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Northern Horizon Capital A/S

PRI reporting framework 2018

Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - INF 03]

Strategy and Governance

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]

Direct - Property

Overview [PR 01] Fundraising of property funds [PR 02 - 03] Pre-investment (selection) [PR 04 - 06] Post-investment (monitoring and active ownership) [PR 08 - 14] Overview [PR 08] Property monitoring and management [PR 09 - 10] Property developments and major renovations [PR 11] Occupier engagement [PR 12 - 13] Community engagement [PR 14] Outputs and outcomes [PR 15 - 16]

Assurance

Assurance [CM1 01.1 - 01.7]

Export Public Responses

You are in Direct - Property » Selection, appointment and monitoring third-party property managers

Selection, appointment and monitoring third-party property managers

PR 07. ESG issues in selection, appointment and monitoring of third-party property managers

New selection options have been added to this indicator. Please review your prefilled responses carefully.

07.1. Indicate if your organisation includes ESG issues in your selection, appointment and/or monitoring of third-party property managers.

Yes

07.2. Indicate how your organisation includes ESG issues in your selection, appointment and/or monitoring of third party property managers.

Selection process of property managers incorporated ESG issues

Types of actions

Request explanation of how ESG is effectively integrated, including inquiries about governance and processes

Request track records and examples of how the manager implements ESG in their asset and property management

Discuss property level out-performance opportunities through greater integration of ESG criteria

Request explanation of engaging stakeholders on ESG issues

Other, explain

Coverage

>75% to 100%

>50% to 75%

>25% to 50%

>0% to 25%

Contractual requirements when appointing property managers includes ESG issues

Types of actions

Include clear and detailed expectations for incorporating ESG

Require dedicated ESG procedures in all relevant asset and property management phases

Clear ESG reporting requirements

Clear ESG performance targets

Other, explain

Coverage

>75% to 100%

>50% to 75%

>25% to 50%

>0% to 25%

Monitoring of property managers covers ESG responsibilities and implementation

07.3. Provide a brief description of your organisations selection, appointment and monitoring of third party property managers and how they contribute to the management of ESG issues for your property investments.

Northern Horizon has a ‘quality’ clause in all its property management contracts in which ESG is implied to. However, ESG is not addressed as a stand-alone issue. On selected funds, Northern Horizon has entered into separate ESG contracts with property managers to enable reliable reporting to GRESB.

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