(AOF) – Gecina has been recognized for its leadership in terms of transparency and performance on climate change by the CDP Climate Change (Carbon Disclosure Project). The property company also progressed in the GRESB ranking with an overall score of 94/100 and saw its AAA rating renewed by the MSCI agency.
The publication of CDP Climate Change ratings thus includes Gecina in the restricted circle of companies having obtained an “A” rating in the climate change ranking. Only 283 companies out of more than 18,000 assessed benefit from this maximum rating. Gecina is thus one of the 24 French companies that feature in this annual list of CDP climate leaders.
This rating reflects the Group’s ambitions on CSR issues, and in particular the energy sobriety of restructuring, the implementation of the Carbon Net Zero Plan 2030 (CAN0P 2030) – aimed at a drastic reduction in energy consumption and emissions from the assets in operation by 2030 – and the decarbonization of its energy mix, which have particularly contributed to this result.
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A demand crisis
According to data from the Federation of Property Developers (FPI), the figures for the third quarter of 2022 continue to be alarming. Sales of new collective housing fell by 12.4% over one year, to 19,006 units. Over the first nine months of 2022, the decline reached 10.2%, to 72,670 units.
Reservations are also plummeting due to the collapse of bulk sales to social landlords and institutional investors. As interest rates rise, institutional investors renegotiate or halt operations. First-time buyers are penalized by the rise in rates and the tightening of the Pinel system puts off some private investors.
Due to the sharp rise in construction costs, the REIT estimates that one out of six authorized operations is ultimately not carried out for economic reasons.
Faced with this, prices are still rising: the sale prices of new collective housing increased by 5.9% throughout France in the third quarter of 2022. Ile-de-France is an exception, with a drop of 0, 9%.