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KLP

PRI reporting framework 2019

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Outputs and outcomes

PR 15. ESG issues affected financial/ESG performance

15.1. Indicate whether your organisation measures how your approach to responsible investment in property investments has affected financial and/or ESG performance.

15.2b. Describe the impact on the following.

Describe the impact on:
Impact
Funds' ESG performance

15.3. Describe how you are able to determine these outcomes.

KLP Eiendom measures all properties along a variety of environmental parameters, e.g. energy efficiency, waste, and water usage. We see a positive trend and work continually to improve on these issues. From a financial perspective, KLP Eiendom, by monitoring these parameters, lowers the risk. At present, however, we are not able to systematically measure the financial impact of these initiatives, but we believe they also make our properties more attractive for tenants and increase the long-term value of the properties.


PR 16. Examples of ESG issues that affected your property investments

16.1. Provide examples of ESG issues that affected your property investments during the reporting year.

ESG issue
          Environmental performance
        
Types of properties affected
          Purchase of an office building under construction
        
Impact (or potential impact) on investment

 

The seller had to guarantee that the pre-defined rating targets for the Energi performance indicator (Energimerke) and the BREEAM rating were acheived once the building was completed.

 

Activities undertaken to influence the investment and the outcomes

Failure to achieve these targets will result in a financial penalty.

16.2. Additional information. [Optional]


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