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Northern Horizon Capital A/S

PRI reporting framework 2018

You are in Direct - Property » Post-investment (monitoring and active ownership)

Post-investment (monitoring and active ownership)

Overview

PR 08. ESG issues in post-investment activities

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

08.1. Indicate if your organisation, and/or property managers, considers ESG issues in post-investment activities relating to your property assets.

08.2. Indicate whether your organisation, and/or property managers, considers ESG issues in the following post-investment activities relating to your property assets.

08.3. Describe how your organisation, and/or property managers, considers ESG issues in post-investment activities related to your property assets.

Northern Horizon typically addressed ESG issues post-investment through a number of initiatives, including:

  • ESG performance monitoring and reporting
  • Building upgrades such as changes to the energy supply and measured to reduce energy consumption (particularly heating and electricity) by introducing more energy efficient solutions.
  • Building certifications and ratings such as LEED, BREEAM and EPC A-G.
  • Tenant dialogue and satisfaction surveys
  • Community engagements with special interest groups and employee community engagement days.
  • Whistle-blower schemes open to the public

Property monitoring and management

PR 09. Proportion of assets with ESG targets that were set and monitored

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

09.1. Indicate the proportion of property assets for which your organisation, and/or property managers, set and monitored ESG targets (KPIs or similar) during the reporting year.

(in terms of number of property assets)

09.2. Indicate which ESG targets your organisation and/or property managers typically set and monitor

09.3. Additional information. [Optional]

Although the recently approved Responsible Investment Policy recognises the need for targeting, Northern Horizon has yet to implement specific targets on a vehicle-by-vehicle basis. This is part of the policy implementation process scheduled for the next 1-2 years.


PR 10. Certification schemes, ratings and benchmarks (Private)


Property developments and major renovations

PR 11. Proportion of developments and refurbishments where ESG issues were considered

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

11.1. Indicate the proportion of active property developments and major renovations where ESG issues have been considered.

(by number of active property developments and refurbishments)

11.2. Indicate if the following ESG considerations are typically implemented and monitored in your property developments and major renovations.

11.3. Additional information. [Optional]

In 2017, Northern Horizon has invested in several development projects. Most of these are scheduled for certification under LEED, BREEAM or local green certifications and thus being developed according to these green certificate standards.


Occupier engagement

PR 12. Proportion of property occupiers that were engaged with

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

12.1. Indicate the proportion of property occupiers your organisation, and/or your property managers, engaged with on ESG issues during the reporting year.

(in terms of number of occupiers)

12.2. Indicate if the following practises and areas are typically part of your, and/or your property managers’, occupier engagements.

          Yearly tenant meetings.
        

12.3. Additional information. [Optional]

Through 2017, property managers on behalf of Northern Horizon engaged with occupiers in relation to ESG in a number of ways, including:

  • Engagement with tenants through annual meetings to address issues and concerns.
  • Provided feedback to tenants on their energy consumption and in some cases implemented energy saving measures which also benefitted the tenants.
  • Performed ad hoc monitoring of on-site activities, both existing assets and development assets.
  • Introduced green clauses in lease contracts, including requirements to share consumption data and other provisions.

PR 13. Proportion of green leases or MOUs referencing ESG issues (Private)


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