Before buying a building/ or a construction project, our organisation controls if it responds to Minergie standards for new construction; If the building is equipped by photovoltaic installations, renewable energy heating system, double or triple glazed windows; If the building is not situated on a contaminated site; If the building requires asbestos remediation
Should there be major environmental exposures or other risks (e.g. building in a bad shape, too much renovations needed, building on a contaminated site, other exposures for inhabitants) we will not acquire a building.
Furthermore we are only acquiring buildings near to urban centers in order to be close to work places and public transportation (reduction of ecological footprint).
Should we identify any major environmental or other ESG risks but nevertheless decide to invest in a certain building, the risk will be taken into account in the acquisition price and we will agree on an price reduction with the buyer, as we will invest more in renovations to reach ESG criteria developed in our charter.