To measure its CSR performance and guide its actions in this area, Gecina has rolled out a CSR reporting system since 2010 based around the most significant international and national frameworks for its industry. Based on a series of indicators monitored annually, Gecina’s CSR reporting system covers the 17 issues identified in the materiality matrix.
Verified each year by the statutory auditors and an independent third-party organization, these indicators help ensure transparency, reliability and comparability in terms of reporting elements for the various stakeholders. Alongside this, Gecina aims to innovate by working on specific performance indicators for certain material issues.
Gecina wanted to get its indicators verified as early as 2010, planning ahead for future obligations under the French Grenelle 2 Act. Since 2011, an independent third-party organization has confirmed the inclusion and accuracy of the various elements required by this law. Gecina regularly updates the level of verification for these indicators with a view to improving its processes and ensuring the reliability of the elements reported.
For its reporting system, Gecina works with five major reporting frameworks and standards: the GRI Standards, the French Grenelle 2 Act, the Global Compact, which the Group signed up to at the end of 2013 (Advanced level), the EPRA reporting framework and the Sustainable Development Goals. Gecina’s reporting is also in line with the France GBC’s recommendations. In addition, to strengthen the consideration for non-financial stakes in its business model and performance, Gecina is gradually translating the economic value of some of its environmental and social indicators, and conducting its processes with a logic of "integrated thinking" in line with the recommendations of the IIRC. Gecina is involved in other initiatives to strengthen the financialization of its reporting and includes specific indicators on topics slightly covered by these referencial, such as biodiversity, immaterial value or integration with surroundings area. Gecina has then been publishing each year, since 2013, an integrated annual report that presents the analysis of its business model with respect to social, societal and environmental issues and describes how its strategy, governance, performance and outlook create value.
The Global Reporting Initiative (GRI) is the world’s most widely used sustainability reporting framework. Gecina previously achieved the “core” level, which was further strengthened this year with more specific indicators, as well as additional issues from the Construction and Real Estate Sector Supplement. Gecina’s reporting has been prepared in accordance with the GRI Standards « Core » option.
As a listed company, Gecina meets all the obligations set out in Article 225 of the Grenelle 2 Act and, since 2012, it has published information on its environmental, social and societal approaches in relation to the 42 issues covered by this article.
By signing up to the Global Compact in 2013, Gecina set out its commitment to upholding the United Nations’ 10 principles, the most widely recognized benchmark globally, in addition to communicating on its actions and progress in relation to human rights, employment law, respect for the environment and tackling corruption.
In addition, Gecina works with the European Public Real Estate Association (EPRA) best practices recommendations on sustainability reporting.
The UN's 17 Sustainable Development Goals (SDGs) adopted in September 2015, constitute a voluntary program for global sustainable development by 2030, and concern global challenges. In accordance with the materiality analysis process and in line with its new CSR strategy for 2020 and 2030, Gecina has measured its actual or potential contribution SDGs and has identified four material ones for its activity.