Our sustainability strategy

An integrated approach which takes into account its stakeholders’ needs

As far back as 2010, we decided to embark on a structured sustainability process. We are convinced that adopting sustainability criteria is the only way in which to pursue long-lasting growth in the retail real estate sector and we are aware that social and environmental responsibility has become an increasingly important requisite with our stakeholders.

IGD’s sustainability strategy has been an integral part of corporate business planning since the 2014-20016 Business Plan. With the new 2022-2024 Business Plan, approved by the Board of Directors on 14th December 2021, sustainability planning has been included in the operational fields of activities.

As of 2017 IGD’s sustainability strategy is summarized in «Becoming G.r.e.a.t.», which testifies to the company’s commitment to sustainable growth which focuses on environmental issues (Green), on people (Responsible), on being ethical (Ethical), in attractive places (Attractive), together with its stakeholders (Together).

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

the material issues;
the sustainability targets;
the risks and related policies/actions

immagine analisi di materialità sostenibilità

Materiality analysis

This analysis had been carried out for the first time in 2017 and then updated in 2022 in line with the new GRI Standards. According to the new Standards, the issues defined as being material are those that reflect the most significant impacts of the organisation on the economy, environment and people.

The analysis led to 10 issues being identified, which represent IGD’s priority areas of action on sustainability issues.

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Our sustainability targets

The sustainability targets set for the future represent one of the fundamental elements to make our “Becoming GREAT” sustainability strategy effectively operational.

2021 was the year in which we planned our future committments, with the definition of our new 2022-2024 Business Plan. We introduced a serie of targets – 41 – up to 2024, for each of the priorities identified (Green, Responsible, Ethical, Attractive, Together). Furthermore, for the first time, we set long-term ambitions up to 2030.

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Sustainability risks and the policies related to them

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.

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Dialogue with our stakeholders

Stakeholder engagement is an important part of our way of doing business. Over the years this continuous dialogue has enabled us to assess our strong points and any critical aspects and to carry out any suitable corrective actions, both at corporate level and in the management of each individual shopping centre.

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Sustainability governance

Three corporate bodies are involved in IGD’s social responsibility:

The Sustainability Committee: formulates proposals regarding CSR strategies and the operational application of these.
The Operating management: defines the CSR strategies and recommends the guidelines.
The Board of Directors: is the promoter of IGD’s commitment to CSR, it approves the CSR strategy and the Sustainability report, annually evaluating IGD’s environmental performances.

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Our sustainability strategy

An integrated approach which takes into account its stakeholders’ needs

Materiality analysis

Our sustainability targets

Sustainability risks and the policies related to them

Dialogue with our stakeholders

Sustainability governance

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