Gecina SA

The Board of Directors ensures that the Group's strategy and objectives take full account of the major risks that are identified and regularly examines, in line with the strategy it has defined, opportunities and risks as well as the measures taken in response to these. It guarantees an effective global risk management and internal control system by ensuring that reliable procedures are in place for identifying, evaluating and controlling the Company's commitments and risks. The Board is assisted by its specialized committees: Audit and Risk Committee, CSR Committee, Compliance and Ethics Committee, and Strategic and Investment Committee. [...] Executive Management, either directly or through the Executive Committee, designs and implements the global risk management and internal control system, including the definition of roles and responsibilities within the Group. [...] Headed up by the Executive Director of Risk and Internal Audit, the Risk Department is responsible for risk management and internal control. It is responsible for implementing and ensuring the ongoing suitability of a structured internal control system that can identify and control risks. It is also responsible for independently and objectively assessing the effectiveness of this system by verifying that the Group's processes and procedures are implemented correctly and are suitable for hedging risks. [...] The Executive Director of Risk and Internal Audit reports regularly on his activities to the Audit and Risk Committee. It has regular direct contact with the Chairman of the Board of Directors."
"The CSR Committee of Gecina's Board of Directors strengthens CSR within its governance bodies and demonstrates its determination to continue to make CSR issues a central facet of its strategy and value creation model. This Committee meets three times a year and provides the Board of Directors with advice and recommendations on the Group's CSR ambitions and strategy, their consistency with stakeholder expectations and the monitoring of their implementation. It is also responsible for identifying emerging trends in CSR that could be followed by Gecina, depending on the issues specific to its activity and goals. It has also been involved in analyzing CSR risks and opportunities. [...] Two monthly committee meetings coordinate the roll-out of CSR actions within the Group. They include the Chief Executive Officer and the three Executive Directors of the operational departments: - the task force and energy sobriety committee, dedicated to the operational management of energy performance and feedback from the task forces; - the CSR performance Committee, dedicated to steering CSR performance as a whole. The decisions and guidelines of these two committees are implemented within the framework of other dedicated committees and meetings. For example, every week, instructions are given to the operators of heating and air conditioning equipment so that they can adjust the power of the equipment according to the weather forecast.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Gecina's communication at all levels are validated by a rigorous process. Multiple teams including the CSR department and the legal department are involved in the process to
guarantee the consistency with Gecina's legal obligations and climate change strategy. Necessary drivers include responsible communication (certification for buildings or
overall communication towards all stakeholders), change management (with employees), commitment of and towards customers, sustainable relations with suppliers and digital technology and connectivity.
Gecina is not engaging through direct lobbying actions on climate change issues but ensure its influence through several actions, all of which undergo the described process:
- Sensibilise stakeholders with communication on carbon reduction targets that are compliant with national and international reference including Paris objectives;
- Be part of the CSR commission at the FEI ( "Fédération des Entreprises Immobilières† "Federation of real estate and property development companies), where carbon care is one of the most active issues;
- Be an active representant in CSR committee of associations as BBCA, Construction 21, to carry Climate change message and verify that the discussions are consistent;
- Stay aware of any climate change communications through a global press review including regulation, industrials, association, NGO, unions…
- Consult experts to adjust Gecina strategy in light of constant changing environment of climate-related issues. For example the analysis of the results of the 2012-2016 plan, an assessment of best practices were reviewed with the vision of 19 experts representing Gecina's different stakeholders (including 15 external experts) at individual interviews and a group workshop held on December 7, 2016 in the presence of nine of them (including eight external experts). Following this first stage of work, the materiality matrix was updated, ranking twenty identified stakes into three categories: priorities, drivers and monitoring stakes.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Gecina's communication at all levels are validated by a rigorous process. Multiple teams including the CSR department and the legal department are involved in the process to guarantee the consistency with Gecina's legal obligations and climate change strategy. Necessary drivers include responsible communication (certification for buildings or overall communication towards all stakeholders), change management (with employees), commitment of and towards customers, sustainable relations with suppliers and digital technology and connectivity.