Icade was formed to meet France’s urgent need for housing and health infrastructure in the 1950s as a result of challenges posed by post-war reconstruction and a fast-growing population undergoing rapid transformations at that time. Icade was then known as SCIC.
After being the first to launch off-plan sales, Icade then built the first flexible dwellings to facilitate home ownership. It subsequently opened the first retirement homes followed by the first student residences with integrated services to meet the specific needs of all age groups. It next built multiple healthcare facilities. As a result of the office market boom, Icade expanded its property portfolio by developing offices and business parks to promote economic growth throughout the country.
Icade’s people underlying vocation has remained the same—to design the city of the future in addition to building and managing liveable spaces that encompass homes, offices, healthcare facilities, shops, childcare centres and green spaces for pleasant cities to live in.
As a responsible real estate player confronted with today’s climatic, ecological and societal challenges, our goal is to design the city of tomorrow and reinvent the spaces of the future.
In response to changing cities and lifestyles, we have made the well-being of all central to the design of our products— we co-design with future owners the home of their dreams; we have transformed our business parks into leafy, balanced and mixed-use neighbourhoods; and the healthcare facilities we build set the standard for the industry.
To ensure that our growth does not adversely impact the environment, we have made resource conservation a priority through: managing energy consumption in collaboration with our tenants by systematically using “green leases” (similar to the practice we initiated in the 1970s by involving resident councils and our stakeholders in the management of residential buildings); reducing the carbon footprint of our buildings by creating a platform dedicated to the reuse of construction materials available to all players involved in real estate; launching pilot sites for new environmental labels; building low-carbon structures; researching air quality in the buildings; and including urban agriculture in our projects.
These innovations have been made possible as a result of trust-based relationships which are built each and every day, both in Greater Paris and other large French cities, with local authorities, healthcare professionals, residents, companies and their employees. Benefiting from the support of our shareholders and engagement of our employees, they are key to the success of all our initiatives.
Number of employees who took part in the Purpose online consultation
Number of employees involved in Icade's purpose definition process
Nombre de Forums organisés dans le cadre de la définition de la Raison d'être
After incorporating the strategic priorities of its Purpose into operational roadmaps for each of its business lines, Icade defined 15 performance indicators in late 2021 to oversee the implementation of its Purpose, and has created a dedicated monitoring committee to this end.
Increase in tenant Net Promoter Score as measured by an NPS (indicator that measures and provides the Company with information about customer satisfaction and loyalty) survey
60% reduction in carbon intensity between 2019 and 2030 (in kg CO₂/sq.m/year)
Number of sq.m covered by the R2S (Ready to Service) label
Proportion of new-build projects over 4,000 sq.m certified with
a minimum rating (HQE Very Good, BREEAM Very Good, LEED Silver or DGNB Silver)
37% reduction in carbon intensity in France between 2019 and 2030 (in kg CO₂/sq.m/year)
Population served by Icade Santé’s
Proportion of projects that include the “One Tree for Every Resident” solution.
Proportion of housing units with access to an outdoor space
Increase in home buyer Net Promoter Score as measured by an NPS survey on project completion
41% reduction in carbon intensity between 2019 and 2030 (in kg CO₂/sq.m/year, based on a life-cycle assessment over a 50-year horizon)
Proportion of affordable housing: social and intermediate housing
units, low-cost and affordable home ownership units or land leases that promote affordable home ownership (BRS)
Sustainable debt as a percentage of total debt
Increase in employee Net Promoter Score for the
Company’s social and work environment policy
as measured by an NPS survey
SBTi approval for Icade’s low-carbon pathway
Number of innovation projects incorporated each year into day-to-day operations