Historically committed to a low-carbon, inclusive and resilient city, the Group's ambition is to remain the leader in decarbonisation in the real estate sector and to be one of the companies the most committed to its positive impact on biodiversity.
In a dual approach, anticipating the challenges facing the real estate sector and the opportunities arising from the ecological transition and the transformation of the business lines it entails, Nexity is therefore stepping up its Climate and Biodiversity strategy and raising its objectives by committing to an approved 1.5-degreeC-aligned carbon trajectory.
Since 2009, Nexity has believed in wood-frame buildings and has developed a recognised low-carbon expertise for Commercial real estate. For Residential real estate, the first wood-frame projects began in 2012. Nexity therefore has more than 10 years of know-how and experience in this field. This low-carbon commitment is a key element of its strategy. Based on this logic and on its original business model, the Group had an ambitious trajectory aligned with the Paris agreements 'well below 2-degreeC' by 2030 approved by the SBTi (Science-Based Targets initiative) in 2021
Today, aware that it has the triggers on the climate emergency, at its own scale and that of its ecosystem, Nexity is taking a new step: the Group is setting new, particularly ambitious targets for reducing its carbon emissions and commits to an approved 1.5-degreeC-aligned carbon trajectory. This step represents a doubling of the objectives compared to the previous trajectory. It is 10% more ambitious than the one made mandatory by the French 2020 Environmental Regulation (RE2020), which is already very demanding in Europe.
For several years now, Nexity has been committed to the carbon performance of its development projects, whether in terms of energy or construction methods, and has extended the use of other construction processes and materials (wood prefabrication, low carbon wood and concrete, bio-sourced materials, geo-sourced materials...). This is particularly true for some large-scale programmes that are both full-scale experiments, serving as a pilot for the rest of its residential and commercial production, and an accelerator for the construction materials industry, which is a key stakeholder in these projects. For example, for the Porte de Montreuil programme, which will be a zero-carbon district, or for blocks B1 and C1 in Lyon Confluence, where Nexity will build an 'essential' building without heating or air conditioning.
At the same time, in its real estate services activities, Nexity aims to support its customers in decarbonisation and to be a key player in the housing energy renovation and in the low-carbon operation of commercial real estate. By 2025, the Group has set itself the goal of supporting the eco-renovation of 150 condominiums and managing 3.5 million square metres of commercial real estate through its range of services designed to improve the environmental performance of its customers' assets while controlling the resulting economic impact. In terms of biodiversity, Nexity has already set itself the objective of scaling up the integration of nature in all its projects. The ambition is to accelerate the consideration of this complex issue linked to climate change. In particular, this means helping to limit the sealing and artificialization of land by working on solutions for rebuilding the city on top of the city: urban regeneration, refurbishment and desirable density.
The company is committed to raising awareness and training its employees on these Climate and Biodiversity issues, in particular with the deployment of the Climate Collage to all employees and awareness-raising sessions dedicated to the specific issues of biodiversity and real estate. In order to ensure consistency between what it says and what it does, and because Nexity has always been committed to aligning the interests of all its stakeholders, the Board of Directors has decided to submit the ambition of its Climate and Biodiversity strategy to the consultative opinion of the shareholders (Say on Climate and Biodiversity) who will be attending the Shareholders' Meeting on 18 May.
NEXITY, LIFE TOGETHER With nearly 8,000 employees and EUR4.6 billion in revenue in 2021, Nexity is France's leading integrated real estate group, with a nationwide presence and business operations in all areas of real estate development and services. Our services platform is designed to serve all our clients individuals, companies, institutional investors and local authorities. Our corporate purpose 'life together' expresses our commitment to create for them, sustainable spaces, neighborhoods and cities, that make it possible to forge and re-establish links. Nexity is notably classified for the third year in a row, France's number-one low-carbon project owner by BBCA, is a member of the Bloomberg Gender-Equality Index (GEI) and Best Workplaces 2021. Nexity is listed on the SRD, Euronext's Compartment A and the SBF 120.
Contact:
Geraldine BOP
Deputy Head of Investor Relations
T: +33 (0)6 23 15 40 56
E: investorrelations@nexity.f
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