a.s.r. real estate invests for institutional investors in new energy sources, farmland and great places to live, work and shop. As sustainable as can be.
Sustainability disclosure policies
In this statement, we provide information on conduct regarding the integration of sustainability risks into our investment decision process as referred to in Article 3 of the Sustainable Finance Disclosure Regulation EU Regulation 2019/2088 or "SFDR"). In addition, we refer to the specific product information on environmental and social features and sustainable investments within the meaning of Articles 8 and 9 of the SFDR. More sustainability information relating to a.s.r. real estate can be found in the annual report (https://asrrealestate.nl/nieuws-en-publicaties/esg-jaarverslagen/esg-jaarverslag-asr-real-estate-2022).
a.s.r. real estate as an alternative investment fund manager
a.s.r. real estate is an alternative investment fund manager within the meaning of the AIFMD and acts as manager for the following funds:
All funds (financial products) managed by a.s.r. real estate qualify as an article 8 product (promotion of ecological or social features) as referred to in the SFDR. Among other things, the various funds mentioned above promote ecological or social features, a combination thereof or have a sustainable investment objective.
The asset management of ASR Property Fund's portfolio, unlike the other funds mentioned above, is outsourced. ASR Property Fund's ESG objectives are part of the selection and evaluation process of the external asset managers. A more detailed description of the sustainability characteristics of the various funds are detailed in the sustainability statements of the funds managed by a.s.r. real estate, can be found here.
- 29 december 2023 -
a.s.r. real estate is part of the a.s.r. group headed by ASR Nederland N.V. ASR Nederland N.V. has group-wide sustainability, remuneration, tax and procurement policies. a.s.r. real estate applies these policies also with a view to sustainable business operations. The remuneration policy https://www.asrnl.com/about-asr/governance-and-organization/policy-and-guidelines/remuneration-policy sets out how this policy is aligned with the integration of sustainability risks policy. For more information on the Sustainability Policy of a.s.r. group please see https://www.asrnl.com/about-asr/sustainable-business.
The ESG policy of a.s.r. real estate (https://en.asrrealestate.nl/news-and-publications/mvo-beleidsstukken/esg-policy-asr-real-estate-2023-2025) includes criteria, standards and procedures and aims to manage and mitigate sustainability risks that could have (potential) material negative impact on the environment and the value of investments. The current ESG objectives of a.s.r. real estate can be found on page 6 of the above ESG policy.
All funds managed by a.s.r. real estate have their own Impact or ESG policy, in line with the ESG policy of a.s.r. real estate and the group-wide sustainability policy. These set out the specific sustainability objectives for each fund. The ESG policies per fund can be found here https://en.asrrealestate.nl/news-and-publications?verslagvormen=ESG+policy.
- 29 december 2023 -
As an integral part of a.s.r. real estate’s strategy, all activities must comply with our ESG policy and the ESG policy of the specific Fund. All material investment/divestment proposals are discussed in the Investment Committee of a.s.r. real estate, which includes the statutory board of a.s.r. real estate and managing directors of its business lines, supported by an independent analysis by legal, tax, research, compliance and risk officers. Above a certain threshold value specified in the individual fund governance, investment/divestment proposals will be submitted to the Investment Committee of the funds for approval.
The main sustainability risks for the sustainability targets will be monitored in accordance with the other fund objectives by an integrated risk management system based on a risk control matrix and enterprise risk management.
In accordance with Article 4 paragraph 1 a of the SFDR, a.s.r. real estate declares to consider the main adverse effects on sustainability factors in its investment decisions. a.s.r. real estate contributes to various environmental and social characteristics. Adverse effects on sustainability are considered in due diligence and investment decision procedures, but also through exclusions in case of insufficient sustainability labelling and certifications.