ERAFP has developed a demanding and innovative SRI process for real estate assets, adapting the five values of its SRI Charter to the asset class. It does not only focus on the real estate assets' environmental impact, but also integrates the challenges of social progress, respect for human rights, democratic labour relations and good governance into their management. In this respect, taking account of these challenges throughout the entire management chain is of primordial importance.
This approach also aims to adapt the best in class principle to the specific nature of the real estate asset class by incorporating a dynamic approach consistent with the life span of the assets. In practical terms, this is reflected in a dual SRI performance dimension for the real estate concerned: a relative performance and a dynamic performance that aims to raise each asset to best in class.
As for each asset class, SRI is an important aspect of ERAFP RfP
In 2019, the consolidated ESG rate of the ERAFP's Real Estate portfolio is 67,6/100 and its potential rate is 74,1/100
A monitoring of the climate-related issues is also done since 2017, based on Carbone 4 analysis.