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Empira

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 course of a purchase examination, the investments are checked for the following negative criteria. 

- Real estate and property projects which are connected with violation of human and labour rights
- Real estate and property projects related to gambling and 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.))

EMPIRA has also defined other positive criteria for the transaction process. The catalogue of criteria is presented below: 

(+) Positive criteria catalogue
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

 

 

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

          
        

Environmental example 2, description

          
        

Environmental example 3, description

          
        

Social example 1, description [OPTIONAL]

          
        

Social example 2, description [OPTIONAL]

          
        

Social example 3, description [OPTIONAL]

          
        

Governance example 1, description

          
        

Governance example 2, description

          
        

Governance example 3, description

          
        

04.4. Additional information. [Optional]


PR 05. Types of ESG information considered in investment selection (Not Completed)


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.


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