We are living an historic period characterized by unprecedented social, economic and technological structural transformation.
In 2018, we focused on developing our three year plan supporting the macroeconomic analysis with in-depth research on market demand and trends that are impacting real estate products. Our approach combines the industrial perspective with the financial perspective which drove the decision to invest in our platform, integrating new expertise in sustainability and technology in order to face the new challenges ahead
Year 2018 was a particularly meaningful year from a real estate investment standpoint, with a series of acquisitions of strategic properties such as the Valtellina area, a part of the urban regeneration plan for the Milan Railway Stations and the “Gioia 20” site representing a new piece that extends the Porta Nuova regeneration project, which in the future may be extended even further through additional acquisitions identified in the area.
The recognitions, which a number of our projects have achieved in the most important international competitions, including the awards achieved at MIPIM 2018 for “Best office & business development” for the headquarters of Fondazione Feltrinelli and Microsoft House in Milan and “Best urban regeneration project” for the Porta Nuova project, consolidate the reputation of COIMA’s team and encourage us to move forward on our pathway towards innovation and sustainability, which have always distinguished our development strategies.
It was a year marked by a number of fundamental steps from a governance standpoint for the sustainability of our platform: the consolidation of the Sustainable Innovation Committee, the approval of the new Sustainability Policy by COIMA SGR’s Board of Directors and the launch of a series of initiatives aimed to technological innovation and sustainability through the implementation of pilot projects.
Through the activities developed by the working groups of the Sustainable Innovation Committee and the Values Task Force, we do not merely carry out a formal act of Corporate Social Responsibility, but we consolidate a corporate culture in the work environment that we consider strategic for our company’s future, which aims to attract the best talents who believe in our moral values.
Through a holistic approach, the Sustainable Innovation Committee decided to develop an assessment matrix to improve reporting on our actions and performance to all of our stakeholders. We have developed the COIMA Roots, which will be described in this Sustainability Report. This model constitutes a precise method for measuring and monitoring over time how we optimize our work and our impacts on the environment and the community in which we operate. Today, our portfolio under management boasts 73% of certified and precertified buildings, demonstrating our willingness to continue on the journey toward sustainable development.
We have achieved a number of important milestones on the management of natural resources in our portfolio, such as promoting the use of renewable sources. In fact, new electricity supply agreements based on renewable sources have been negotiated and subscribed, achieving the considerable result of a portfolio that today achieves 86% of annual consumption provided by totally renewable energy.
The annual survey confirms the excellent results achieved in the Kingsley Index, confirming an above average level of satisfaction from our tenants with respect to the international market, substantially in line with the previous year.
Fondazione Riccardo Catella has maintained its commitment, with civic projects capable of improving the urban life of those who live and work in the city. For the first time, the Porta Nuova Smart Camp was launched, an initiative organized by the Foundation in collaboration with Dynamo Camp and L’abilità Onlus, sustained by COIMA, with the patronage of the Municipality of Milan and Fondazione Cariplo. This initiative consisted in the organization of educational and recreational summer activities, involving children between the ages of 6 and 12, some of whom have disabilities or suffer from serious and chronic illnesses. For the volunteers involved and for the kids who participated, it was a much appreciated and meaningful time of integration.
In 2018, COIMA completed the park known as “Biblioteca degli Alberi” in Porta Nuova on behalf of the Municipality of Milan, returning to the city’s residents an extensive green area. Now a new challenge awaits us, one that is unprecedented in Italy: the management and maintenance of this precious and important space serving the community that will be managed by the Foundation and in collaboration with all of the institutions, associations and companies that will decide to take part in this initiative with the aim of bringing innovation and wellness to the city of Milan.
Our company, founded in 1974, firmly believes that sustainable development can happen through qualified Italian companies that work, produce and dedicate financial, intellectual and human resources toward contributing to the economy and the attractiveness of our country. The Sustainability Report of COIMA SGR and COIMA Srl, drafted in accordance with the guidelines of the Global Reporting Initiative (GRI) and inspired by the framework of the International Integrated Reporting Council (IIRC), is, for us, a fundamental tool in order to document our results and, more importantly, to gather your feedback.