Sustainable Development

Altagreen, the progress-based approach launched in 2010 enables Altarea Cogedim Group to improve across all of its business lines, define its environmental and social issues and priorities, develop reliable measurement tools and introduce concrete action plans that work towards advancement.

In 2009, the Grenelle Environment Round Table defined the initial set of objectives in order to face the challenges of tomorrow. For Altarea Cogedim, the impact is two-fold:

• as a property developer, all new buildings must meet France’s 2012 thermal regulations (RT 2012), standardizing the energy performance of Low Energy Buildings (BB C®);
• as a property investor, energy consumption must be monitored and significantly improved for all existing property assets.

The Group’s solution was to create a department dedicated to setting out the Altarea Cogedim’s sustainable development approach in July 2009. Twelve working groups specialized in the various businesses and issues specific to the Company were set up to begin developing this approach: optimization of existing assets, renewable energy, offices and residential and retail properties with high environmental potential, technology watch, green leases, sponsorship, management of human capital, etc. All of these ideas and proposals helped lay the groundwork for the Group’s progress-based approach, Altagreen.