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Northern Horizon Capital A/S

PRI reporting framework 2018

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

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

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, and how they consider ESG factors and real economy impact.

Northern Horizon's investment policy outlines the core principles for investing applicable to the entire group. In addition, the Code of Conduct identifies the core corporate values (see below) and the Responsible Investment Policy sets out the approach to ESG (see SG 01.5).

Investment principles:

  1. All investments must be done in a prudent manner for the sole benefit of our investors in accordance with applicable laws and regulations.
  2. All investments must adher to the statute and investment strategy of the relevant vehicle, including investment objectives and restrictions.
  3. All investments must adher to a principle of diversification within the strategy, including in asset selection, timing, location, tenant exposure, and lease risk.
  4. Northern Horizon will not establish or manage any vehicles whose strategy conflicts with the company's values, strategy or the UNPRI principles.
  5. Northern Horizon will not outsource investment management responsibilities for any vehicles that carry our name.
  6. Northern Horizon recognizes the value in aligning interests through co-investments, and may often choose to co-invest, but is not obliged to.

Corporate values:

Creativity, integrity, commitment, empowerment, performance, accountability.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

From the Responsible Investment Policy:

At Northern Horizon we acknowledge that our real asset activities affect the society and environment around us, and that we have an opportunity and an implicit duty to ensure this impact is positive. We also believe that efficient and sustainable operations is a necessity for long-term value creation.

Consequently, we are committed to taking responsibility when conducting our business by integrating environmental, social and governance (“ESG”) factors into our investment decisions and operational processes. This effort is part of our Code of Conduct.

To govern our sustainability efforts, Northern Horizon has defined 9 guiding principles (“Guiding Principles”) applicable to the whole group and to the funds/vehicles we manage as designated by the Board:

  1. We actively contribute to the alignment of our business activities with the broader objectives of society by ensuring that those activities respect and, where possible, benefit society and the environment.
  2. We have an appointed ESG Task Force with clear responsibilities for ensuring monitoring, action and review on ESG aspects, just as ESG is part of the responsibility of every fund manager.
  3. We recognise our responsibility to national and international ESG legislation by monitoring present compliance and actively managing risks of future proposed ESG regulation.
  4. We integrate ESG factors into our investment process in all steps of the investment life cycle assigning positive value to measures that improve ESG.
  5. We set long-term targets for ESG aspects identified as material to an investment.
  6. We measure, monitor and report on ESG aspects, where relevant against targets, as a minimum once a year.
  7. We share data and best practices internally and with our stakeholders as part of our engagement to increase ESG awareness, learn and motivate others to take responsibility.
  8. We support and participate in leading industry standards to enhance transparency, knowledge and impact of ESG within the real estate sector.
  9. We survey our own internal performance on ESG, in particular the qualifications, integrity and well-being of our staff in respect of our role as entrusted financial managers.

SG 02. Publicly available RI policy or guidance documents

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

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Indicate if your organisation’s investment principles, and overall investment strategy is publicly available

02.4. Additional information [Optional].

Policy documents are generally shared either as part of data rooms or upon request as part of any due diligence process with potential investors. Northern Horizon's Responsible Investment Policy is public available at www.nh-cap.com.


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

Northern Horizon has a group-wide Conflict of Interests Policy which applies to the investment process. If, despite preventive measures, a conflict of interest cannot be avoided, the nature and reasons for the conflict of interest must be explained to the customer prior the execution of the action in question. The customer will then independently consider whether to go ahead with the transaction despite the conflict of interest. Northern Horizon may also decline to act if a conflict of interest has arisen.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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