The sustainability targets set for the future represent one of the fundamental elements to make our “Becoming GREAT” sustainability strategy effectively operational.
During 2024, following the appointment of the new Board of Directors, the new Business Plan 2025-2027 was drawn up.
The definition of new sustainability targets was carried out by taking into account factors that were both internal and external to the company. The internal ones included the strategic decision to identify sustainability as one of the Business Plan’s core drivers to which a substantial part of the overall investments was to be assigned; included in the external ones was the overall increase in focus that all the Company’s stakeholders placed on Sustainabilty issues.
We identified 30 new targets, which we intend to meet by the end of 2027. These targets are measurable and challenging, through which the continuous improvement process initiated in
2011 will continue.
| Issue | Material issue | Area | 2027 targets |
|---|---|---|---|
 | ROAD TO ZERO EMISSIONS | Towards carbon neutrality | 1. Purchase energy from renewable sources for 70% of the energy consumed (and 94% of the assets in Italy) |
| 2. Increase the installed capacity of photovoltaic systems by 50% | |||
| 3. Reduce greenhouse gas emission intensity location based by 40% (KgCO2e/sqm, baseline 2018) | |||
| Extreme weather events | 4. Identify any shopping centres of the Italian portfolio exposed to climate risk and define Action Plans for 100% of these | ||
| Zero waste | 5. Reach 60% of waste to recycling | ||
| Importance of water | 6. Map “water stressed” areas and identifying the most appropriate solutions for these assets | ||
| BREEAM In Use certification for common areas of the malls | 7. Achieve certification of more than 95% of the Italian shopping centres (by fair value) with a minimum “Very Good” rating | ||
| Use of Artificial Intelligence technologies to reduce energy consumption | 8. Installation of systems to monitor and reduce consumption in 16 shopping centres | ||
| Biodiversity | 9. Define a “Biodiversity Action Plan” for more than 33% of shopping centres (corresponding to 52% in Italy) | ||
| MOBILITY AND ACCESSIBILITY | Mobility | 10. Reach 200 electric car charging stations installed in the group's portfolio | |
 | GOOD EMPLOYMENT | Training | 11. Involve 100% of employees in at least one training activity each year |
| 12. Involve a minimum of 95% of employees in at least one sustainability training activity in the three-year period | |||
| Engagement | 13. Carry out a climate survey during the three-year period and define a possible improvement plan | ||
| Assessment | 14. Define a CSR target for top management and key related functions | ||
| Diversity & Inclusion | 15. Define the D&I policy and obtain specific certification | ||
| WELLBEING, HEALTH AND SAFETY | Towards employees | 16. Include at least one new service each year in the Corporate Welfare Plan for employees | |
 | GOVERNANCE, ETHICS AND CORRUPTION | Governance | 17. Complete the integration of ESG risks within Enterprise Risk Management |
| Actions to ensure legality | 18. Cybersecurity: publish the policy, constantly monitor incidents and keep response times short | ||
| 19. Ensure that the Responsible Tenancy Policy (once the necessary clauses have been defined) and Responsible Supply Chain Policy are signed by all tenants and suppliers upon contract renewal or new contract | |||
| 20. Maintain the Legality Rating with the maximum score | |||
| 21. Maintain UNI ISO 37001 certification | |||
| 22. Create an integrated certification system UNI ISO 14001-45001-9001 | |||
 | SUSTAINABLE ENHANCEMENT OF THE PORTFOLIO | Sustainable enhancement of the portfolio | 23. Carry out restyling/refurbishment activities in four shopping centres with energy efficiency improvements |
| SPACES TO BE LIVED IN | Marketing and events | 24. 100% of shopping centres with at least one annual initiative with a social or environmental theme | |
| INNOVATION | Digital | 25. Continue implementing the Digital Plan | |
 | STAKEHOLDERS ENGAGEMENT | Relations with investors/financial community | 26. Improve overall evaluations in sollicited CSR ratings |
| Relations with tenants | 27. Engage at least 50% of the tenants in sharing energy consumption data | ||
| 28. Identify common projects with tenants in the CSR field | |||
| 29. Carry out surveys for retailers to monitor the Net Promoter Score | |||
| LOCAL COMMUNITIES | Socio-aggregative aspect | 30. Involve at least one non-profit association in 100% of shopping centres | |
