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PRI reporting framework 2020

Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]

Strategy and Governance

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]

Direct – Private Equity

Overview [PE 01 - 02] Fundraising of private equity funds [PE 03 - 04] Pre-investment (selection) [PE 05 - 08] Post-investment (monitoring) [PE 09 - 13] Outputs and outcomes [PE 14 - 15] Communication [PE 16]

Direct - Property

Overview [PR 01] Fundraising of property funds [PR 02 - 03] Pre-investment (selection) [PR 04 - 06] Selection, appointment and monitoring third-party property managers [PR 07] Overview [PR 08] Property monitoring and management [PR 09 - 10] Property developments and major renovations [PR 11] Occupier engagement [PR 12 - 13] Community engagement [PR 14] Outputs and outcomes [PR 15 - 16]

Direct - Infrastructure

Overview [INF 01 - 02] Fundraising of infrastructure funds [INF 03 - 04] Pre-Investment (Selection) [INF 05 - 09] Post-investment (monitoring and active ownership) [INF 11 - 16] Overview [INF 11] Infrastructure Monitoring and Operations [INF 12 - 14] Infrastructure Maintenance [INF 15] Stakeholder engagement [INF 16] Outputs and outcomes [INF 17 - 18] Communication [INF 19]

Confidence building measures

Confidence building measures [CM1 01 - 07]

Export Public Responses

You are in Direct - Property » Post-investment (monitoring and active ownership)

Post-investment (monitoring and active ownership)

Overview

PR 08. ESG issues in post-investment activities

08.1. Indicate if your organisation, and/or property managers, considers ESG issues in post-investment activities relating to your property assets.

Yes

08.2. Indicate whether your organisation, and/or property managers, considers ESG issues in the following post-investment activities relating to your property assets.

We consider ESG issues in property monitoring and management

We consider ESG issues in property developments and major renovations.

We consider ESG issues in property occupier engagements

We consider ESG issues in community engagements related to our properties

We consider ESG issues in other post-investment activities, specify

08.3. Describe how your organisation, and/or property managers, considers ESG issues in post-investment activities related to your property assets.

Our Real Estate organisation mainly has a focus on environmental issues and energy efficiency, which implies improvements in energy or water efficiency, applying for environmental certificates (and improving the property to be feasible for such standards), making technical improvements e.g. upgrades of technical installations, removing hazardous materials such as asbestos, engaging with the communities in relation to zoning (e.g. relating public transport, change of use of the properties etc.), verifying that all mandatory inspections and documents are completed and up to date and other similar measures are typically a part of the value creation agenda.

Property monitoring and management

PR 09. Proportion of assets with ESG targets that were set and monitored

09.1. Indicate the proportion of property assets for which your organisation, and/or property managers, set and monitored ESG targets (KPIs or similar) during the reporting year.

>90% of property assets

51-90% of property assets

10-50% of property assets

<10% of property assets

(in terms of number of property assets)

09.2. Indicate which ESG targets your organisation and/or property managers typically set and monitor

Environmental

Target/KPI

Progress Achieved

          Energy consumption

          Green energy

          Indoor climate and building material

          Not followed on consolidated level, but for individual properties. For many assets a key component in improving profitability

          Investigations on the opportunity to install for example solar panels.

          Monitoring a healthy indoor climate for users of the property as well as routines to identify and treat any hazardous building material that may exist

Social

Target/KPI

Progress Achieved

          Health and safety

          Accessibility

          Includes to verify that site and property has documented and up to date health and safety protocols including fire documentation and completed mandatory inspection protocols

          To make sure the property corresponds to regulations and enable full access for disabled people.

Governance

We do not set and/or monitor against targets

09.3. Additional information. [Optional]

In addition to energy consumption, which is followed for practically all properties (but not on a consolidated basis across the portfolio), there are other ESG metrics that may be followed for individual properties depending on the case characteristics. These may involve e.g. water consumption, waste management, hazardous materials, indoor air quality, accessibility, and so on.

PR 10. Certification schemes, ratings and benchmarks

10.1. Indicate whether your property assets are assessed against certification schemes, ratings and/or benchmarks

Yes

10.2. List the certification schemes, ratings and/or benchmarks your property assets are assessed against and what proportion of your property assets they apply to.

