Potential offtaker

Covivio

Estimated electricity consumption

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Countries of production presence

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Covivio is a French-based company that operates in the multi-asset class REIT sector. The company has a strong focus on sustainability and has made significant strides in decarbonisation and renewable energy. Covivio is committed to reducing its carbon footprint and has implemented a range of initiatives to achieve this goal.

One of the key areas of focus for Covivio is corporate energy. The company has implemented a number of measures to reduce its energy consumption, including the installation of energy-efficient lighting and HVAC systems in its buildings. Covivio has also implemented a range of energy management systems to monitor and control energy usage.

In addition to reducing its energy consumption, Covivio is also committed to sourcing renewable energy. The company has invested in a number of renewable energy projects, including wind and solar farms. Covivio has also implemented a corporate PPA (Power Purchase Agreement) to ensure that a significant portion of its energy is sourced from renewable sources.

Covivio's commitment to sustainability extends beyond its own operations. The company is also working with its tenants to encourage them to adopt more sustainable practices. Covivio provides its tenants with guidance on energy-efficient practices and offers incentives for those who adopt sustainable practices.

Decarbonisation is a key focus for Covivio, and the company has set ambitious targets to reduce its carbon footprint. Covivio has committed to reducing its carbon emissions by 50% by 2030 and achieving carbon neutrality by 2050. The company is implementing a range of measures to achieve these targets, including the use of renewable energy, energy-efficient buildings, and sustainable practices.

Covivio's commitment to sustainability has been recognised by a number of organisations. The company has been awarded a number of sustainability certifications, including the BREEAM (Building Research Establishment Environmental Assessment Method) certification. Covivio has also been recognised for its sustainability reporting, receiving the EPRA (European Public Real Estate Association) Gold Award for Sustainability Reporting.

In addition to its sustainability initiatives, Covivio is also focused on delivering value to its shareholders. The company has a diversified portfolio of assets, including office buildings, hotels, and residential properties. Covivio has a strong track record of delivering consistent returns to its shareholders, and the company is committed to continuing this trend.

Covivio's focus on sustainability and commitment to delivering value to its shareholders make it a unique company in the multi-asset class REIT sector. The company's strong track record and ambitious targets for decarbonisation and renewable energy make it an attractive investment opportunity for those looking to invest in sustainable real estate.

✓ Science Based Targets member
✓ Declared Net Zero commitment