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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.

Responsible investment is an integral part of ACTIAM's investment philosophy and investment process. ACTIAM firmly believes that better decisions can be taken on investments by taking account of environmental, social and governance (ESG) issues. ACTIAM chooses its partners carefully. If we want to enter into a property transaction or contract with service providers, tenants or buyers, we apply a customer due diligence procedure. This procedure tests the integrity and reliability of the other parties to the contract.

ACTIAM rules out in advance certain investments, parties and tenants. ACTIAM's Fundamental Investment Principles set out how it wants to approach firms, authorities, tenants and institutions that do not deal responsibly with environmental, social and governance issues. This specifically concerns human rights, fundamental labour rights, corruption, the environment, weapons, customer and product integrity and animal welfare. Tenants and institutions are screened for these points. In addition, we try to manage our portfolio well, so that the assets always comply with current laws and regulations. Finally, we have internal targets and thresholds, such as we do not invest in buildings without the highest energy efficiency label (A) or the opportunity to obtain this label within a short period of time. 

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

          The energy performance certificate is one of the mandatory building certifications in measuring a buildings promised energy performance. We only buy buildings with an A label or a building where we can realize an A label in a short term/

Environmental example 2, description

          Our office buildings (=90% of the portfolio) should be located near train stations and public transport hubs

Environmental example 3, description

          Sustainable use of materials; if asbestos has been used in a build, we will try to remove this shortly after the purchase.

Social example 1, description [OPTIONAL]

          We stimulate active engagement between our Property Managers and our tenants to improve the dialogue and relationship

Social example 2, description [OPTIONAL]

          in the recent years, we invested in making our office buildings accessible for handicapped

Social example 3, description [OPTIONAL]

          We only use wood labelled with FSC or PEFC certificates

Governance example 1, description

          We pre-screen our tenants in order to identify risks and avoid negative social and environmental impacts

Governance example 2, description

          ACTIAM has an exclusion list. Every tenant is screened based on that list

Governance example 3, description

          ACTIAM uses a code of conduct for management and employees. Integrity, transparency and corporate social responsibly are our top priorities. Also, our Property Managers uses a code of conduct (ISAE 3402-type2)

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.

When an investment opportunity arrives, current and potential ESG factors are considered. For example, an investment with a very low energy efficiency label and no potential to upgrade this, will not be approved. The ESG criteria (as stated in our investment policy) are always taken into account in each decision and more in-depth research is done in some cases.

We want to invest to make real estate more sustainable. By striving for energy-neutral buildings, by reducing water consumption and waste and making as much use as possible of sustainable materials, we prepare our buildings for the future, we contribute to the sustainability of the real estate sector and we provide a better living environment. These criteria are considered in the investment selection process.

In each decision, information of our network is taken into account. That is, appraiser, brokers, real estate agents, etc. 

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.

In 2018, no purchases are done.