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Pareto Alternative Investments AS

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.

Our funds have specific mandates regarding property types. Investment opportunities that fit within the mandates are evaluated using traditional financial metrics, as well as an ESG-analysis. This incorporates the use of an ESG DDQ to be completed by the relevant counterparts, which will often include both the seller of a property, the tenants, as well as the property managers. The investment team will consider the DDQ response and complete an ESG-analysis, which is presented to the relevant investment committees as part of the overall investment proposal. Due weight is given to specific risks, as well as potential opportunities that can provide value add to the investment proposal. Based on our climate strategy, we are currently putting more weight on long-term climate resilience, as well as the opportunities to make investments or modifications to the properties to enhance cash flows and underlying values.

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

          Energy efficiency is important to the tenants and good efficiency make properties more attractive. The potential to improve energy efficiency is given particular weight, as this can be a value-enhancing strategy for our investments.
        

Environmental example 2, description

          We are experiencing increased precipitation levels in Norway and flooding is becoming a real issue. The proximity to water is therefore an issue that is considered in the investment process.
        

Environmental example 3, description

          There is a strong focus in Norway on green transportation and it is becoming harder to get approval to develop or maintain car parks in connection with commercial properties. Proximity to public transport is therefore an important parameter.
        

Social example 1, description [OPTIONAL]

          Norway is subject to strict regulations regarding building safety. All properties are checked to make sure they are compliant and that there have been no issues uncovered in the past three years.
        

Social example 2, description [OPTIONAL]

          The provision of a safe work place is a requirement for all employers. We make sure that all our buildings are compliant and that there have been no issues uncovered in the past three years.
        

Social example 3, description [OPTIONAL]

          We are experiencing an increased focus from tenants on sustainability with more demands for energy efficient, "green" buildings with good ventilation, lower water usage and good waste treatment . Occupier satisfaction is an indication of whether our buildings are the satisfying changing preferences.
        

Governance example 1, description

          We require all counterparts to have an anti-bribery and anti-corruption policy
        

Governance example 2, description

          We encourage all counterparts to adopt a procedure to deal with conflicts of interest.
        

Governance example 3, description

          We require information whether counterparts have been involved in regulatory claims or issues with public authorities in the past three years.
        

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.


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