Transparency

A transparent business that is open, consistent and credible

At a building level Italian regulations require Energy Performance Certificates (ACEs) if a building is sold, constructed or rented. And in future, it will be unlawful for landlords to let space below a minimum ACE standard.

At the same time, we are increasingly seeing market demand for voluntary energy labels and our customers expect prime offices to be greencertified.

Investors are also becoming more alive to these issues. Many expect us to comply with voluntary non-financial reporting standards and participate in industry benchmarking exercises.

OUR APPROACH

We focus our efforts in three main areas:

2015 PERFORMANCE HIGHLIGHTS

TRANSPARENCY

Set target to increase our green-certified portfolio to 50% by 2020

Obtained 199 new EPCs - 90% of our portfolio now has an EPC

Received a Gold Award for exceptional compliance with the European Public Real Estate Association (EPRA) Sustainability Best Practice Recommendations (sBPR)

Green-certified 22% of Beni Stabili's entire portfolio by market value through BRaVe certification

Improved our CDP disclosure score from 25% to 87%