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:
- 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.
- 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.
- We recognise our responsibility to national and international ESG legislation by monitoring present compliance and actively managing risks of future proposed ESG regulation.
- We integrate ESG factors into our investment process in all steps of the investment life cycle assigning positive value to measures that improve ESG.
- We set long-term targets for ESG aspects identified as material to an investment.
- We measure, monitor and report on ESG aspects, where relevant against targets, as a minimum once a year.
- 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.
- We support and participate in leading industry standards to enhance transparency, knowledge and impact of ESG within the real estate sector.
- 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.