ICADE SANTE (EPA:ICSAA) ICADE SANTÉ SETS HIGHER CSR GOALS AND OBTAINS V.E’S A1 RATING

Transparency directive : regulatory news

31/08/2021 19:15

PRESS RELEASE
Paris, August 31, 2021

         ICADE SANTÉ SETS HIGHER CSR GOALS AND OBTAINS V.E'S A1 RATING

In connection with its planned IPO, Icade Santé asked to have its ESG
performance (Sustainability rating) assessed by V.E (Vigeo Eiris - Moody's ESG
Solutions(1)) for its operations in France and abroad. Icade Santé was awarded
a score of 63/100 and an A1 rating, which is the rating obtained by the top 5%
of the highest-ranking companies in the "Financial Services - Real Estate
Europe" sector.

According to V.E, this performance reflects "Icade Santé's strong desire and
ability to include CSR factors in its strategy, operations and risk
management".

It has also resulted from Icade Santé having set higher CSR goals.

Icade Santé is stepping up its CSR strategy consistent with its growth and
leadership objectives.

To do so, Icade Santé has set three new and ambitious goals in terms of its
ESG performance.

1. Icade Santé is committed to raising the certification goals for its
new-build projects by extending their scope to international projects. The
objective is now to certify all new builds over 4,000 sq.m with a minimum
certification level of HQE Very Good, LEED Silver or BREEAM Very Good.

2. Icade Santé has accelerated the environmental transition of its business
towards a low-carbon pathway. The goals it has set to reduce energy consumption
and carbon emissions for the facilities in its portfolio in France by the end
of 2021 and by the end of 2022 internationally are in line with the objective
of limiting global warming to under 1.5°C.

3. Icade Santé is committed to relying even more on sustainable financing as
part of its liability management, as exemplified by its Social Bond. Issued in
September 2020 and maturing in 2030, this EUR600m Social Bond with a fixed
coupon of 1.375% was a clear recognition by the market of Icade Santé's
commitment to CSR and, in particular, its contribution to society.

Icade Santé's investments in healthcare real estate contribute to ensuring
access to essential services. Its medical properties in France represent around
20% of the for-profit private sector and its nursing homes total over 7,000
beds in France, Germany, Italy and tomorrow in Spain.

Icade Santé's first annual Social Bond report for its French operations and
the V.E report are available on Icade Santé's website
(https://icade-sante.fr). Icade Santé's new CSR strategy will soon be
available there as well.

                               ABOUT ICADE
                         DESIRABLE PLACES TO LIVE

As an office and healthcare property investment company (portfolio worth
EUR14.8bn on a full consolidation basis as of 06/30/2021) and a developer of
homes, offices and public amenities (2020 economic revenue of EUR825m), Icade
designs, builds, manages and invests in cities, neighbourhoods and buildings
that are innovative, diverse, inclusive and connected, with a reduced carbon
footprint. Desirable places to live and work. In collaboration with its
stakeholders, Icade has made low carbon a strategic priority in order to
reinvent real estate and create cities that are healthier, happier and more
hospitable. Icade is a key player in Greater Paris and major French cities. It
is listed as a "SIIC" on Euronext Paris and its leading shareholder is the
Caisse des Dépôts group.

                           ABOUT ICADE SANTÉ

With a portfolio worth EUR5.5bn as of June 30, 2021, Icade Santé is the
leading investor in private healthcare facilities in France. A 58.3% owned
subsidiary of the Icade Group, Icade Santé draws on its proven expertise in
healthcare property, its long-term shareholders as well as its extensive
knowledge of the real estate value chain. Since 2017, Icade Santé has
diversified its investments into the nursing home segment. Icade and Icade
Santé are rated BBB+ with a stable outlook by rating agency S&P.
The text of this press release is available on the Icade website: www.icade.fr
and on the Icade Santé website: https://icade-sante.fr.

(1) Moody's ESG Solutions brings together teams within Moody's Corporation
Group to meet the growing global demand for ESG and climate information.

CONTACTS

Charlotte Pajaud-Blanchard
Press Relations Manager
+33 (0)1 41 57 71 19
charlotte.pajaud-blanchard@icade.fr

Anne-Sophie Lanaute
Directrice communication financière et relations
investisseurs d?Icade
+33(0)1 41 57 70 29
anne-sophie.lanaute@icade.fr

Yoann Nguyen
Investor Relations Manager
+33 (0)6 31 58 97 31
yoann.nguyen@icade.fr

Forward-looking statements

Certain information included in this press release are not historical facts but
are forward-looking statements. These forward-looking statements are based on
current beliefs, expectations and assumptions, including, without limitation,
assumptions regarding present and future business strategies and the
environment in which Icade Santé operates, and involve known and unknown
risks, uncertainties and other factors, which may cause actual results,
performance or achievements, or industry results or other events, to be
materially different from those expressed or implied by these forward-looking
statements.

Forward-looking statements speak only as of the date of this press release and
Icade Santé expressly disclaims any obligation or undertaking to release any
update or revisions to any forward-looking statements included in this press
release to reflect any change in expectations or any change in events,
conditions or circumstances on which these forward-looking statements are
based. Such forward-looking statements are for illustrative purposes only.
Forward-looking information and statements are not guarantees of future
performances and are subject to various risks and uncertainties, many of which
are difficult to predict and generally beyond the control of Icade Santé.
Actual results could differ materially from those expressed in, or implied or
projected by, forward-looking information and statements.

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