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PRI reporting framework 2020

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Selection, appointment and monitoring third-party property managers

PR 07. ESG issues in selection, appointment and monitoring of third-party property managers

07.1. Indicate if your organisation includes ESG issues in your selection, appointment and/or monitoring of third-party property managers.

07.3. Provide a brief description of your organisations selection, appointment and monitoring of third party property managers and how they contribute to the management of ESG issues for your property investments.

Empira worked across the board with property managers whose services and qualities have been proven over several years of cooperation. The very close cooperation between the external property manager and our in-house asset management ensures that our ESG criterias can be met or controlled by EMPIRA at any time. Our main concern, and consequently our highest criterion for the property manager, is to treat the tenant with respect and to show the highest level of professionalism towards the tenant.  
Through regular exchange between our in-house asset management and the property manager, the following value-adding criteria are discussed and assessed: 

- Design of efficient usage and operating concepts to optimise the operating and maintenance costs of the properties under management (e.g. reduction of the properties' energy consumption)
- Implementation of strategic construction measures for a targeted increase in efficiency in order to reduce energy costs for properties and to increase the comfort of tenants
- Optimisation of the properties in terms of mobility, including environmentally friendly logistics (e.g. car sharing, electrical connections for electric vehicles)
- Reduction of emissions from the properties
- Rental pricing not only oriented to the market situation but also to the affordability of the local population
- Sustainable disposal and recycling

EMPIRA is committed to maintaining and further developing this close cooperation between in-house asset management and external property management, so that EMPIRA can have the greatest possible influence on quality. This enables EMPIRA to control and continuously improve performance and quality for our tenants.