Responding to
a global challenge
The critical role of
the real estate industry
Icade sets strong
low-carbon goals
Keeping global temperatures from rising more than 2°C, with an ideal target of 1.5°C, as recommended by scientific experts and the 2015 Paris Agreement on climate change.
This industry is responsible for 25% of greenhouse gas emissions in France and therefore has an important role to play in achieving this objective.
The Company has made commitments compatible with a 1.5°C trajectory. To achieve them, it relies on a 2024-2030 investment plan of 145 million euros and also implements a policy to contribute to the development of carbon sinks in France.
1st private office building to receive the HQE Construction certification in France
1st green leases and committees with tenants to address environmental issues
1st developer to obtain the E+C- label (positive energy and low carbon) for an office building
Icade has unveiled its Purpose which makes climate-related issues central to how it does business.
SBTi validates Icade's 1.5°C trajectory, according to the "Net Zero" Standard
The new Reshape 2024-2028 plan, which includes low-carbon one of its strategic priorities
Designing, Building, Managing and Investing in cities, neighbourhoods and buildings that are innovative, diverse, inclusive and connected with a reduced carbon footprint.
Desirable places to live and work.
This is our ambition. This is our goal.
This is our Purpose.
25%
of CO2 emissions
are produced by the real estate industry
in France
The real estate industry is a large producer of greenhouse gases and has, as a result, a major impact on climate change. In response to this issue, France has set an objective to reduce its emissions.
Objective for France’s
real estate industry:
-49%
reduction in CO2 emissions between 2015
and 2030 and carbon neutrality by 2050
In 2022, Icade is strengthening its approach by aligning itself with a 1.5°C trajectory, with a goal of net zero emissions by 2050 validated by the SBTi. Its climate and biodiversity strategy and results have been the subject of resolutions at General Shareholders Meetings every year since 2022.
For Icade, this environmentally responsible approach is designed to benefit its customers and involve its partners and employees.
Emissions from building construction and their use for 50 years.
(scope 3)Emissions from buildings construction.
(scope 3)Emissions from energy consumption by tenants.
(scopes 1, 2 & 3)Emissions from energy consumption by buildings occupied by Icade and the home-work and business trips of its employees.
(scopes 1, 2 & 3)91 %
3 %
5 %
1 %
Icade’s total emissions in 2024:
289867
tonnes
of
CO2eq.
Improve building envelopes and opt for bioclimatic architecture
Use low-carbon, biosourced and
reused materials
Developing renovation projects
Install low-energy equipment and use low-carbon energy sources
Ville en Vue and AfterWork, two offers dedicated to rebuilding the city within the city.
Icade gets
home buyers involved
Icade has implemented a quality-assurance process for its customers that guarantees the expected energy performance of buildings through commissioning.
The Property Development Division has provided future buyers with a digital user guide that offers tips on improving the energy performance of their homes.
Renovate buildings and install
energy-efficient equipment
Integrate low-carbon energy
sources
in buildings
Take energy and carbon
criteria into account when acquiring buildings and
for all new
builds
Enhance the climate resilience
of our buildings
The 28,860 sq.m Pulse office building in Saint-Denis has been awarded the most demanding labels and certifications: NF HQE Excellent, BREEAM In-Use Excellent, E2C1 and BBCA Excellent. Thanks to its bioclimatic architecture and high-performance energy systems, Pulse minimises its energy requirements.
Icade gets
office tenants involved
Environmental committees are bodies dedicated to raising tenants' awareness of reducing their energy, water and waste consumption. To go further, Icade offers its tenants a new generation contract, the Committed Climate lease, to support them in a partnership manner in reducing their greenhouse gas emissions, so that they contribute to carbon neutrality of French territory.
Provide a wide range of sustainable transport solutions: electric shuttle buses, charging stations for electric vehicles, ride-sharing, bicycle parking areas, etc.
Feature efficient buildings
and use low-carbon energy
Reinforce the sustainable
mobility policy
Develop a digital sobriety strategy
Icade gets
its employees involved
Icade makes its employees aware of saving energy in the buildings they occupy by offering awareness-raising workshops and encouraging digital sobriety.
Icade is reducing the carbon footprint of its company car fleet by excluding the most polluting models, electrifying the fleet, and promoting sustainable mobility for its employees by rolling out a Sustainable Mobility Package, 80% of which is paid for by the employer.
Icade is planning an investment plan of 145 million euros between 2024 and 2030 with €22 million already invested in 2024 to finance work to improve the energy performance of its assets and innovative low-carbon solutions.
It is a way to finance projects conducted by third parties whose activities sequester CO2 emissions in France and abroad.
Icade considers that carbon contribution comes in addition to its carbon reduction efforts. The certified carbon units that are financed are never deducted from our carbon footprint.
Icade finances projects backed by the French Bas Carbone label and includes reinforced requirements in relation to the label on the diversity of species, biodiversity, soil protection and dieback thresholds for post-disaster reforestation projects.
The projects financed by Icade are carried out on French territory.
The selected projects generate additional carbon benefits: biodiversity, socio-economic, water resources, soil preservation.
Emanating from Icade’s start-up studio Urban Odyssey, STOCK CO2 is dedicated to carbon contribution financing in France.
This subsidiary of Caisse des dépôts is a leading player in the French forestry and wood industry. It has positioned itself as a manager of forestry projects that aim to obtain the French Low-Carbon Label.
1st expert cooperative in forest management, Alliance Forêts Bois operates throughout the territory, upstream and downstream, for production dedicated to lumber, wood energy and industry.