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Patrimonium Asset Management AG

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.

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.

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

          Installation of photovoltaic panel
        

Environmental example 2, description

          Connection to district heating system (heating without fuel oil)
        

Environmental example 3, description

          Inside renovations with sustainable materials (wood, paintings etc.)
        

Social example 1, description [OPTIONAL]

          Inter-generational mix in new development projects with senior home, apartments for families and crèche for a better social contact
        

Social example 2, description [OPTIONAL]

          Promoting allocation of large apartments to families with children
        

Social example 3, description [OPTIONAL]

          
        

Governance example 1, description

          Code of conduct to address conflicts of interests, anti-bribery and corruption measures are in place
        

Governance example 2, description

          
        

Governance example 3, description

          
        

04.4. Additional information. [Optional]


PR 05. Types of ESG information considered in investment selection (Private)


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.

As already mentioned in PR 04.2 and PR 05.2, we consider energy-saving possibilities and opportunities in order to lower the ancillary costs which creates value for our buildings due to a higher demand of the tenants. In the past we rejected investments because the acquisition price of a building was too high in comparison to the expected renovations in order to be profitable. In any case, we take ESG risks and opportunities into account when it comes to the term of the acquisition price. We consider other opportunities for value creation such as the acquisition of land with the possibility to build green quarters. Furthermore, we do not acquire land or buildings on contaminated sites.


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