This report shows public data only. Is this your organisation? If so, login here to view your full report.

KLP

PRI reporting framework 2019

Export Public Responses
Pdf-img

You are in Direct - Property » Pre-investment (selection)

Pre-investment (selection)

PR 04. Incorporating ESG issues when selecting investments

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.

All potential property investments are evaluated by an interdisciplinary team from the property division. A comprehensive ESG checklist has been developed for this purpose.

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.

Environmental example 1, description

          Compliance with national laws, i.e. confirm that a valid energy declaration is supplied.
Comparing the estimated energy consumption with the measured consumption provided by the owner, and investigate if there is a significant difference.Compare the average energy consumption per square meter of the property with the average values of our portfolio. Estimate the cost and benefit of measures that could be taken to lower the energy consumption.
        

Environmental example 2, description

          Obtain documentation of hazardous materials used in the building, i.e. asbestos and PCB. Estimate the cost of safely removing said materials. Obtain measurements of radon gas.
        

Environmental example 3, description

          Consider the risk of flooding and the possibility of the property being affected by rising sea levels.
        

Social example 1, description [OPTIONAL]

          Obtain documentation of hazardous materials used in the building, i.e. asbestos and PCB. Estimate the cost of safely removing said materials. Obtain measurements of radon gas.
Making sure that all mandatory controls and measures have been completed, i.e. fire inspections and maintenance of safety equipment.
        

Social example 2, description [OPTIONAL]

          
        

Social example 3, description [OPTIONAL]

          
        

Governance example 1, description

          
        

Governance example 2, description

          
        

Governance example 3, description

          
        

04.4. Additional information. [Optional]


PR 05. Types of ESG information considered in investment selection

05.1. Indicate what type of ESG information your organisation typically considers during your property investment selection process.

          KLP Eiendom also conducts site and technical surveys.
        

05.2. Provide a brief description of how this ESG information was incorporated into your investment selection process.

We do not use country level data/benchmarks as there is currently not enough good information available, at least for the Nordic countries and the UK, where KLP Eiendom is invested. The development of country level data currently underway, but is unlikely to be available for some time.

Ideally, we would like to see data that would indicate where demand for green buildings is growing.

 


PR 06. ESG issues impact in selection process

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.

For a building project that was acquired prior to construction, an agreement defined spesific rating targets for the Energy performance indicator (Energimerke) and the BREEAM rating. Failure to meet these demands will result in a financial penalty.


Top