ESG real estate strategy
As asset managers, we assume a large responsibility for advancing sustainable development in the real estate market.
We work closely with our investors to identify initiatives and implement new practices that can contribute to our shared goal of creating a more sustainable future.
At DEAS Asset Management, we are dedicated to maintaining values and securing responsible financial growth by addressing our concerns for the future today.
We believe that a systematic and informed approach to identifying and managing ESG issues across a real estate portfolio will protect, and can significantly enhance, investment value.
Employing agile measurement tools to gauge a property’s resource usage, combined with performance objectives, helps us reduce the impact of our sector on the climate and the environment.
Our strategy is linked to the UN Sustainable Development Goals on Sustainable Cities and Communities and Decent Work and Economic Growth.
We have selected four areas of change to focus our efforts and actively participate in the sustainable development of the Nordic commercial real estate market:
Climate and the environment
Requirements for governance, engagement and transparency
The DEAS ESG Working Group coordinates the Group's ESG efforts, with the DEAS Investment Board providing oversight. Overall, our ESG goals can be divided into three major areas:
Managing risks: Addressing ESG risk factors in all investment activities, including deal sourcing, acquisitions, management and the sale of real estate assets. We believe appropriate management of ESG risks will enhance risk-adjusted returns for our clients.
Capturing opportunities: Developing tools and procedures that allow our teams to focus on identifying opportunities to improve ESG aspects of our portfolios and create long-term value for clients. All assets considered for acquisition are screened to identify ESG potential and risks and undergo a stringent due diligence process.
Long-term targets: Setting long-term ESG targets together with our clients to provide clarity on direction and linking these targets with investment performance goals.
Sharing of knowledge: We are developing our collective knowledge by strongly focusing on sharing of knowledge, skills and insights on relevant ESG factors across all functions.
ESG is a team responsibility: We have dedicated resources for ESG and specialist skills within related topics, but the entire team shares the responsibility. ESG is included in role descriptions and is becoming an important part of performance management.
Connect with clients and industry: Actively participating in tackling ESG challenges through collaboration with clients and industry partners and teaming up with external experts.
Governance: Our formal governance structures and policies to ensure our portfolios are managed align with the Group and product ESG strategy.
Transparency: Transparency is high on our agenda and we frequently communicate our ESG strategy and performance to our stakeholders in detail.
Stakeholder engagement: We ensure that our products and solutions are aligned with our clients and tenants' goals by prioritising ESG in our collaboration with them.