16 April 2015 12:50

Fifth Corporate Sustainability Report published

  • The structure and organization of the Report changed: focus on “material” topics and business plan integration;
  • GRI-G4 standards and EPRA’s Best Practices Recommendations adopted;
  • Further positive results achieved in terms of energy consumption: -6.2% against 2014;
  • Great attention paid to innovation in order to provide visitors with new shopping experiences.

IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. (“IGD” or the “Company”), a leading owner and manager of retail shopping centers in Italy and listed on the STAR segment of the Italian Stock Exchange, announces the publication of the 2014 Corporate Sustainability Report, the fifth edition, available on the Company’s website at: https://www.gruppoigd.it/Sostenibilita# (1)

This Report contains a description of all the topics that have a substantial impact on the business’s performance, as emerged during the materiality assessment that IGD carried out in 2014.

Broken down into five sub-topics, these are now the priority areas of action for IGD in terms of sustainability. The main results achieved relative to each topic in 2014 are summarized below:

1.  Business and operational integrity:

  • Increase in the opportunities for dialogue with both investors and lenders, especially in light of the extraordinary financial transactions completed by the company during the year, testimony to the importance given to transparency and accessible information.

2.  Quality and efficiency of the shopping centers:

  • Energy and water consumption decreased by 6.2% and 12.3%, respectively, thanks also to the structural changes made during the year, along with more efficient management. Overall these savings resulted in a drop of more than €800,000 in the expenses paid by shopping center retailers (-€3/m2).
  • 40% of the portfolio assets received ISO14001certification, in line with the roll out plan (90% of the structures certified in 2018)
  • Work on the project (begun with the “disability access audit” in 2013) to guarantee equal use of IGD’s shopping malls for all, independent of their physical ability, continued
  • 21 new brands were added to the shopping centers, equal to 4.1% of the total brands

3.  A changing environment:

  • A system of stakeholder engagement was structured and 5 new opportunities involving almost all stakeholders in business related topics, with a particular focus on social responsibility.
  • Specific initiatives were used to raise the awareness of all the stakeholders with regard to sustainability.

4.  The concept of “Spaces to be lived in”:

  • Events organized lasted longer than last year with greater visitor participation; 30% of these events had a local flavor
  • Focus on innovation in the management of spaces, merchandise mix and integrated communications

5.  People:

  • The high level of job stability confirmed: 94% of the employees have permanent positions
  • Training provided to all employees
  • A corporate welfare program begun

Gilberto Coffari, Chairman of IGD – Immobiliare Grande Distribuzione SIIQ S.p.A stated: “We are satisfied with the results achieved. The planning for 2015-2018 was also formulated in light of these results and clearly reflects where we want IGD to be in three years: increasingly more green, open to dialogue with all its stakeholders, on the cutting edge in terms of core business innovation, with shopping centers that are local points of reference for both shopping and leisure time”.

(1) English version available from 4 May 2015