This report shows public data only. Is this your organisation? If so, login here to view your full report.

CDC - Caisse des dépôts et consignations

PRI reporting framework 2018

Export Public Responses
Pdf-img

You are in Direct - Property » Overview

Overview

PR 01. Responsible Property Investment (RPI) policy

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if your organisation has a Responsible Property Investment (RPI) policy.

01.3. Provide a brief overview of your organisation’s approach to responsible investment in property, and how you link responsible investment in property to your business strategy.

Some RPI expectations included in umbrella RI Charter: 


* Acquisition of new assets
Caisse des Dépôts prioritises the acquisition of highly energy-efficient buildings that meet new
building and insulation standards and of high environmental quality.
A particular effort is made to acquire buildings that anticipate changes in the regulations, especially
in terms of greenhouse gas emissions.
The financial property investment team (75% of assets) also focuses on acquiring assets that are
well served by public transport, and where the rent is high enough to offset the costs of works aimed
at improving their energy efficiency.
* Portfolio management and monitoring
Presently the main challenge lies in the renovation of the current portfolio. These requirements are derived from the Grenelle Law, which set a target of reducing energy consumption by at least 38% by 2020. The financial proprty investment team (75% of assets) , with a view on anticipating regulatory changes, began a detailed energy audit of the wholly-owned properties in 2011. The aim of the audit is first to estimate the renovation works that will enable the Grenelle target to be achieved, and second to identify buildings that consume large amounts of energy, which could be sold. This assessment has enabled a long-term building retrofits programme (2020-2030) to be drawn up, depending on usage factors, on natural obsolescence and on energy-efficiency.
For all property portfolios, assets that can be funded through the Green Bond proceeds (1% of property AUM) must meet green bon framework requirement, notably a minimum level of environmental/energy labelling or certification (French thermal regulations, BREEAM, LEED, HQE...)

CDC is a majority shareowner of Icade, which has developped its RPI approach in close interaction
with CDC. Icade's RPI policy is documented in its reference document and sustainability report.
Hence investment in REITS are not included in PRI reporting on property portfolio.


Top