Why is IGD Green?

The shopping centres, by their very nature, have an impact on the environment, due to the large amount of energy they consume and to the road traffic they can create. For these reasons we are committed to operating in such a way as to reduce these impacts, by identifying actions that are increasingly effective both during the construction/restyling phase of the centres and in the management of the structures themselves. For us a “Green” Shopping Centre is green through and through. It is a concept that regards several aspects (ecoefficiency, waste sorting, materials), it concerns both the interior and exterior of the Malls, both the structural parts and how they are managed.

Material issues

  • Road to zero emissions
  • Zero waste
  • Accessibility and sustainable mobility

 

 Targets

UP TO 2025:

  • Purchase energy from renewable sources for 70% of the energy consumed
  • Increase the installed capacity of photovoltaic systems by 50% (baseline 2024)
  • Reduce GHG emission intensity location based by 40% (kwh/sqm, baseline 2018)
  • Reduce Scope 3 emissions by 20% (baseline 2021)
  •  Achieve certification of more than 95% of the Italian shopping centres (by fair value) with a minimum “Very Good” rating
  • Reach 200 electric car charging stations installed in the group’s portfolio

 

UP TO 2035:

  • Progressively operating with a view to decarbonising assets (scope 1 and 2)
  • Reduction in indirect emissions (scope 3)
  • 100% of assets in Italy BREEAM certified
  • Zero waste shopping centers
  • Further extend accessibility with EV cars in all freehold properties

 

click here to see the full set of our targets

Highlights as at 31 December 2024

€3.3 mn
invested to reduce environmental impact
-8.1%
Energy consumption 2024vs2023
6.3%
of the total energy consumed comes from photovoltaic system
134
EV charging stations installed

Road to zero emissions and Zero waste

Emissions and waste are material issues for IGD because the object of our business, shopping centers, are buildings that have an important impact on the environment around them. In 2024 the Group invested 3.3 million euros in activities to reduce environmental impact, of which approximately 75% in systems to improve the energy efficiency of the buildings.

More in detail IGD works on 6 aspects to improve the energy performance of its portfolio and to mitigate its environmental impact: photovoltaic, led lighting technology, increasingly more effective energy consumption monitoring systems, energy from renewable sources, management and environmental certifications (UNI EN ISO 14001 and BREEAM).

The path of restyling/remodeling our assets with a logic of sustainable enhancement has made our shopping centers increasingly resilient, also thanks to structural and managerial interventions aimed at reducing their environmental impact.

In the transition towards a low-carbon economy, in addition to structural interventions, we are engaged in a structured activity to raise awareness towards sustainability-oriented behaviors among visitors, suppliers, and tenants:

  • Visitors are informed through digital totems within the shopping centers or through posts on the centers’ social media pages.
  • We have engaged our suppliers to improve the environmental performance of individual shopping centers.
  • Tenants have also been made aware of sustainable management of their points of sale.

 

 

Results

  • Total energy consumption

In 2024, thanks to the significant energy improvement actions carried out on the assets (both structural and management), IGD’s energy consumption (which includes electricity consumption, district heating and cooling and fuels) in Italy and Romania recorded a decrease compared to 2023

 

Energy consumption Unit of measure 2024 2023 Difference 2024/2023
Italy – Abs kwh 51,922,504 57,328,214 -9.4%
Italy – Lfl kwh 51,836,119 51,346,473 1.0%
Romania kwh 18,584,318 19,406,561 -4.3%
Headquarters Office kwh 460,052 443,320 3.8%
Total IGD – Abs kwh 70,966,874 77,181,095 -8.1%
Total IGD – Lfl kwh 70,880,489 71,199,354 -0.4%
  • Energy Intensity Italy since 2018

Over the years, the energy intensity of IGD’s Italian portfolio has decreased, demonstrating our commitment to directing investments towards improving the energy efficiency of our facilities. The 2024 data shows a decrease compared to 2023 and 2022.

  • Greenhouse Gas Emissions – Scope 1 and 2

 

GHG Emissions (Ton Co2e) Location based 2024 2023 Difference 2024/2023
Italy total GHG emissions – Abs 17,962 15,291 17.5%
Italy total GHG emissions – Lfl 17,946 14,061 27.6%
Romania total GHG emissions – Abs and Lfl 3,650 4,837 -24.5%
Headquarters total GHG emissons – Abs and Lfl 111 89 23.6%
IGD Group Total Emissions – Abs 21,723 20,218 7.4%
IGD Group Total Emissions – Lfl 21,707 18,987 14.3%

 

 

 

  • Greenhouse Gas Emissions – Scope 3

We report on 10 out of the 15 categories defined by the GHG Protocol standard, the 5 categories that are not reported were considered as being not important or not applicable. The emissions regarding the categories identified represent alltogether 89% of corporate emissions.

In 2024 we reduced the quantity of estimated data, in particular by involving the tenants in the collection of data regarding their actual consumption.

 

GHG Emissions (Ton Co2e) 2024 2023 Difference 2024/2023
Italy indirect emissions (Scope 3) 48,407.6 47.813,6 1.2%
Romania indirect emissions (Scope 3) 7,191.7 7,510.1 -4.2%
IGD total Indirect GHG Emissions (Scope 3)  55,599.3 55,323.7 0.5%

 

Following the finetuning of the Scope 3 calculation carried out during the year, aimed at reducing the level of estimated data, the Company set a specific target to reduce Scope 3 emission in the new 2025-2027 Business Plan.

 

Environmental data 2024-2023 (16 KB – xlsx)

Accessibility and Sustainable mobility

We are committed to developing both easy access for vehicle traffic around shopping centers and new trends for sustainable mobility; to achieve this, we continuously work on expanding the range of services offered by our assets, focusing mainly on:

 

ELECTRIC CARS:

  • Altogether there are 134 EV charging stations installed in 19 Shopping Centers, representing 79% of the Italian portfolio. Our target is to install 66 moe EV charging stations by the end of the 2025-2027 Business Plan.

 

  E-BIKE:

  • 42% of the IGD Shopping Centers can be reached by cycle paths
  • 17 of our shopping centers are equipped with systems for charging electric bike batteries within the mall

 

PUBLIC TRANSPORT:

  • 80% of the Shopping Centers can be reached by public transport, with a public transport stop within 200 metres of their entrance