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HAMBURG TEAM Investment Management GmbH

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

HAMBURG TEAM Investment Management GmbH is an owner-managed company and strategic partner of institutional investors with long-term objectives in the real estate industry. As part of the HAMBURG TEAM group founded in 1997, we have a comprehensive knowledge of the property and capital markets. For our investors, we pursue an end-to-end service approach stretching across the entire property cycle. Our goal is to generate an attractive risk/return profile and an above-average performance for our investors in due consideration of environmental, social, and corporate governance (ESG) factors.

We are aware of the importance of ESG criteria for sustainable development and assume the implied responsibility. We know that sustainability is of significant value – for us and for our investors as well as for the communities we invest in, for tenants, employees and our partners. Society, the environment and corporate governance are therefore fundamental factors in our investment strategy. These three elements will be core challenges for the stability of our future economy. We strive to continually improve our contributions overcoming these challenges by exceeding legal requirements and exercise our corporate social responsibility.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

Environment

  • We consider sustainability issues throughout our investment processes: in project and asset selection, pre-purchase due diligence, our asset management strategies and the choice of property managers.
  • Our construction and refurbishment projects as well as our maintenance measures take account of the environmental impact. It is our goal to continually improve the environmental footprint of properties together with our investors and business partners.
  • We seek to explore if properties qualify for certification (“green buildings”).
  • We take account of climate change risks in our investment decisions.
  • We ask our property managers to record and report consumption data. Our aim is to reduce the consumption of materials and energy and to minimise emissions and waste as much as possible. Therefore, we define targets for savings at individual property level and portfolio level.
  • We seek to gradually introduce green leases and/or ask our property managers to conclude such contracts.
  • We are committed to raise awareness of the environmental impact of our activities. We also strive to encourage our stakeholders to reduce their impact on the environment.
  • In order to create transparency and enhance industry standards, we provide information on our sustainability-oriented activities for investors, business partners and independent institutes.

Society

  • We recognise that our business has social obligations to our employees, partners and tenants. We also acknowledge that the execution of our business demands consideration of the communities and broader society in which we operate.
  • Residential properties acquired by HAMBURG TEAM Investment Management offer a mix of subsidised and privately financed housing. A substantial share of a fund’s purchasing volume is invested in subsidised and lower-priced housing. Our projects support the development of family-friendly, barrier-free and/or age-appropriate apartments with high energetic standards.
  • Fund concepts for the development and asset management of urban quarters are another focus of our business. Holistically managed urban quarter developments with a mixed use have a potential to revaluate a district and support the development of both new living and working concepts.
  • With every established new fund we financially support a social or ecological funding project chosen by our investors.
  • Our staff is our key to success. The physical and social well-being of our employees is ensured by a variety of measures such as professional training and personal development, ergonomic workplace design, flexible working models, sports activities or social company events and a healthy work climate.

Corporate Governance

  • The rules on governance, risk management and compliance that are adopted at HAMBURG TEAM Investment Management cover all relevant aspects of responsible conduct and are updated on a regular basis.
  • Professionalism, transparency and fairness towards our investors, business partners, tenants, employees and the public are the indispensable basis of our business practices. We conduct our business in the interest of our investors and feel obliged to the increase in asset value.
  • We are committed to the BVI rules of conduct. As a member of the CFA Institute and holder of the title Chartered Financial Analyst, our CEO is obligated to follow the institute’s ethical principles and guidelines.
  • Our employees’ recruitment and management is guided by sustainable principles. HAMBURG TEAM Investment Management invests in the personal development of employees by offering training opportunities to enhance skills and knowledge. Men and women with same qualification and position are paid equally.
  • A flat hierarchy, open communication, challenging projects and a healthy work-life-balance characterize our corporate culture.

ESG Implementation for Responsible Investments

  • The CEO has overarching responsibility for establishing, developing and monitoring our sustainable investment policies. The respective asset managers are responsible for implementing and managing the policy.
  • We publish our goals, measures, activities and progresses annually in our non-financial transparency report based on the UNPRI reporting tool.

Investment Exclusion Criteria

  • We set a clear sustainability limit for all our funds and completely avoid companies offering the following products and/or services: tobacco, alcohol, commercial gambling, pornography, fossil fuels (oil, gas, and coal), weapons, products associated with harmful health effects, clear negative environmental effects or animal testing.
  • Furthermore, we exclude companies violating the principles of the UN Global Compact in the areas of human rights, labour, environment and anti-corruption.

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk

01.6 CC. Indicate whether your organisation has identified transition and physical climate-related risks and opportunities and factored this into the investment strategies and products, within the organisation’s investment time horizon.

Describe the identified transition and physical climate-related risks and opportunities and how they have been factored into the investment strategies/products.

Pre-purchase due diligence and (re)-evaluation of properties including regular property inspections comprise risk assessment and SWOT analysis regarding physical climate-related risks and opportunities. Risk areas and probabilities of weather-related damages (e.g. storms, floods) are factored in on the basis of research studies. Funds mainly invest in new buildings with high energetic standards and modern energy concepts.

01.7 CC. Indicate whether the organisation has assessed the likelihood and impact of these climate risks?

Describe the associated timescales linked to these risks and opportunities.

The investment timescale for our funds' properties lies between 10 and 15 years. Climate risks and opportunities are, to the extent available, taken into account for the whole investment period and disinvestment phase.  

01.8 CC. Indicate whether the organisation publicly supports the TCFD?

Explain the rationale

Support has not been taken into consideration yet.

01.9 CC. Indicate whether there is an organisation-wide strategy in place to identify and manage material climate-related risks and opportunities.

Describe

Pre-purchase due diligence and (re)-evaluation of properties including regular property inspections comprise risk assessment and SWOT analysis regarding physical climate-related risks and opportunities. Risk areas and probabilities of weather-related damages (e.g. storms, floods) are factored in on the basis of research studies. Funds mainly invest in new buildings with high energetic standards and modern energy concepts.

1.10 CC. Indicate the documents and/or communications the organisation uses to publish TCFD disclosures.


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Additional information [Optional].

It was technically not possible to attach documents to SG 02.1. Please refer to file attachment under SG 02.2.


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

In general, no directly competing fund products with similar investment strategies are initiated in order to avoid potential conflicts of interest in property investment processes.

Furthermore, there is an investment committee consisting of specialists from different departments (investment, project development, research, treasury, engineering, sales and external consultants, if necessary) who evaluate and allocate the property in order to prevent conflicts of interest.

Employees benefit from the company's overall success, regardless of their position within the organisation. As a result, conflicts of interest between areas of responsibilities and fund mandates are avoided.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios

04.1. Indicate if your organisation has a process for identifying and managing incidents that occur within investee entities.

04.2. Describe your process on managing incidents

Up to now, no incidents of relevance had to be responded to. We have a zero-tolerance-policy for business partners and/or associates breaking the law. Deliberate actions not consistent with our regulations lead to a termination of cooperation.

We pursue an open communication policy with our investors. In case of incidents they would be informed adequately.


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