Objectives work in progress

ESG Topic Objectives set
in 2017
Status Comment for the year 2018
E Responsible investments Conduct a risk analysis to identify social and environmental risks and value creation opportunities as part of the due diligence process for all acquisitions from 2018 In progress COIMA implemented a Sustainability Acquisition Checklist, performed during Due Diligences. The checklist aims to identify ESG risks and mitigation strategy
Establish the baseline year 2018 against which to set long-term environmental performance targets covering energy, GHG emissions, water and waste by 2020 for 2030 In progress The 2018 Environmental consumptions have been audited by a 3rd party consultant. The 2018 portfolio data will be used to establish the long-term environmental targets for 2030
E Certification of properties Obtain sustainability certification for 50% of the assets under direct management for at least 2 years, by 2020 In progress At December 31st, 2018, 54% of our portfolio is LEED certified (in particular the Vodafone complex and the Gioiaotto and Pavilion properties). We are also aiming to achieve LEED Gold certification for the Corso Como Place project, which would bring the total portion of the certified portfolio to 60%
Achieve certification to the Well Building Standard for one asset under management by 2020 In progress Corso Como Place, which is planned to completion by 2020 aims to achieve the WELL certification
Commit to procuring 100% renewable energy across our directly managed assets by 2020 In progress COIMA is reviewing the energy procurement with the market, to identify 100% renewable energy suppliers and commit for long terms contracts
S Stakeholder engagement Increase material dedicated to ESG performance into roadshows and conferences Completed Dedicated ESG performance disclosure during roadshows have been implemented. COIMA RES also participated to the "Sustainability Day" organized by Borsa Italiana with dedicated one to one meeting with investors
Develop a green procurement guide for property managers to promote more sustainable procurement practices across our supply chain by 2019 In progress COIMA is developing a Sustainability Policy which defines the ESG commitment for the business with also specific references to a Sustainable Procurement policy
ESG Topic Objectives set
in 2017
Status Comment for the year 2018
S Tenant satisfaction and quality services Increase questions relating to sustainability in our annual tenant satisfaction survey by 2018 (Kingsley Index) Completed Kingsley index includes specific questions related to sustainability
Develop an action plan for each asset under management in response to feedback from the annual tenant satisfaction survey by 2019 Completed The 2017 Kingsley survey has been analysed and aspects have been identified which require improvements. An action plan has been developed and specific meeting held with the tenants
Develop a Memorandum of Understanding containing green clauses for tenants by 2019 Completed A comprehensive review of the standard lease contract has been completed, capturing several updates. A much stronger focus on tenant engagement and ESG data sharing
G Transparency in governance Seek 3rd party verification of our environmental performance data by 2018 Completed The 2018 data will be audited by an independent 3rd party consultant
Maintain EPRA GOLD rating for the Annual and Sustainability report Completed COIMA RES has been awarded with GOLD rating for the 2017 report, the second consecutive year
G Economic performance Develop key performance indicators to track the economic value created from sustainability initiatives by 2019 In progress The 2018 data will be used as the base for a more comprehensive analysis that will be completed by 2019 - 2020
Publish a fully integrated report that provides an integrated account the value created from our economic, environmental and social performance by 2020 Completed COIMA RES, with this report issued an integrated report

Objectives for 2019

ESG Topic Objectives for 2019
E Responsible investments Set a long-tem environmental performance target covering energy, GHG emissions, water and waste by 2020 for 2030.
E Certification of properties Obtain sustainability certification for 50% of the assets under direct management for at least 2 years, by 2020
Achieve certification to the Well Building Standard for one asset under management by 2020
Commit to procuring 100% renewable energy across our directly managed assets by 2020
S Stakeholder engagement Develop a green procurement guide for property managers to promote more sustainable procurement practices across our supply chain by 2019
S Tenant satisfaction and quality services Develop, in partnership with the Pan European Think Tank a specific market survey on offices Tenant requirements, with particular focus on generational changes and future trends.
Continuously engage with existing and new tenants in response to feedback from the annual tenant satisfaction survey.
G Transparency in governance Maintain EPRA GOLD rating for the Annual Report
G Economic performance Develop key performance indicators to track the economic value created from sustainability initiatives by 2019