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Veritas Pension Insurance Company Ltd

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.

Both in monitoring potential investments and in the Due Diligence process

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

          Good public communications, good energy efficiency

Environmental example 2, description

          It is always a part of the environmental Due Diligence.

Environmental example 3, description

          We examine the possibilities for renewable energy produced locally on the property ( i.e. solar panels, geothermic heating)

Social example 1, description [OPTIONAL]

          When investing in existing properties we look at historical data and the quality of buildings regarding this matter. When building new houses this i a part of  the planning progress

Social example 2, description [OPTIONAL]

          Investments in residential properties are mainly made so that rents are about average level .

Social example 3, description [OPTIONAL]


Governance example 1, description

          A simple and open structure. The properties are in Finland so called MREC limited companies.

Governance example 2, description

          Finnish laws and regulatory concerning properties. Regulations for Pension companies that affects property investment.

Governance example 3, description

          It is a part of the Due Diligence to ensure that there are no abnormal rights or something that differs from common praxis in the structure.

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.