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MN

PRI reporting framework 2019

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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.

E: Regarding acquisitions a high level of energy efficiency is mandatory. With respect to efficient land use: acquisitions at multimodal transport locations within urban areas. Furthermore for commercial properties offices BREAAM-labeling and WELL-certification are part of the program of requirements.

S: MN has committed itself to the IVBN code of conduct for selling residential units. In this code specific conditions are defined for selling residential properties to third parties. Third parties must be checked for being a good landlord and having a meticulous process for selling individual units to tenants. If necessary other third parties are checked for their social policy
There is an overall policy on affordable housing applicable and within the investment selection affordable housing investments are preferred over investments with higher rent levels.

G: Customer due diligence: Third parties like valuers, property managers, tenants and parties involved in acquisitions or dispositions are screened. Internal measures: A standard approval scheme is in place for signing tenant agreements, acquisitions, dispositions and assignments for the property management of the properties. Invoices also have to be approved.

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

          Energy supply: Green Energy Supply is incorporated if possible with solar panels, city heating or heat/cold-storage. Indoor environmental quality: Under the Dutch construction law there is a threshold for indoor environmental quality . A higher level of isolation is part of the program of requirements both on isolation against sound and cold weather.
        

Environmental example 2, description

          High level of energy efficiency is mandatory under Dutch law for new constructions, with existing property we have a threshold requirement for energy efficiency.
        

Environmental example 3, description

          GHG emissions: newly build residential properties have no connection to natural gas for central heating or cooking.
        

Social example 1, description [OPTIONAL]

          Socio-economic: MN has committed itself to the IVBN code of conduct for selling residential units. In this code specific conditions are defined for selling residential properties to third parties. Third parties must be checked for being a good landlord and having a meticulous process for selling individual units to tenants. When necessary other third parties are checked for their social policy
        

Social example 2, description [OPTIONAL]

          Affordable Housing: Affordable Housing is part of MN's property policy. We specifically focus on create affordable housing in the price range between €650,- and €900,-
        

Social example 3, description [OPTIONAL]

          
        

Governance example 1, description

          Conflicts of interest: Advisors within acquisition need to prove they have no conflicting interests as they also advise other parties within the same acquisition.
        

Governance example 2, description

          Supply chain governance: Third parties like valuers, property managers, tenants and parties involved in acquisitions or dispositions are screened. When our third parties work with subcontractor, they need to be able to prove bein compliant to Dutch law on supply chain governance.
        

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.

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

Mandatory rules are set up to which every investments must comply. Prove is provided by appraisals, available information of external advisors


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.

          Acquisitions were abandoned as of a negative outcome customer Due Dilligence
        

06.3. Additional information.


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