For the fourth consecutive year, Icade is publishing an Annual Integrated Report based on the recommendations of the International Integrated Reporting Council (IIRC), the global framework for integrated reporting.
Intended for all its stakeholders, this document offers a concise overall view of the Group in 2021, including its Purpose, strategy, objectives, performance and governance. By presenting both financial and nonfinancial performance indicators, it provides a clear and transparent account of how Icade creates value in the short, medium and long term, for the benefit of its customers, partners, employees, local authorities and communities, as well as society as a whole.
Icade is looking more than ever towards the future with high goals, an abundance of energy and a deep sense of our societal and environmental responsibilities.
Olivier Wiginiolle
Chief executive officer
Icade’s three business lines performed strongly throughout 2021, confirming the relevance of its diversified business model and the adaptability of its activities to the challenges of the post-Covid city.
These results mean the Group is on course to achieve the goals set out in its ambitious and responsible roadmap for 2021–2025, which is both growth and value-creation oriented.
+ 3,8 % of which €12.2bn on a proportionate consolidation basis.
+ 8,6 %
+ 2,9 %
(vs. €79.5m as of 12/31/2020)
+ 15 % of which €1.6bn on a proportionate consolidation basis.
+ 8,8 %
In line with its Purpose, Icade’s CSR commitments are reflected in its strategic choices and the implementation of an ambitious policy that creates value for all its stakeholders.
Taking action to fight climate change over the building life cycle with efficient and resilient buildings that meet the modern needs of their users.
Reducing the impact on biodiversity and preserving the ecological heritage by fostering the development of solutions to reintroduce nature into the city, in order to meet the expectations of local authorities and contribute to improving the quality of life of urban dwellers.
Reducing the use of natural resources, especially for construction materials, supporting the development of a circular economy and the use of sustainable materials.
Participating in local economic development and addressing local issues and user needs, especially for the most vulnerable, by developing solutions that promote social cohesion and inclusion as well as social, functional and age diversity.
Adopting new managerial and work practices that foster collaboration, cross-functional working, innovation and employee engagement.
In early 2022, Icade announced the ramping up of its transition to a low-carbon pathway, with more ambitious objectives for its three divisions, in line with a 1.5°C pathway. These new commitments aim to comply with the new Net-Zero Standard developed by the international Science Based Targets initiative (SBTi). They will also be the subject of a “Say on Climate & Biodiversity” resolution at the General Meeting to be held on April 22, 2022.
Reduce carbon intensity by 60% between 2019 and 2030 (in kg CO₂/sq.m/year).
Reduce carbon intensity by 37% between 2019 and 2030 (in kg CO₂/sq.m/year).
Reduce carbon intensity by 41% between 2019 and 2030 (in kg CO₂/sq.m/year).
In order to further explore future societal, environmental and business issues, Icade has assembled a group of inspiring external participants.
As a result, three working groups, each led by a recognised expert, examined three major societal issues. Since June 2021, the paleoclimatologist and Nobel
Prize winner Jean Jouzel has coordinated the work of the “Climate and Low Carbon” group, Brice Teinturier, Deputy CEO of Ipsos, the group dedicated to societal transitions, and Gilles Boeuf, biologist and Chairman of the National Museum of Natural History, the group focused on biodiversity.
At the heart of its Purpose, Icade acts for a low-carbon city, for a mixed and inclusive city, for an innovative and connected city.
The real estate industry is responsible for 25% of greenhouse gas emissions in France and therefore has a major role to play in the fight against global warming. A pioneer in low-carbon construction in France, Icade strengthened its commitments by announcing an ambitious new strategy in early 2022 called “Low Carbon by Icade”. This strategy is underpinned by the conviction that a liveable city is above all a city that protects its resources and the environment.
Places where people want to live and work are also places that promote diversity and inclusion. This type of city envisioned by its stakeholders reflects Icade’s history and is central to its Purpose. As lifestyles, habits and user expectations evolve, the Group has innovated and worked every day to make living together easier.
To address major social, environmental and climatic challenges, cities must undergo a transition and adapt to new lifestyles and work habits. In the aftermath of an unprecedented health crisis that has changed the way we think about our living and working environments, the city’s stakeholders are innovating on a daily basis to create sustainable smart cities.
Discover the 2021 Integrated Annual Report document in an interactive format with enriched content.
