The following criteria are already taken into account when selecting an investment object:
(-) negative catalog:
- Real estate and property projects that are connected with the violation of human and labour rights
- real estate and real estate projects which are related to gambling and
be in pornography
- Real estate and real estate projects in connection with the promotion of fossil fuels (including gas stations and coal-fired power plants) and nuclear energy
- Real estate and real estate projects that are already contaminated (including contaminated land with contaminated sites, buildings with contaminated construction material (asbestos etc.))
(+) Positive list of criteria
Environmental
- Safety (natural hazards such as earthquake hazards, flooding)
- radiation / electrosmog / radon concentration
- Mobility offers (car sharing, bicycle offers)
- Waste from operations/use (composting, waste, recycling)
Social
- basic services (schools, childcare)
- Sufficient shopping facilities
- Accessibility/connection to public transport
- indoor air (solvent emissions, air pollution with nitrogen oxides and fine dust)
- Local recreation facilities
- Noise pollution
- Medical care/hospitals
EMPIRA also pursues other ESG criteria (post-investment) through its in-house asset management:
(+) Positive list of criteria
- Respectful treatment of tenants
- Design of efficient use and operation concepts to optimise the operating and maintenance costs of the properties under management (e.g. reduction of energy consumption of the properties)
- 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
- Ensuring basic services, especially in housing estates (childcare and education, purchase of everyday goods, etc.)
- Sustainable disposal and recycling