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// ENVIRONMENTAL

We reduce the environmental footprint of our assets with actions that leverage

different factors across the overall real value chain

SELECTION OF INVESTMENTS

Before acquisition, each eligible asset undergoes a proprietary sustainable assessment model, called GREsa‚ measuring its sustainability performance. The results are taken into consideration in our decision-making process.

The GREsa model

The Generali Real Estate sustainable assessment model (GREsa) defines a set of ESG measurements on key categories (Energy, Water, Materials, Land Use & Ecology, Waste, Pollution, Transport, Health & Well-being and Management) that must be carried out on an asset during the Due Diligence process In order to define and classify its sustainabllity level according to our ESG rating system.

As of Year 2022, €22+ billion AuM of Generali Real Estate portfolio has been externally certified or assessed, based on the latest available version of the BREEAM In-Use standard.

RECURRING MANAGEMENT ACTIVITIES

We measure the energy consumption and greenhouse gas emissions through our data analytics system and use the data to plan maintenance actions and engage with tenants to steer their environmental impact.

Monitoring system

As part of its environmental policy, Generali Real Estate leverages an innovative software to undertake data collection and energy consumption optimization for property portfolios. Data are automatically collected and double checked against internal and external benchmarks, and the results are used to define and implement optimization strategies in conjunction with the tenant.

As of Year 2022, 2,000+ tenants are collaborating by granting Generali Real Estate access to their consumption data.

RE-POSITIONING AND EXTRAORDINARY MAINTENANCE

In line with the criteria required by the incoming EU taxonomy, we integrate responsible considerations into the design and specification of major refurbishments ensuring that the most appropriate level of technology and efficiency is achieved. This will mitigate climate risk through state-of-the-art upgrades and the refurbishment of assets.

Green CAPEX

Generali Real Estate executes annually >€300 million in green CAPEX (~€1 million per day) in line with the highest sustainability standards for development and refurbishment. This includes both the capital expenditure on materials in the initial build and the implementation of technology upgrades and building management systems optimization during the refurbishment and project management stages.

INVESTORS COMMITMENT: FOCUS ON CERTIFICATIONS

Generali Real Estate focuses on buying and/or developing certified buildings – including but not limited to BREEAM, LEED, HQE and DGNB - to increase the share of certified buildings in the portfolio.

All new investments must undergo a sustainability in house assessment, in order to ensure the acquisition of assets with high sustainability certifications, to increase the portfolio credentials through certification and/or assessment. For this purpose, it has been developed and implemented an own assessment tool, related to the BREEAM® In Use scheme. This provides the possibility to have a comprehensive view on ESG quality and shows a forecast on certification opportunities. The report is part of the decision-making memorandum for new acquisitions.

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OUR TOP ASSETS IN SUSTAINABILITY

HOW WE MAKE ENVIRONMENTAL MATTER

// ASSESSMENT

GREsa tool

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// ENERGY MONITORING

Data Analytics

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// BENCHMARK

Global Real Estate Sustainability Benchmark (GRESB)

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// DECARBONIZATION

NET-ZERO Asset Owner Alliance

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// GREEN BOND

Generali Green Bond

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WANT TO KNOW MORE?

Back to Overview

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// SOCIAL

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Tour Saint Gobain

// REFURBISHMENT PROJECTS

PARIS

100 Avenue des Champs Elysées

The 100 Avenue des Champs Elysées obtained the CircoLab - Pilot operation Label in February 2022.

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// GOVERNANCE

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PROCURATIE STORIES

A GENERALI GROUP COMPANY

VAT number 01333550323

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