Climate Change Data

Doric Group

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Environment
  • Social
  • Corporate Governance

Environmental Achievements

  • Installation of wall-mounted charging stations for electric and hybrid vehicles
  • Participation in tree planting campaigns
  • Expansion of bicycle parking spaces
  • Optimized waste separation
  • Expansion of renewable energy business
  • Addition of further electric cars to our fleet
  • Development of open-ended mutual funds in the field of renewable energy
  • Expansion of portfolio to include sustainability services for properties
  • Completion of sustainable project development in Germany
  • Implementation of the Carbon Risk Real Estate Monitor (CRREM) for all open-ended property funds
  • Construction of beehives and insect hotels at fund properties
  • Use of external applications to improve measuring consumption values at the properties
  • Budgeting of sustainability measures when purchasing properties
  • Digital analysis of CO2 emissions for all properties held by sustainable funds
  • Catalogue of measures in collaboration with an external sustainability consultant to optimise funds' sustainability
  • Inventory of CO2 consumption and optimization of cooling, heating and ventilation parameters in fund properties
  • Purchase of a sustainable property in Germany
  • Completion of a sustainable project development in Germany

Social Achievements

  • Participation in a health day for all employees
  • Award from the City of Offenbach as a "Family-friendly Company 2023"
  • Introduction of extra vacation for employees' birthdays
  • Introduction of job application training for pupils at local schools
  • Continuation of bike leasing programme
  • Access to the digital platform voiio with a wide range of offerings to support employees' working and private life
  • Participation in the 2023 Christmas parcel convoy
  • Support for the Offenbach Art Association
  • Company events to optimise communication
  • Optimisation of the onboarding process including Welcome Days for new employees
  • Implementation of an employee recruitment programme
  • New management workshops and a junior staff development programme
  • Continuation of the corporate benefits programme
  • Institutionalised exchange with investors
  • Purchase of property in Germany for social infrastructure fund

Governance Achievements

  • Submission of UN Global Compact Communication on Progress (CoP)
  • Enrolment in the federal impact investing initiative (BIII)
  • Further sustainability development of the corporate group as proposed by our ESG managers
  • Application of sponsorship and donation guidelines
  • Regular employee appraisals
  • Full BVI membership with employees' active participation in committees
  • Implementation of mandatory training (including compliance) via e-learning
  • Update of Scope ESG rating for open-ended mutual fund Sustainable Europe
  • Joint venture project work for the development of solar parks
  • Close cooperation with external sustainability consultant
  • Regular sustainability analyses of open-ended funds
  • Avoidance of reputational risks by excluding tenants from certain areas
  • Publication of expert articles on the topic of ESG
  • Successful legal action to avert a reduction in the feed-in tariff for photovoltaic systems in France

Climate Goals & Targets

Short-term Goals:
  • Implementation of measures to further reduce our CO2 footprint
  • Resource consumption recording for energy, waste, water and paper in coordination with the landlord
  • Participation in local environmental campaigns (e.g. tree planting campaign)
  • Expansion of further training programme
  • Continuation of in-house sports activities
  • Expansion of health management programme
  • Implementation of team-building measures
  • Continuation of management training programmes
  • Support for local social projects
  • Exclusion of business partners associated with child and forced labour
  • Revision of the Doric Group ESG policy
  • Launch of open-ended renewable energy funds
  • Implementation of new renewable energy projects
  • Continuation of CO2 reduction pathways for open-ended real estate funds
  • Implementation of requirements under EU Sustainable Finance Disclosure and Taxonomy Regulation
  • Digital evaluation of the consumption of all buildings of the open-ended real estate funds to calculate the CO2 emissions and to identify potential energy saving opportunities
  • Further purchase of sustainable real estate
  • Feasibility study on the production of Sustainable Aviation Fuel (SAF) at the plant site of our bioenergy park in Mecklenburg-Western Pomerania
  • Increased business activities in the field of renewable energy
  • Active asset management with direct tenant contact to optimise sustainability
  • Continued cooperation with the external sustainability consultant Sustainable Real Estate AG
  • Development of solar parks with joint venture partner
  • Optimization of real assets under management in the transportation sector with regard to sustainability
  • Adaption of asset management agreements and investment policy for aircraft/airlines with ESG elements

Supply Chain Management

Responsible Procurement
  • Orders placed with external product suppliers are CO2-neutral wherever possible.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Sustainable Development Goals (SDGs), Principles for Responsible Investment (PRI), EU Sustainable Finance Disclosure Regulation, EU Taxonomy Regulation

Sustainable Products & Innovation

  • Open-ended renewable energy funds
  • Sustainable real estate funds

Awards & Recognition

  • Award from the City of Offenbach as a "Family-friendly Company 2023"