MANDATUM OYJ The special common fund Mandatum AM Finland Properties II, managed by Mandatum, received four stars in the Global Real Estate Sustainability Benchmark (GRESB) assessment, up from three stars in the previous year.
The GRESB assessment reviewed Mandatum's direct real estate investments as well as the special common fund Mandatum AM Finland Properties II managed by Mandatum AM AIFM. In line with the previous years, Mandatum's direct real estate investments earned four out of five stars. The rating of the special common fund Mandatum AM Finland Properties II rose to four stars from the previous three-star rating. As a testimony to good management and sustainability work, Mandatum's direct real estate investments and the special common fund Finland Properties II both received the
The GRESB assessment looks at the sustainability of real estate at the level of the whole portfolio. The assessment includes energy and water consumption, waste volumes, greenhouse gas emissions, risk management, stakeholder co-operation and, extensively, corporate responsibility reporting, principles and management. This was the fourth time that Mandatum took part in the assessment.
"The rise in the rating of the special common fund Finland Properties II is the result of active sustainability work in the areas of environmental impacts, tenant satisfaction and governance. Measures implemented in 2022 include four solar electricity projects, introduction of the Green Lease addendum in lease contracts, BREEAM certification of two sites and introduction of energy and water consumption monitoring systems," says
Mandatum has a total of more than a billion euros in real estate assets under management, including both open and closed strategies in the Finnish market as well as investments in funds managed by external partners elsewhere in
"Goal-oriented and active sustainability work is an integral part of our real estate investment strategy. Through active sustainability measures, we meet the increasingly stringent requirements of tenants, regulation, and investors. This year, we have also initiated several environmental certification projects in the properties we own," Riikonen adds.
Read more about our real estate asset management and goals in our Real Estate Asset Management Sustainability Report (in Finnish).
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
https://www.gresb.com/
Further information
Head of
Tel. +358 (0) 50 501 2481
emilia.riikonen@mandatumam.com
Niina Riihelä
Senior Vice President,
Tel. +358 (0) 40 728 1548
niina.riihela@mandatum.fi
Mandatum in brief
Mandatum is a major financial services provider that combines expertise in money and life. Mandatum offers customers a wide array of services covering asset and wealth management, savings and investment, compensation and rewards, pension plans and personal risk insurance. Mandatum offers services to corporate customers, retail customers as well as institutional and wealth management customers. At the center of Mandatum's success are highly skilled personnel, strong brand, and investment track record. More mandatum.fi/investors.
Marketing material.
https://news.cision.com/mandatum-oyj/r/active-sustainability-work-in-real-estate-asset-management-brings-four-stars-in-the-gresb-assessment,c3851605
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