On 25 September 2015, the United Nations approved the Agenda 2030 for sustainable development, with its 17 Sustainable
Development Goals (SDGs), structured in 169 targets to be achieved by 2030. This was a historic event because:
• a clear vision of the unsustainability within the current development model was stated, not only at the environmental level, but also in economic and social terms;
• all States are called upon to contribute to the effort to move the world onto a sustainable path, by defining their own development strategy enabling the achievement of the SDGs, and reporting the results obtained within a process coordinated by the UN;
• the Agenda’s implementation requires the strong engagement of all members of society, from enterprises to the public sector, from civil society to charitable institutions, and from universities and research centres to the media and cultural organisations.
Through COIMA Roots, a holistic vision for responsible investment and real estate development and management, COIMA takes a strategic approach to sustainability criteria by including it in its investment strategy. COIMA aims to create high quality property assets with sustainable long-term value growth.
COIMA focuses on careful planning during portfolio acquisition and management. Property or portfolio redevelopment or optimisation works are assessed in detail, from the due diligence phase prior to the acquisition. Multiple scenarios, ranging from mere optimisation to complete redevelopment, are analysed at this stage.
The assessed scenarios include environmental, technical and economic analysis to identify key value enhancement and risk mitigation aspects. The approach of the COIMA platform, in line with international best practice, is pioneering the Italian market and has helped strengthen industry players’ attention towards a building’s environmental performances, its energy management and the integration of the circular economy principles in the real estate sector.
COIMA Roots: a holistic vision
COIMA Roots incorporates the Sustainable Development Goals (SDGs) promoted by the United Nations, to which COIMA has decided to contribute (to 8 of the 17 SDGs in particular) by launching programmes, with a particular focus on people and the management of natural resources.
Through this approach, COIMA aims to demonstrate its responsibility to its stakeholders. Each of the model’s eight “roots” identifies an area of action and the improvements which can be achieved on the most relevant ESG aspects.
COIMA Roots is supervised by the Sustainable Innovation Committee with the aim of ensuring that every investment in every regeneration or development project, and in all property operations and management phases, is always coherent with the strategic vision.