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Sustainability integrated into our business

Sustainable enterprises are those whose corporate strategies and policies include particular focus on the needs of all their stakeholders and which monitor and optimise their economic, social and environmental impact. Sustainability is part of the DNA of our Group, whose roots are embedded in the aspect of cooperation, and we are convinced that adopting social and environmental responsibility criteria in the real estate sector is the path to healthy and long- lasting growth, faraway from speculative factors. Over the years we have therefore built up a structured process which has enabled us to increasingly integrate sustainability into every aspect of our business.

For 10 years we have been working to make IGD increasingly sustainable from all points of view: economic, social and environmental.

For the future we have decided to commit ourselves publicly and actively contribute to a transition towards a “low carbon” economy in the cities where our shopping centers are located

key figures as at 31 december 2019

20
centers UNIENISO14001 certified
-7.1%
energy consumption 2019 vs 2018
716
events carried out in IGD centers
16,660
people employed in total in IGD centers

Our sustainability strategy

We are following a sustainable growth approach, where economic-financial aspects are increasingly integrated with social-environmental ones.

In 2017 the Company launched the “Becoming GREAT” strategy, which summaries the company’s committment to constantly grow with a view to being “Green, Responsible, Ethical, Attractive, Together”.

The strategy is made up of three elements which make it effectively operational:

  • the material issues: currently the issues are 12, defined with the materiality analysis carried out in 2017 and then reviewed in 2018 and 2019.
  • the sustainability targets: for each of the priorities identified (Green, Responsible, Ethical, Attractive, Together), a series of sustainability targets had been included in the 2019-2021 Strategic Plan, on which we have already started working. Furthermore in 2019, for the first time we set targets to 2030: we want to publicly commit ourselves and actively contribute to a transition towards a “low carbon” economy in the cities where our shopping centers are situated.
  • the risks and related policies/actions: the relative risks have been identified for each material issue and those risks correspond to policies and actions that the Company is carrying out or will carry out in the next few years.

Our process involves a structured engagement of our stakeholders. In particular, we carry out periodic surveys to understand the level of satisfaction of our visitors, of our retailers in our centres, and also of our employees by means of internal atmosphere assessments.

Three corporate bodies are involved in social responsibility:

  • The Board of Directors
  • The Operating Management (top management)
  • The Sustainability Committee (internal work group)

 

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Our priorities

We have established an operational process with continuous  consumption monitoring activities, structural actions for energy efficiency improvement and activities to raise awareness in our stakeholders, with the aim to improve environmental performance in our shopping centres.

MATERIAL ITEMS:

  • Climate change
  • Accessibility and mobility

 

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We continuously place more and more attention on the wellbeing and health, both of our employees and of those that visit our shopping centres on a daily basis.

MATERIAL ITEMS:

  • Good employment
  • Gender equality
  • Wellbeing and safety

 

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We undertake to comply with the highest ethical-social and governance standards, not only by complying with the laws in our daily business and promoting compliance with the law within our stakeholders, but also by adopting international best practices in our governance structure, communications and risk management system.

MATERIAL ITEM:

  • Governance, ethics and corruption

 

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Our approach aims to ensure our shopping centres are constantly attractive, as well as to confirm their social role and their function as a place in which to meet up and to spend some leisure time.

MATERIAL ITEMS:

  • Sustainable enhancement of the portfolio
  • Retail offer
  • Spaces to be lived in
  • Innovation

 

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 We continuously work together with a variety of stakeholders, our aim being to understand their needs and expectations.

MATERIAL ITEMS:

  • Stakeholder engagement
  • Local communities

 

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Certifications and recognitions

Our sustainability practices are becoming increasingly recognised at national and international level.

  • We are particularly proud to have received in 2019, for the fifth year running, the “EPRA sBPR Gold Award” for our sustainability report.
  • As at 31 December 2019, 20 of our shopping centres had obtained UNI EN ISO 14001 environmental certification, corresponding to 88% of m2 of the portfolio.
  • We obtained UNI ISO 37001 – Anti Bribery Management Systems Certification for our Romanian subsidiary Win Magazine SA. This is the only internationally recognized standard that certifies a management system actively involved in preventing and combatting corruption within the corporate environment
  • In 2019 Puntadiferro and Centro Esp shopping centers obtained BREEAM “protocol in use” certifcation, so currently 5 of our shopping centers has this environmental certification, which is one of the most important international standards with regard to the environmental sustainability of buildings and which focuses particularly on the overall improvement in the wellbeing of those that spend time there.
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Contacts

Francesco Soldi
Head of marketing and CSR