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S-Bank Plc.

PRI reporting framework 2020

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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.

In the selection phase we incorporate various ESG issues. We for example review our collaborator’s collective agreements, we conduct counterparty analysis when selecting project partners and analyze on-site electricity generation possibilities such as solar power and wind power. We also analyse and implement alternative low carbon heating methods at the investment stage.  Other viewpoints in the selection process are good public transport connections and recycling possibilities.

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

          About 50 percent of our properties use electricity produced solely by water energy.
        

Environmental example 2, description

          About 50 percent of our properties have been equipped with a water leakage monitor system and water saving shower  heads.
        

Environmental example 3, description

          When selecting properties, one of the major criteria is location in the meaning of access to good public transportation system.
        

Social example 1, description [OPTIONAL]

          As the properties are new a state of the art air quality system has been put in place.
        

Social example 2, description [OPTIONAL]

          We conduct occupier satisfaction queries on a regular basis. In case of negative issues, actions will be taken.
        

Social example 3, description [OPTIONAL]

          At the beginning of a project, we ask the builder to provide a recycling plan for the project. When the project has been finished, we ask the builder to provide figures of waste generated.
        

Governance example 1, description

          We conduct a counterparty analysis when selecting project partners. As part of the analysis, ESG issues are considered. Issues can be related for example to taxation and ownership structure. All of our counterparties are major Finnish or Swedish construction companies with long operating history and solid operating procedures as a majority of them are publicly listed companies.
        

Governance example 2, description

          
        

Governance example 3, description

          
        

04.4. Additional information. [Optional]


PR 05. Types of ESG information considered in investment selection (Private)


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.

Renewable energy creation potential is typically considered as an added benefit when doing investment calculations.


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