As a real estate investment manager, a.s.r. real estate acknowledges its extensive responsibility in contributing to the liveability and sustainability of buildings, cities and the environment.
We have a strong focus on quality, believing that quality retains its value. On behalf of our clients we therefore invest continuously in maintenance, good-quality materials and sustainability of buildings and promote sustainable land use. By doing so we aim to have a positive impact on the built environment, rural areas, biodiversity and energy transition – for now, and for future generations.
In this statement we explain our approach to sustainability and how we have embedded sustainability in our strategy and in our investment decisions and thus adhere to the EU Sustainable Finance Disclosure Regulation (SFDR).
a.s.r. real estate as AIF Manager
a.s.r. real estate is an AIF Manager under the AIFMD for the following funds:
• ASR Dutch Prime Retail Fund (ASR DPRF)
• ASR Dutch Core Residential Fund (ASR DCRF)
• ASR Dutch Mobility Office Fund (ASR DMOF)
• ASR Dutch Science Park Fund (ASR DSPF)
• ASR Dutch Farmland Fund (ASR DFLF)
• ASR Property Fund (ASR PF)
We provide asset management, property management and fund management for these funds and for ASR Nederland N.V. The department Investment Partners of a.s.r. real estate also manages separate mandates for external clients.
All funds managed by a.s.r. real estate qualify in accordance with Article 8 of the SFDR. That means they promote, among other characteristics, environmental or social characteristics, or a combination of those characteristics. Contrary to the other funds mentioned, the asset management of the ASR Property Fund portfolio is outsourced. The CSR objectives of the ASR Property Fund, among other objectives, are part of the selection and evaluation process of the external asset manager(s). The specific information relevant to Article 8 is set out in the SFDR statements of the respective funds, these can be found here.
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.
a.s.r. real estate has drawn up its own Corporate Social Responsibility (CSR) policy, in addition to the group-wide sustainability policy. This CSR policy comprises criteria, standards and procedures on different ESG topics and aims to control and mitigate sustainability risks that could have an actual or potential material negative impact on the environment and the value of the investments.
Additionally, all funds managed by a.s.r. real estate have their own CSR policy, in line with the a.s.r. real estate CSR policy and the group-wide sustainability policy, which sets out its specific sustainability objectives. These policies are also published on the website of a.s.r. real estate. The CSR objectives are evaluated yearly in our CSR annual reports. The CSR policies are updated every year.
a.s.r. real estate’s vision of CSR is to accommodate the interests of tenants and investors in the best possible way by creating and maintaining assets, on behalf of its clients, that have long-term value from both a financial and a social perspective, and to achieve this in a sound and responsible manner with engaged and aware partners and employees. To work towards these goals, a.s.r. real estate develops a strategic CSR policy around four themes each year:
- Planet: Contribution to environment and society
- Property: Sustainable portfolio
- Partners: Sustainable partners in long-term relationships
- People: Sound business practices and healthy and satisfied employees
While each “P” focuses on a specific aspect of CSR, all four aspects must work in tandem to achieve our vision. Each theme has its own strategic objectives, which will be reported on to provide insight into progress made. The most important ESG impacts are taken into account by following and monitoring the CSR policy.
The following strategic objectives are taken into account in the management of the portfolio: