Sustainable actions renders results
Sustainability is part of our strategy from day one. Our well-developed sustainability plans create a map for us to implement actions that directly benefit our real estate and the environment.
Sustainability is a part of our strategy because it is the key to making better buildings. We believe there is a clear link between delivering top performance and having a focus on sustainability. We can proudly say that we are following the 10 principles contained in the UN Global Compact to constantly reduce our environmental impact. Please read more about our sustainability efforts in our Sustainability Report or in our Sustainability Approach.
Sustainability statement in accordance with the Disclosure Regulation
Niam includes evaluation of sustainability risk in its investment decision-making process in accordance with its policies on management of sustainability risks. The risk categories considered in the due diligence process would include but not be limited to the following categories Energy Management, Water and wastewater management, Waste & Hazardous Materials Management, Ecological Impacts, Physical Impacts of Climate Change, Human rights & Community Relations, Customer welfare, Employee Health & Safety, Labor Practices, Anti-corruption and Anti-bribery.
Niam´s first priority is always to monitor and observe any categories with a minimum standard required by local law, internal policies or international standards. For other categories, or for categories where the required minimum standard is already met, Niam will focus on indicators and factors relevant for the specific type of investment and the geography of the investment.
The business of Niam is to, through its managed funds operate, develop and manage real estate assets and given the company´s expertise within the real estate area, the emphasis and focus will generally be on indicators, actions and development clearly linked to the real estate assets themselves, unless the specific investments will require other categories to be prioritized.
No consideration of sustainability adverse impacts
We do not consider principal adverse impacts of investment decisions on sustainability factors in our investment decisions.
For the consideration of such impacts, we are reliant on regulatory technical standards and non-financial information. We are of the opinion that the latter is currently not available in a satisfactory quantity and quality to adequately monitor the adverse impacts of our investment decisions. Nevertheless, we will continue to report on our sustainability activities as prescribed by several international organizations (see below).
We are not planning to consider principal adverse impact in our investment decisions over the next year. We will continue to closely monitor the evolution of the regulatory landscape in relation to consideration of adverse impacts on sustainability factors.
Niam itself or on behalf of its funds, is a signatory to and observes the following international standards for responsible investments, due diligence and reporting:
- Signatory to the UN Global Compact
- Signatory to the UN Principles of Responsible Investment
- ISO 14001 Certified
- Participant member in GRESB
Transparency of remuneration policies
Niam includes sustainability risk in its general remuneration policy framework applicable to all employees of the firm. The policies reflect Niam’s objectives for good corporate governance as well as sustained and long-term value creation for both its shareholders and its investors and aims to ensure a sound and effective risk management through i.e. setting goals and communicating these goals to employees, including both financial and non-financial goals in performance and result assessments, have a sound balance between fixed and non-fixed salaries and preventing undue risk-taking. Sustainability risk is incorporated in the investment policies and processes of Niam and will be considered when evaluating any quantitative or qualitative criteria set for remuneration of individual employees.