Corporate responsibility:
ESG

A fundamental element of the Colonial Group’s corporate strategy is its commitment to excellence and leadership in ESG, as it provides the foundation to ensure sustainable long-term returns for society — that is, for the Group’s shareholders and all stakeholders.

The Group Colonial understands the ESG framework and its corporate strategy as an integrated approach aimed at achieving the highest standards in each of the three dimensions:

• E for "Environmental", meaning the sustainable management of the entire real estate value chain.
• S for "Social", by enhancing contributions toward employees and society.
• G for "Governance", by committing to the highest standards of corporate governance and transparency.

We believe that this integrated approach enables the generation of long-term sustainable returns for both society at large and our shareholders.

Our ESG commitment is reflected in our ESG policy (also referred to as Corporate Social Responsibility, CSR, a term commonly used in markets and various forums), which applies to all our stakeholders. In particular, our ESG policy is structured around five key areas of action, allowing us to focus our efforts in a methodical and efficient way.

The Colonial Group aspires to clear leadership in ESG, which is a fundamental element in the Group’s strategy, prioritizing sustainable long-term returns based on a model where quality prevails. In this regard, the corporate strategy is centered on achieving the highest standards of excellence in governance, social responsibility, and sustainable investment.

The company has continued working on the implementation of a strategic decarbonization plan to meet increasingly ambitious targets, given the current relevance of sustainability issues.

This plan is based on Colonial’s Group commitment to achieving carbon neutrality across its entire office portfolio and to being fully aligned with the Paris Agreement, adopted in December 2015, by setting emission reduction targets aligned with the Science Based Targets Initiative (SBTi) and with the goal of limiting the global average temperature increase to below 1.5 ºC.

Colonial Group has developed a new climate strategy, which represents an expansion in the scope and ambition of the Group’s actions, thereby improving the company’s carbon strategy through a comprehensive approach and identifying specific actions across all categories.

This, in turn, enables the definition of specific targets for each of the sources of carbon emissions that make up the Group’s carbon footprint.

The framework of this new climate strategy is based on three main pillars:

1. Reducing the Group’s emissions across all categories, developing and identifying actions throughout the value chain and achieving maximum energy efficiency.
2. Avoiding third-party emissions (stakeholders, clients, etc.) by setting targets to encourage improvements and other necessary actions.
3. CO₂ removal from the atmosphere through the development of natural elements or processes that absorb and store carbon, thereby helping to mitigate climate change by removing carbon dioxide from the atmosphere.

Offer and create the best office product through active management of properties, aspiring to the highest standards of sustainability and efficiency.

Colonial is a property management company focusing on the prime sector of city assets. Its portfolio consists of 78 assets (23 in Barcelona, 38 in Madrid and 17 in Paris) and it has an EPRA occupancy rate of 95% at 31 December 2024. Our clients, with more than 100,000 users spread across the Group’s properties, enjoy the best buildings in the best locations in the city. 

Colonial’s decarbonisation strategy is focused on improving the eco-efficiency performance indicators and the carbon footprint and decarbonisation of its prime office portfolio in CBD locations, as well as on offering its clients a more environmentally and economically efficient office option.

 Environmental certifications
 

In France, all the Group’s buildings hold energy certificates and in Spain all buildings must have an energy rating in accordance with Royal Decree 390/2021. In this sense, all assets in operation on the Colonial Group’s office property portfolio hold energy efficiency certification.

The Colonial Group has implemented a system that allows it to manage the environmental aspects of its activity and the energy it consumes. It also guarantees continuous monitoring of the organisation’s energy uses and the direct and indirect factors that affect environmental management.

The system covers maintenance activities associated with proper technical operation of the building to ensure customer satisfaction and the comfort of the company’s employees at its corporate headquarters.

The benchmarks used for the implementation of the integrated environmental and energy management system are the international standards ISO 50001 and ISO 14001. These provide a suitable framework to develop its integrated environmental policy and organise both energy and environmental aspects (including analysis of the energy and environmental planning process, energy and environmental review, energy, environmental and legal aspects, objectives, targets and action plans, risks and opportunities).

The environmental management system is integrated into the Energy Management System in the Avenida Diagonal buildings, 532 in Barcelona as well as in the Paseo de la Castellana, 52 property in Madrid, and every three years renews its certification through the mandatory External Audit performed by a certification body of renowned prestige and accredited by the Entidad Nacional de Acreditación (ENAC).