Add certification scheme, rating and benchmark 1

Specify	LEED
Proportion of property assets these apply to	>90% of property assets 51-90% of property assets 10-50% of property assets <10% of property assets (in terms of number of property assets)

Add certification scheme, rating and benchmark 2

Add certification scheme, rating and benchmark 3

10.3. Indicate if your organisation uses property specific reporting standards to disclose information related to your property investments’ ESG performance.

Global Reporting Initiative (GRI) Construction & Real Estate Sector Supplement (CRESS)

Other property reporting standards, specify

No property specific reporting standards are used

10.4. Additional information.

Property developments and major renovations

PR 11. Proportion of developments and refurbishments where ESG issues were considered

11.1. Indicate the proportion of active property developments and major renovations where ESG issues have been considered.

>90% of active developments and major renovations

51-90% of active developments and major renovations

10-50% of active developments and major renovations

<10% of active developments and major renovations

N/A, no developments and major renovations of property assets are active

(by number of active property developments and refurbishments)

11.2. Indicate if the following ESG considerations are typically implemented and monitored in your property developments and major renovations.

Environmental site selection requirements

Environmental site development requirements

Sustainable construction materials

Water efficiency requirements

Energy efficiency requirements

Energy generation from on-site renewable sources

Waste management plans at sites

Health and safety management systems at sites

Health and wellbeing of residents

Construction contractors comply with sustainability guidelines

Resilient building design and orientation

Other, specify

          See below

11.3. Additional information. [Optional]

Developments made for example in shopping centre and hotel projects that have later been environmentally certified by USGBC (LEED). Other developments also include office projects/conversions where significant energy savings have been achieved.

Occupier engagement

PR 12. Proportion of property occupiers that were engaged with

12.1. Indicate the proportion of property occupiers your organisation, and/or your property managers, engaged with on ESG issues during the reporting year.

>90% of occupiers

50-90% of occupiers

10-50% of occupiers

<10% of occupiers

(in terms of number of occupiers)

12.2. Indicate if the following practises and areas are typically part of your, and/or your property managers’, occupier engagements.

Distribute a sustainability guide to occupiers

Organise occupier events focused on increasing sustainability awareness

Deliver training on energy and water efficiency

Deliver training on waste minimisation

Provide feedback on energy and water consumption and/or waste generation

Provide feedback on waste generation

Carry out occupier satisfaction surveys

Health and wellbeing of residents

Offer green leases

Other, specify

12.3. Additional information. [Optional]

PR 13. Proportion of green leases or MOUs referencing ESG issues

13.1. Indicate the proportion of all leases signed during the reporting year that used green leases or the proportion of Memoranda of Understandings (MoUs) with reference to ESG issues.

>90% of leases or MoUs

50-90% of leases or MoUs

10-50% of leases or MoUs

<10% of leases or MoUs

0% of leases or MoUs

N/A, no leases or MoUs were signed during the reporting year

(in terms of number of leases or MoUs)

13.2. Additional information.

Based on request we offer green leases to any tenant. However, this has not been requested to any larger extent during the last year. We have for a smaller number of tenants, mainly public tenants, included a Green Appendix to the leases.

Community engagement

PR 14. Proportion of assets engaged with on community issues

14.1. Indicate what proportion of property assets your organisation, and/or your property managers, engaged with the community on ESG issues during the reporting year.

>90% of property assets

50-90% of property assets

10-50% of property assets

<10% of property assets

(in terms of number of property assets)

14.2. Indicate if the following areas and activities are typically part of your, and/or your property managers’, community engagement.

ESG education programmes for the community

ESG enhancement programmes for public spaces

Research and networking activities focusing on ESG issues

Employment creation in communities

Supporting charities and community groups

Other, specify

14.3. Additional information.

The community engagement has a wide variety, but in relation to a number of investments we have also committed to the community development and engagement. For example,

we have in one of our shopping centres selected an energy service provider that invests part of the revenue to improve the water quality of the Baltic Sea.
Another example is that we as one of the landlord in a business area invests in the local road network to improve communications and accessibility.
In another property, subject for a major refurbishment, we have had extensive discussions with the local authorities to bring back old historical values and design of the building that has during the last decades deteriorated.
In another property located in a an area with some socioeconomic challenges we have together with a number of other local landlords formed a working group which aims to improve the area as a whole and situation for particularly weaker socioeconomic groups.

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