The scope covers all activities over which BNP Paribas Real Estate has operational control in France and Europe (assets and activities associated with the sites operated and occupied by BNP Paribas Real Estate for its operations). Acquisitions, disposals and development operations (extensions and/or new projects) are likely to change the scope of reporting and influence the analysis of indicator changes. A distinction between current perimeter and constant perimeter applies transversely to the indicators within the perimeter.
Period and cycle
For all economic, social and civic indicators, the control period used is the period from 1 January to 31 December. The scope of data collection and reporting covers all the Group’s subsidiaries as at 31/12 of the reporting year. Some of the data on energy, water and waste production consumption is based on information from invoices received with a time lag. In order to be able to base itself on actual consumption, BNP Paribas Real Estate has decided to use a rolling year period for the indicators constructed on the basis of such data (from November N-1 to November N). To ensure that the information reported, where available, is comparable, the history must cover the last 3 full years. The currency used is the euro and the measuring system is the square metre. This report is the first CSR report published by BNP Paribas Real Estate.
The data sources as well as the documents for measuring, calculating and consolidating the data must be verifiable by an Independent Third Party Organisation. The sampling, measurement and analytical methods used shall comply with appropriate national standards where they exist. During the collection and validation of the reported information, general controls are carried out to ensure the reliability of the reported data. These controls may be undertaken using relevant control ratios by indicator, must be systematically formalised and archived. This protocol serves as a reference for external data verification and is available on request in French and English. Data sources (invoices, meter readings, waste tracking documents, etc.) and data consolidation documents (sums, multiplication) will be available to the auditors.
GRI reporting principles
Reporting principles are essential to obtain a quality sustainable development report. BNP Paribas Real Estate applies the reporting principles and has prepared its reporting in accordance with the GRI standards: ESSENTIAL CONFORMITY. This report responds to all the elements listed in the law, depending on the implementation of the “apply or explain” principle. Each reporting principle consists of a requirement and guidelines on how to apply the principle. To ensure a quality approach that meets GRI’s expectations on standards, BNP Paribas Real Estate has ensured the implementation of the tests indicated for each principle using MATERIALITY-Reporting, GRI DATA PARTNER for France.
Changes in scope
BNP Paribas Real Estate acquired Strutt & Parker, one of the leading independent players in the British real estate market, thus creating a leading British real estate player. This acquisition was completed in September 2017 and is the result of the merger between BNP Paribas Real Estate’s UK subsidiary and Strutt & Parker. 67 offices in the United Kingdom and 1,500 new employees have thereby been added to BNP Paribas Real Estate. No major change in scope for 2018 nor for 2019.
Commitment to transparency
BNP Paribas Real Estate, as a non-listed subsidiary of Banque BNP Paribas, is not required to carry out extra-financial reporting or to have its extra-financial data audited. However, for the sake of comparison, CSR commitment and continuous improvement, we are committed to providing the most transparent non-financial reporting possible.
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BNP Paribas Real Estate
167 Quai de la Bataille de Stalingrad
92867 Issy-Les-Moulineaux (FRANCE)