Climate Change Data

Environmental Metrics

ESG Focus Areas

• Long-term economic performance
• Anti-corruption
• Business integrity
• Transparency and communication
• Tenant health and safety
• Liveability of cities
• Green building/Green portfolio

Environmental Achievements

• 71% of properties have an Energy Performance Certificate (EPC)
• 32% of EPC labels have a score between A+ and C
• 100% of CO2 emissions from all Vastned offices offset
• All common areas in the Dutch portfolio supplied with green energy since 2016
• 82% of leases concluded in 2017 for core city assets contained a green clause
• Energy saving program in collaboration with Climate Neutral Group involving 20 retailers

Social Achievements

• 14 apartments created or renovated in 2017
• 70% of employees used one extra day off for volunteer work
• Vastned provides organic lunch and pays 50% of gym subscriptions for employees
• Two students had an educational internship in 2017

Governance Achievements

• Compliance with all principles and best-practice provisions of the Dutch Corporate Governance Code
• 2017 annual report awarded Gold Medal Award by EPRA
• Strong progress in the Transparency Benchmark, achieving the top real estate company ranking

Climate Goals & Targets

Environmental Challenges

• Separation movement in Catalonia impacting Barcelona ambitions
• Populism in some markets impacting stability
• High global debt levels posing risks when interest rates normalize
• Many retailers still struggling in a changing market
• Limited supply and increased demand for core city assets

Mitigation Strategies

• Careful acquisition policy, prioritizing value addition
• Conservative and risk-averse financing strategy
• Active portfolio management and optimization
• Focus on retailers with strong online presence and customer service
• Expanding food & beverage properties in portfolio

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Using sustainable and recycled materials in renovations

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: Null

Third-party Assurance: Ernst & Young Accountants LLP

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• EPRA BPR Gold Award (seven times)
• EPRA sBPR Most Improved Company Award

Environmental Metrics

ESG Focus Areas

• Energy efficiency
• Preservation of historical city centers
• Climate change mitigation
• Social responsibility
• Governance

Environmental Achievements

• Vastned fully compensates its CO2 emissions generated by the operational side since 2012.
• Awarded EPRA BPR Gold Award for sustainability reporting for 4 consecutive years.

Social Achievements

• Creation and renovation of apartments in historical city centers, enhancing livability and safety.
• Diversity policy aiming for at least 30% women and 30% men in Executive Board, Supervisory Board, and Management Team.

Governance Achievements

• Developed a Green Finance Framework aligned with Green Bond Principles and Green Loan Principles.
• Established a Green Finance Committee to oversee the framework's implementation.

Climate Goals & Targets

Environmental Challenges

• Improving energy efficiency of its portfolio
• Managing the impact of its real estate assets on the environment

Mitigation Strategies

• Investing in energy-efficient assets and renovations (at least 30% primary energy demand savings)
• Including green and ethical clauses in new leases
• Monitoring EPC labels of assets and supporting energy-saving programs

Supply Chain Management

Responsible Procurement

• Green and ethical clauses in new leases

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Green Bond Principles (ICMA, 2018), Green Loan Principles (LMA/APLMA, 2020), Sustainability-Linked Bond Principles (ICMA, 2020), Sustainability-Linked Loan Principles (LMA, 2020), EU Taxonomy

Third-party Assurance: Sustainalytics (Second Party Opinion)

UN Sustainable Development Goals

• SDG 5
• SDG 7
• SDG 8
• SDG 11
• SDG 12
• SDG 16

Vastned's Green Finance Framework contributes to these SDGs through energy-efficient real estate and social responsibility initiatives.

Awards & Recognition

• EPRA BPR Gold Award

Environmental Metrics

ESG Focus Areas

• Green Buildings
• Energy Efficiency

Environmental Achievements

• 100% of proceeds from a EUR 40 million green revolving credit facility allocated to eligible assets that met energy efficiency criteria (EPC ratings).

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities