a.s.r. real estate

CSR - ASR Dutch Core Residential Fund

undefinedThe primary aim of the ASR Dutch Core Residential Fund’s CSR policy is sound asset management. To this end, the fund aims to facilitate the interests of tenants and investors as best as possible by creating homes that have long-term value from both a financial and a social perspective. To tenants, the attraction of sustainable homes are the lower energy costs and a healthy indoor climate. To investors, sustainable homes are attractive thanks to the creation of value in the longer term and hence a risk reduction. Sustainability properties ensure continuity and stability. And, last but not least, sustainable homes place less of a burden on the environment.

Our CSR policy is based on four key pillars, the four Ps: Property, People, Partners and Planet. This means that, in our efforts to achieve a sustainable property portfolio, we seek to build long-term relationships with sustainable partners. We are also looking to make an active contribution ourselves to society and the environment. For details on how we go about doing this, please refer to the CSR policy ASR DCRF 2019 - 2021Each P has a strategic objective. The CSR annual report describes the results of the strategic objectives.

GRESB Green Star


Every year, the Fund’s CSR performance is measured and explained in the GRESB benchmark. GRESB is an independent, scientifically based benchmark that assesses sustainability policies and their execution of real estate funds and portfolios worldwide. The Fund once again improved its score in 2018 to 80 points (out of 100 points), which is in increase of 8 points compared to 2017. Just like last year, the Fund obtained a four-star rating, scored above average and improved its place in the peer group from 9th to 7th (out of 13).

The outstanding improvement is mainly the result of the Fund’s continuing commitment to its large scale renovation projects. As an example, in 2017 the Fund renovated three large properties (389 dwellings) two of which have been in a.s.r. ownership since the 1970’s, from an energy label F/G to A. Besides these improvements, the Fund’s implementation of the new DGBC’s Green Building Certification Scheme for residential buildings significantly improved the score.

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Sustainable renovation of our residential portfolio

In recent years, significant steps have been made to improve the average Energy Index. In 2018, the Energy Iindex was reduced further from 1.40 to 1.30. In 2018, the addition to the portfolio of 263 new properties with an Energy Index of <1.20 (energy label A) had a positive effect on the average Energy Index of the Fund. Major steps have also been taken to improve the Fund’s existing portfolio. In 2016, 101 single-family properties were made ultra-sustainable.

In 2017, the sustainability of 49 single-family properties and 497 multi-family properties was enhanced to a better Energy Index. In 2018, another 198 multi-family properties were improved to a better Energy Index: 90 dwellings at Staalmeesterslaan, Amsterdam to an average index of 0.88 and 108 dwellings at Lamérislaan, Utrecht to an average Energy Index of 1.09.