Bouwinvest Real Estate investors B.V.

Climate Impact & Sustainability Data (2023, 2024-2026)

Commitment to becoming Paris Proof before 2045 (CO2-neutral energy consumption)
Use of internationally accepted sustainability certificates (BREEAM, LEED, GPR Building) to measure and assess sustainability of buildings and portfolios
Focus on lowering environmental impact beyond energy use, including materials, water, waste and biodiversity

Focus on making real estate available for different social groups, especially those with greatest need
Engagement with local communities in major projects
Commitment to conducting business in a caring and accountable manner

Long-term Goals:

Meeting the goals of the Paris Climate Agreement by 2045
Reducing the overall environmental impact of its portfolio
Managing ESG risks (physical climate risk, transition risk, other environmental risks, social risks, and governance risks)

Establishment of a Paris Proof program with fund-specific roadmaps
Use of internationally accepted sustainability certificates and benchmarking against peers (GRESB)
Development of an ESG risk methodology and systematic approach to address ESG risks
Implementation of mitigation measures throughout portfolios and additional measures if risks increase or are not sufficiently managed

Frameworks Used: GRI Standards Core

Investments contribute to UN Sustainable Development Goals 3, 7, 8, 11, and 13

Social Responsibility Alliance launched by DGBC, together with the Urban Land Institute, the Impact Institute and many participants from the sector.

Long-term Goals:

From 2050, all real estate will have to meet the Paris Proof level (maximum of 70 kilowatt hours of energy per square metre per year)

High inflation limiting consumer spending
Weakening producer confidence and industrial output decrease
Collapse of the Dutch government negatively impacting sentiment
High interest rates impacting real estate investment market
Uncertainty about the future bringing the real estate investment market to a standstill
Housing shortage
Rising construction costs
Increasing regulation
Nitrogen emission problems
Long procedures for new-build projects
Limited expansion options in the electricity infrastructure
High construction costs and sustainability requirements in the retail sector
Building limitations posed by the nitrogen crisis
Congested power grid hindering completion of new projects
High construction costs and sustainability requirements in the hotel sector
Need to curb emissions of nitrogen oxides
Rising costs for personnel, energy, food, transport, rent and maintenance for hotels
Lower income from government funding of accommodation
Structural personnel shortages in the healthcare sector
Rising costs of elderly healthcare

Incorporating embodied carbon and circularity criteria in investment decisions
Push on innovation, collaboration, and transparency in the real estate sector
Standardisation for assessing climate-related risks
Collaboration between government entities, real estate investors and the scientific community
Initiatives to make social impact in real estate more tangible and measurable
Rent reduction in the social rental market to provide affordable housing
Investing in sustainability in the office market to lower vacancy and increase rents
Purchase of (upgraded) existing offices that can be made Paris Proof
Municipalities changing the destination of retail units to non-shopping destinations
Municipalities merging retail plinths to create more attractive retail floor areas
Retailers improving the footprint of their product range and actively looking at sustainability and energy consumption
Retailers charging money for returning items purchased online
Investors including costs required to make properties Paris Proof in the acquisition process
Sale-and-leaseback transactions in the healthcare sector to create more financial headroom for care operators
Cooperation between healthcare players and investors