoia, IGD’s Director of Asset Management, Development and Network Management, about it.
IGD was included among Europe’s 500 Climate Leaders: a list compiled by Financial Times of the companies who reduced their GHG emissions the most in the period 2016-2021. ISS ESG also rated IGD’s sustainability policies and performance C+ with prime status: a result not solicited by IGD which will help to bring the Company to the attention of investors who focus their investments on securities with good ESG ratings. This recognition is attributable to the long journey begun by IGD more than ten years ago to act responsibly with respect to both its business and within the communities in which it operates, confirmed also by the new biodiversity projects undertaken.
The work focused on remodeling the spaces created by reducing the size of the hypermarket in order to increase the appeal of the shopping centers and enhance the merchandise mix continued.
We asked Laura Poggi, IGD’s Leasing, Marketing and CSR Director, a few questions in order to learn more about the work done and the results achieved specifically at La Torre, which today is more appealing thanks to the new positioning of the hypermarket (more convenience oriented), three medium-sized stores and the introduction of new brands and merchandise.