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Northern Horizon Capital A/S

PRI reporting framework 2018

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Pre-investment (selection)

PR 04. Incorporating ESG issues when selecting investments

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

04.1. Indicate if your organisation typically incorporates ESG issues when selecting property investments.

04.2. Provide a description of your organisation's approach to incorporating ESG issues in property investment selection.

ESG factors are considered as part of any due diligence process on a targeted investment and a summary conclusion provided as part of the investment proposal. For the purpose of assessing issues of ESG in relation to investments, special-purpose questionnaires are used to address and document ESG as part of the due diligence process. Northern Horizon also expects to incorporate ESG impacts (costs and income) into applied financial investment models in the future.

04.3. Indicate which E, S and/or G issues are typically considered by your organisation in the property investment selection process, and list up to three examples per issue.

ESG issues

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          When evaluating care home investments, we also look at the rental price per care bed as an indicator of the general affordability for the elderly. If the rent price per care bed is above market average for the area, i.e. an thus not accessible for the general public, we may turn down the investment.
        

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          For investments in care homes we evaluate whether the care operators (tenant) are appropriately licensed to provide care services in line with local regulatory requirements.
        

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04.4. Additional information. [Optional]


PR 05. Types of ESG information considered in investment selection (Private)


PR 06. ESG issues impact in selection process

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

06.1. Indicate if ESG issues impacted your property investment selection process during the reporting year.

06.2. Indicate how ESG issues impacted your property investment deal structuring processes during the reporting year.

06.3. Additional information.

The explicit inclusion of ESG factors in our due diligence process on new investments, in particular the investment recommendation template, has on two occasions helped identify and formulate responses to risks in relation to land contamination and flood risks with the potential to impact value creation going forward.

 


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