Our ESG Evaluation of 83 reflects Covivio's relatively low exposure to environmental and social risks given the nature and region of its operations. It shows strong management of environmental risks compared with peers, as well as above-sector-average customer engagement. Covivio's primary exposure to environmental risks is the greenhouse gas (GHG) emissions linked to its tenants' energy use. The company has demonstrated a solid performance in this regard, with a track record of reducing carbon intensity and setting stringent reduction targets.