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Gecina is a leading real estate investment trust (REIT) in France that specializes in the office sector. The company was founded in 1959 and has since then grown to become one of the largest real estate companies in the country. Gecina's portfolio includes high-quality office buildings, residential properties, and student housing, with a total asset value of €19.6 billion as of December 31, 2020.

Gecina is committed to sustainability and has set ambitious decarbonization targets to reduce its carbon footprint. The company has pledged to achieve net-zero carbon emissions by 2050 and has developed a comprehensive decarbonization strategy to achieve this goal. Gecina's strategy includes a range of initiatives such as energy efficiency measures, renewable energy installations, and the use of low-carbon materials in construction.

One of the key initiatives in Gecina's decarbonization strategy is the implementation of corporate energy purchase agreements (PPAs). A corporate PPA is a long-term contract between a renewable energy producer and a corporate buyer, in which the buyer agrees to purchase a certain amount of renewable energy at a fixed price. Gecina has signed several corporate PPAs with renewable energy producers to secure a reliable and cost-effective source of renewable energy for its buildings. These agreements have enabled Gecina to reduce its carbon footprint while also reducing its energy costs.

Gecina has also invested heavily in renewable energy installations, such as solar panels and geothermal systems, to generate clean energy on-site. The company has installed over 15,000 square meters of solar panels on its buildings, which generate around 1,500 MWh of electricity annually. Gecina has also installed geothermal systems in several of its buildings, which use the earth's natural heat to provide heating and cooling. These renewable energy installations have not only reduced Gecina's carbon footprint but have also improved the energy efficiency of its buildings.

In addition to its decarbonization efforts, Gecina has also implemented a comprehensive corporate energy management program to optimize its energy consumption. The program includes regular energy audits, the installation of energy-efficient lighting and HVAC systems, and the use of smart building technologies to monitor and control energy use. Gecina has also implemented a green lease policy, which encourages its tenants to adopt sustainable practices and reduce their energy consumption.

Gecina's commitment to sustainability has been recognized by several industry organizations. The company has been included in the Dow Jones Sustainability Index (DJSI) for the past five years, which recognizes companies that demonstrate leadership in environmental, social, and governance (ESG) practices. Gecina has also received several awards for its sustainability efforts, including the "Grand Prix de l'Assemblée Générale des Actionnaires" in 2020 for its decarbonization strategy.

In conclusion, Gecina is a leading real estate investment trust in France that has demonstrated a strong commitment to sustainability. The company has set ambitious decarbonization targets and has implemented a range of initiatives to achieve these goals, including corporate PPAs, renewable energy installations, and energy management programs. Gecina's sustainability efforts have not only reduced its carbon footprint but have also improved the energy efficiency of its buildings and reduced its energy costs. As a result, Gecina has been recognized as a leader in ESG practices and is well-positioned to thrive in a low-carbon future.

✓ Science Based Targets member
✓ Declared Net Zero commitment