The COIMA Sustainability Report adopts the GRI Standards published by the Global Reporting Initiative, applied according to the "In accordance" level in order to report all the material impacts of COIMA on the environment, the economy and people and how they are managed.
The document details the progress and results achieved in 2022 and the goals we want to achieve in the near future to generate a positive impact for the community.
Before leaving you to the complete reading, we anticipate some points of particular attention that have marked a year of great results:
- The COIMA ESG City Impact Fund has surpassed €900 million in capital raising, making it a leading reference for urban regeneration projects in the country. The Fund has been recognized among the Global Sector Leaders for its high ESG performance by GRESB (Global Real Estate Sustainability Benchmark), the most reputable global sustainability rating system for real estate companies and funds.
- COIMA ESG City Impact Fund launch the first Impact study of the investments with the aim to publish in 2024 the report of the environmental and social target of the Funds.
- COIMA Opportunity Fund II achieved 1st place among the GRESB development peer groups in Europe for the Offices category, earning a 5-star rating (99/100 points). The Porta Nuova Garibaldi fund ranked 2nd among the Core Funds in Italy.
- 35% of the real estate GAV in funds is disclosed according to Article 8 of the SFDR (Sustainable Finance Disclosure Regulation), due to the promotion of environmental or social characteristics.
- Over 68% of the asset value of operational buildings is classified as "efficient" according to SFDR, and 90% of the remaining value is scheduled for refurbishment or building efficiency improvements activities.
- After achieving LEED & WELL for Community certification for Porta Nuova in 2022, COIMA continue to increase the certification boundaries including BREEAM in-use for the operational buildings achieving 6% of GAV certified in 2023.
- The reporting perimeter of Scope 3 emissions, related to the tenants of buildings managed by COIMA, has achieved 100% data coverage.
- COIMA completed its first Climate Change Vulnerability Assessment for the properties under management, outlining adaptation measures to integrate into development projects and existing assets.
Enjoy the reading!