CPI Property Group
(société anonyme)
40, rue de la Vallée
L-2661 Luxembourg
R.C.S. Luxembourg: B 102 254
Press Release – Corporate News
Luxembourg, 14 April 2025
CPI PROPERTY GROUP publishes our sustainability statement for 2024
CPI Property Group S.A. (“CPIPG” or the “Group”), a leading European landlord, hereby publishes our sustainability statement, including EU Taxonomy, for the year ended 31 December 2024.
CPIPG continuously strives for improvements in our ESG reporting, and for the first time, we are pleased that our report has been substantially enhanced to meet the requirements of the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS). This sustainability statement is also covered by limited assurance from Ernst & Young. In 2024, we improved our CDP score to ‘A’ in Climate Change, which is the highest score awarded to corporations exemplifying “Leadership” in implementing current best practices and being open about our wide environmental efforts.
The Group set an ESG strategy with 16 clear goals – 6 Environmental, 5 Social and 5 Governance. During the year 2024, we conducted a double materiality assessment aimed at identifying impact of the Group’s activities on the environment and society, as well as the associated sustainability risks and opportunities. The results of the assessment further reinforce our set targets are in the right areas of focus.
On the Environmental part, the Group’s focus is mainly on greenhouse gas emissions intensity reduction. Our commitment is to reduce the intensity by 32.4% per m² of property portfolio by 2030 compared with the 2019 baseline across all emissions Scopes 1-3. This target was validated by the Science-Based Target initiative (SBTi) back in July 2022. The total GHG intensity across the property portfolio outperformed the required 2024 target by 29.6%. Other environmental targets, such as water intensity reduction and increased waste recycling rates, were also met and improved upon.
On the Social front, the Group focuses on targets such as increasing the share of certified buildings, and green lease agreements being offered for all new commercial leases and renewals. In 2024, 39% of our portfolio in terms of GLA, and 47.7 % in terms of value was certified green. More than 95% of CPIPG´s green buildings received a very strong certification which means BREEAM Very good and above and LEED Gold and above. Additionally, the Group is dedicated to creating a thriving environment for our employees. In 2024, women represented 35% of top management positions, exceeding our goal of at least 33% of females in management positions. Furthermore, employees received 25 hours of training and education on average, significantly exceeding the goal of a minimum of 8 hours annually.
On the Governance side, CPIPG emphasises its target through our business conduct set by rules, policies and procedures. The Group engaged White & Case to conduct a fresh review of our compliance, governance, related party transactions and other policies. Enhancements to governance were also suggested by White & Case and have been adopted by the Group. In addition, the Board of Directors welcomed Mirela Covașă in December last year as our fourth independent board member, bringing the Group’s board to 50% independent.
The Sustainability Statement 2024 is available on our website:
http://www.cpipg.com/reports-presentations-en
CPIPG is also pleased to announce our financial calendar as follows:
29 May 2025 (Thursday) Annual General Meeting.
30 May 2025 (Friday) 2025 Q1 Financial Information
29 August 2025 (Friday) 2025 Half Year Report
28 November 2025 (Friday) 2025 Q3 Financial Information
30 March 2026 (Monday) 2025 Annual Report
For further information, please contact:
Investor Relations
Moritz Mayer
Manager, Capital Markets
m.mayer@cpipg.com
For more on CPI Property Group, visit our website: www.cpipg.com
Follow us on X (CPIPG_SA) and LinkedIn
Disclaimer
This communication contains certain forward-looking statements with respect to the financial condition, results of operations and business of CPIPG. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “plans”, “projects”, “anticipates”, “expects”, “intends”, “targets”, “may”, “aims”, “likely”, “would”, “could”, “can have”, “will” or “should” or, in each case, their negative or other variations or comparable terminology. Forward-looking statements may and often do differ materially from actual results. CPIPG’s business is subject to a number of risks and uncertainties that could also cause a forward-looking statement, estimate or prediction to differ materially from those expressed or implied by the forward-looking statements contained in this communication. The information, opinions and forward-looking statements contained in this communication speak only as at its date and are subject to change without notice. As a result, undue influence should not be placed on any forward-looking statement.
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