Cegereal has an objective of reducing its portfolio greenhouse gas emissions by 54% between 2013 and 2030.
To this end, Cegereal has established an ambitious climate change policy to drive value creation based on three pillars and an associated risk management plan.
In 2016, Cegereal measured its greenhouse gas emissions across the entire scope of its reporting and corporate activity. Although initiatives to control emissions and involve stakeholders have been in place since 2013, Cegereal has implemented new measures such as auditing the carbon footprint of property assets (Bilan Carbone) and offsetting the Company’s emissions.
Properties carbon footprint audit
The carbon footprint of Cegeral portfolio has been audited and greenhouse gas emissions calculated for the following categories:
The results were as follows:
Offsetting CHG emissions
In line with the targets set in 2017, Cegereal has set up a fund to finance innovation in order to strengthen the dynamic and continuous improvement of ESG criteria and support internal innovation projects.
Managed by the CSR Committee, the fund is supplemented by an internal carbon tax of €20 per metric ton of CO2.
Involving stakeholders in GHG emission reduction
Since emissions from Cegereal’s indirect scope represent the highest proportion of total emissions linked to its operations, buy-in from Cegereal’s key stakeholders for its CSR strategy to reduce greenhouse gas emissions to a minimum is essential. They notably include all emissions linked to tenant travel and computer equipment.
Cegereal is in the process of defining a decarbonization program for its residual direct greenhouse gas emissions. It also supports the initiatives led by the GoodPlanet Foundation as part of a voluntary program set up in 2016 to offset emissions produced by its headquarters.
Cegereal’s stakeholder engagement is championed by the Group’s:
- Business travel is kept to a minimum depending on the importance of meetings.
- The Company’s headquarters are easy to reach by public transportation.
- Proximity to public transportation is a key criterion.
- All asset managers and property managers have a written obligation in their management mandates to contribute to the Company’s environmental policy and ESG performance plan.
Key service providers and suppliers
- 67% of service providers have a formal ESG policy.
- 60% of service providers have an environmental management system (EMS) or equivalent.
- 50% of service providers have completed a carbon assessment.