Colonial has obtained for the second consecutive year the best rating in sustainability and ESG (Environmental, Social, Governance) in the Sustainalytics Index. The company remains at the top of the sector, with a rating of 5.7 points, placing it in the top 1.3% overall among the 15,104 companies evaluated.
Colonial's ESG rating has improved by 8% compared to last year, placing it among the 21 best companies in the world in terms of sustainability. Since 2019, the firm has achieved an improvement of more than 60%, going from 14.5 to the current 5.7 points.
Colonial not only leads the IBEX 35, but is also among the seven best real estate companies worldwide, standing out in the top 0.7% of the sector. In addition, the company has been awarded the ‘Most Improved ESG Program’ prize at the Iberian Equity Awards 2024, a prize awarded by 1,800 European analysts and institutional investors.
Colonial's focus on sustainability is also reflected in other evaluations, such as GRESB and CDP. In GRESB, the company has maintained its ‘5 Star Rating’ for five consecutive years, with outstanding scores in areas such as ‘Standing Investments Benchmark’ and ‘Development Benchmark Report’. In addition, Colonial has been ranked in the CDP Global Leadership Group, obtaining an A rating for the third consecutive year, standing out for its decarbonisation strategy.
Sustainability also extends to its assets, as in the case of Washington Plaza in Paris, which has received ActiveScore certification for its facilities geared towards sustainable mobility and tenant wellbeing, including one of the largest bicycle parking facilities in the city.
This commitment to sustainability has boosted Colonial's performance in the capital markets, as evidenced by its recent €500 million Green Bond issue, which was registered eight times, with demand reaching €4 billion.
According to Carlos Krohmer, Colonial's Director of Corporate Development, ‘the ratings and capital markets recognise Colonial as a global leader in sustainability, which allows us to maximise returns for our shareholders and positively impact the communities in which we operate’. Pere Viñolas, CEO of Colonial, added: ‘Our commitment to quality and sustainability has positioned us as one of the most sustainable real estate portfolios in Europe, with a firm commitment to contribute to carbon neutrality and maintain our leadership in sustainability’.
