Materiality analysis

Stakeholder dialogue as driver for transition

As a listed real estate company, Cofinimmo provides investors with the opportunity to invest indirectly in real estate. Fully aware of the impact of its activities, the company maintains an ongoing dialogue with its stakeholders at every stage of a building’s life cycle.

Cofinimmo's materiality analysis identifies the most important sustainability issues for the company, based on the perception of its stakeholders and the estimated internal impact.

Up to 2023, the inner part of the materiality circle covered six priority areas for action among the 14 objectives identified. The other topics, while not priorities, remain important and are often covered by strict legislation or have reached a sufficient level of maturity to take second place.

In 2024, the number of action areas was reduced from six to three to prepare for the transition to double materiality analysis, which will apply from 2025 (subject to changes in the relevant legislation). Safety of occupants, responsible supply chain relations and monitoring water usage have been moved outside the inner zone. Governing business with integrity has replaced profitability for investors and access to capital. Finally, the issue of the nature of occupation has been integrated in governing business with integrity. The materiality analysis is submitted annually to the Executive Committee and the Board of Directors for approval.