Letter to stakeholders 2023 of the Chairman and the CEO
We would like to present our 13th Sustainability Report referring to 2022, a year in which all our activities were steadily resumed following the two-year period marked by the Covid-19 pandemic. It was also a year, however, in which we had to face new problems which, like the pandemic, were of an external nature but which directly impacted our business.
IGD opens the Officine Storiche construction site to local officials and the public
On 27 October IGD presented the requalification work underway at Officine Storiche to the mayor of Livorno, the Town Council and the press during an Open Day that the Company management felt strongly about organizing. “It is only by being very open with the local authorities and public that we will be able to proceed with this ambitious project that is transforming Livorno’s waterfront, as we will be able to count on an active, well-informed collaborative environment”: Roberto Zoia, IGD SIIQ SpA’s Director of Asset Management, Development and Network Management, explained to us.
Financial and green sustainability converge in the new €215 million loan
After having defined its Green Financial Framework in the spring, in August IGD obtained the first green loan in its history of €215 million from a pool of banks. Let’s find out the reasons why this type of loan was preferred in the current environment and how it affects financial sustainability by speaking with Andrea Bonvicini, IGD’s Chief Financial Officer.
The Chief Executive Officer’s point of view of the first nine months of 2022
IGD’s Chief Executive Officer, Claudio Albertini, provides us with an interpretation of the results we are maturing in the current year based on the performance reported at September 30th. Despite a very complex environment, the Group has proven successful in achieving good performances by leveraging on indexed rents and careful operational, asset and financial management, consistent with the strategic guidelines included in the Business Plan.
The co-marketing project between IGD and Coop Alleanza 3.0 takes off
As a result of the agreement with Coop announced on April 21st, broad scope initiatives were born which are currently taking shape. In this column we are going to talk about IGD’s strong commitment to this project and the tools that will be used to augment footfalls and tenants’ sales by asking Francesco Soldi, IGD’s Director of Marketing and CSR a few questions.
A strategy focused on change and the tenacious work of the commercial team drive improvement in the operational metrics
Despite the difficult scenario, the performance of IGD’s operational metrics looks promising with the portfolio’s occupancy showing improvement against the first quarter and retailers’ sales back to pre-pandemic levels thanks to very “targeted” shopping which has resulted in an increase of 17% in the average ticket compared to June 2019. Behind these results is the tireless work of IGD’s commercial team.
Let’s take a look at what has been done and the progress underway by asking Laura Poggi, IGD’s Director of the Commercial Department, Marketing and CSR, a few questions.
The Sustainability Plan activated on a series of projects approved in December 2021
The Business Plan approved by IGD’s Board of Directors last December contains 41 quantitative targets for the three-year period 2022-2024 and identifies 22 ambitions for 2030. During this first half when implementation of the Plan began, IGD worked on several sustainability projects which are part of its “Becoming GREAT” path and the Green, Responsible, Ethical, Attractive and Together directives.
Let’s take a look at the main results achieved in this first half of 2022.
Focus on new consumer trends, to make the most of what shopping centers offer
The re-openings have helped retailers return to pre-pandemic sales, but have also revealed new consumer trends. While it’s clear that the shopping center has regained its role, with online sales back to more typical levels, a few new trends are taking shape with respect to certain types of consumption. High inflation, digital technologies and the persistence of smart working are, in fact, causing profound changes in shopping frequency and the choices of goods and services purchased inside shopping centers.
Let’s find out more about these issues by asking Roberto Zoia, IGD SIIQ SPA’s Director of Asset Management, Development and Network Management, a few questions.
