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Name of the company
CPI PROPERTY GROUP
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Name of the president or managing director
Barbara Topolska, Country Manager
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The company ESG reporting mode (short description)
Our company reports ESG performance at the group level, based on objectives set in 2019. Third-party verification is conducted in partnership with CI3, a CDP reporting partner, who reviews and validates our GHG disclosures. The University Centre for Energy Efficient Buildings (UCEEB) at the Czech Technical University in Prague provides advisory services. Our GHG footprint has been verified according to ISO 14064 and GHG Protocol standards, earning CI2 conformity certification.
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Green certificates obtained for the investments developed or purchased by your company
At the end of 2023, 40.6% of portfolio by fair value was green-certified, with over 90% holding strong certifications. Portfolio included 122 certified assets with a total GLA of 2,318,699 m². BREEAM or LEED certification is considered for every new development, refurbishment, and operating assets.
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The company activities in environmental protection
CPIPG has strengthened its environmental targets for the future. In August 2022, the Group committed to reducing greenhouse gas (GHG) emissions intensity by 32.4% by 2030 across all scopes (1-3), an increase from the 20% target set in 2019 and 30% set in 2021. Additionally, the Group aims to transition all purchased electricity to 100% renewable sources by 2024. Emissions intensity is calculated as total GHG emissions (t CO2e) divided by the gross leasable area (GLA) of the property portfolio.
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The company activities in social responsibility
CPIPG is committed to social responsibility, focusing on inclusivity, diversity, and employee well-being. The Group increases its share of certified buildings (BREEAM, LEED, WELL, and others) and offers green lease agreements for all new commercial leases and renewals. A minimum of 33% of senior managers are women, and employees complete at least eight hours of training annually. Biennial employee satisfaction surveys are conducted to ensure a positive and engaging work environment.
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The company activities in the corporate governance issue
CPIPG maintains strong governance through a Code of Conduct, which all employees must agree to, with mandatory annual training on the Code and related policies. All new suppliers and renewals adhere to the Group's Code of Conduct for Suppliers. Executive Management remuneration is aligned with ESG criteria. The Group’s compliance and governance policies were reviewed by Dentons in 2019 and White & Case in 2023, ensuring adherence to the highest standards of corporate governance.
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Why does the company deserve the title of Real Estate Leader in the area of ESG practices
CPIPG deserves recognition for its outstanding ESG performance, demonstrated by its ambitious and continuously evolving environmental, social, and governance goals. Environmentally, the Group committed to reducing greenhouse gas emissions by 32.4% by 2030 and transitioning to 100% renewable electricity by 2024. Over 90% of its certified properties meet the highest standards, proving its dedication to sustainability.
Socially, CPIPG leads in inclusivity and employee engagement, with a minimum of 33% female senior managers, mandatory training for all employees, and regular satisfaction surveys. It offers green leases for all new and renewing commercial tenants, further driving sustainability in the market. In governance, CPIPG ensures that all employees and suppliers comply with a robust Code of Conduct, with executive remuneration aligned to ESG targets. Reviews by Dentons and White & Case confirm the Group’s high standards in compliance and governance. cpipg.com/en/sustainabiity |
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The company website
cpipg.com
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