PARIS--(BUSINESS WIRE)--Regulatory News:
Gecina (Paris:GFC) has set up a €100m sustainable improvement loan with Crédit Agricole Corporate & Investment Bank (CACIB), with a maturity of 7.5 years (January 2026) and financial conditions that will notably be indexed against the Group’s corporate social responsibility (CSR) performance.
This performance will be measured with three criteria checked each year:
- Global Real Estate Sustainability Benchmark (GRESB) rating, based on the Group maintaining its position as a sector leader
- Energy transition and carbon footprint, based on the achievement of targets to reduce greenhouse gas emissions across its portfolio in line with its latest “2020 Targets” plan
- Workplace wellness and occupant productivity, based on the achievement of scoring targets for the Group’s portfolio from the “2020 Targets” plan
With this new sustainability performance-linked loan, the second put in place by the Group, Gecina is once again demonstrating its dynamic CSR policy by linking its objectives for societal and environmental improvements with its financial goals.
Gecina has a GRESB score of 93/100, the fourth highest rating for an office real estate company worldwide (panel of 174 companies) and the highest in Europe.
Gecina, living the city in a different way
Gecina owns, manages and develops property holdings worth 19.6 billion euros at end-2017, with nearly 93% located in the Paris Region. The Group is building its business around France’s leading office portfolio and a diversification division with residential assets and student residences. Gecina has put sustainable innovation at the heart of its strategy to create value, anticipate its customers’ expectations and invest while respecting the environment, thanks to the dedication and expertise of its staff.
Gecina is a French real estate investment trust (SIIC) listed on Euronext Paris, and is part of the SBF 120, CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good, DJSI Europe and World, Stoxx Global ESG Leaders and Vigeo indices. In line with its community commitments, Gecina has created a company foundation, which is focused on protecting the environment and supporting all forms of disability.