Five stars for Mandatum’s real estate fund in GRESB assessment
Press release, 11 October 2024 at 10:00 a.m. EEST
The special common fund Mandatum AM Finland Properties II, managed by Mandatum, boosted its ranking and received five stars in the Global Real Estate Sustainability Benchmark (GRESB) assessment. This puts the fund in third place in its peer group both in Finland and in Europe.
As recognition of good management and sustainability work, Mandatum’s direct real estate investments and the special common fund Finland Properties II both received the Green Star designation in the GRESB assessment again this year. The GRESB assessment reviewed Mandatum’s direct real estate investments and the special common fund Mandatum AM Finland Properties II managed by Mandatum AM AIFM. The direct real estate investment portfolio on Mandatum’s own balance sheet maintained the four stars it has achieved since 2020. The special investment fund rose from last year’s four-star rating to a five-star rating.
“We are thrilled with this outcome. Thanks go to the entire team, who have carried out active sustainability work to, among other things, improve the energy efficiency of properties, develop and implement ESG processes and maintain tenant satisfaction,” states Emilia Riikonen, Head of Real Estate Investments at Mandatum.
In the annual GRESB assessment, sustainability is examined as a whole on a portfolio-specific basis. The assessment includes, for instance, energy and water consumption, carbon footprint, waste volumes, greenhouse gas emissions, risk management, corporate social responsibility, stakeholder co-operation and, extensively, ESG reporting, principles and management.
Sustainability factors are included in the company’s real estate strategies as an important part of real estate management, impacts and value creation. According to Riikonen, great efforts have been made to promote responsibility in all portfolios in 2024. Several development projects have been under way, such as the adoption of renewable energy sources, increasing the environmental certification of properties and enhancing transparent ESG reporting. An additional focus has been on engaging stakeholders and integrating sustainability into all areas of real estate management and development.
“Our professional and committed network of partners, which specializes in real estate management, renting, care and maintenance, has played a key role in developing and implementing new sustainable solutions. We would like to express our thanks to all our partners,” says Riikonen.
Mandatum has a total of more than a billion euros in real estate assets under management, including both open and closed strategies in Finland as well as investments in funds managed by external managers elsewhere in Europe. A GRESB assessment has been carried out for the direct real estate investments on Mandatum’s own balance sheet since 2019, and for the special common fund Finland Properties II since 2020.
More information about the responsibility of real estate investments is available at: Mandatum Group Responsible Real Estate Investment Review 2023.
GRESB
GRESB (Global Real Estate Sustainability Benchmark) is an organisation created together with investors that promotes sustainability in real estate investing. The organisation has created systematic and commensurate global sustainability monitoring, based on standards set and monitored by the independent GRESB Foundation. Its members commit to take part in an annual survey to comprehensively and very accurately measure and report all real estate sustainability aspects.
https://www.gresb.com/
Further information:
Emilia Riikonen
Head of Real Estate Investments
Tel. +358 (0) 50 501 2481
emilia.riikonen[a]mandatumam.com
Niina Riihelä
SVP, Communications, brand and sustainability
Tel. +358 (0) 40 728 1548
niina.riihela[a]mandatum.fi
Mandatum in brief
Mandatum is a major financial services provider that combines expertise in wealth management and life insurance. Mandatum offers clients a wide array of services covering asset and wealth management, savings and investment, compensation and rewards as well as pension plans and personal risk insurance. Mandatum offers services to corporate, retail, institutional and wealth management clients. At the centre of Mandatum's success are highly skilled personnel, a strong brand as well as a proven investment track record.
mandatum.fi/en/group
Marketing material. Mandatum Asset Management Ltd acts as the portfolio manager of special investment fund Mandatum AM Finland Properties II. The Fund is managed by Mandatum AM AIFM Ltd (address: Bulevardi 56, P.O Box 1221, FI 00101 Helsinki, Finland). Prospective investor should always read the official fund documentation before making any final investment decision. These documents, summary of investors’ rights and sustainability related disclosures are available at www.mandatumam.com/mandatum-am-aifm. The fund is eligible for professional investors in Denmark, France, Netherlands, Norway, Spain and Sweden and for non-professional and professional investors in Finland.
Mandatum AM Finland Properties II special investment fund complies with disclosure requirements in accordance with Article 8 of the Sustainable Finance Disclosure Regulation (EU) 2019/2088 (SFDR) but does not make sustainable investments.