At Catella Investment GmbH (CIM), we integrate Environmental, Social, and Governance (ESG) factors into our decision-making to address risks and opportunities responsibly. Guided by the Paris Agreement and internationally recognized standards such as the UN Principles for Responsible Investment (UNPRI) and OECD Guidelines, we strive to deliver market-leading ESG standards across funds and assets while promoting transparency and alignment among stakeholders.
Organization
As an organization, we embrace our responsibility towards the environment and society while working to meet our clients’ needs and fiduciary duties. To achieve this, we have defined the following ESG objectives:
- Implementation of an ESG European competitiveness team within the Alliance and integration of ESG issues into our investment and ownership decision-making practices.
- Regular review and implementation of policies addressing environmental, social, and governance issues.
- ESG workshops and training to engage employees and support ESG objectives.
- Creation of healthy, modern working spaces that promote diversity and equal opportunities.
- Inclusion of ESG factors in employees’ annual performance targets.
- Measurement and monitoring of environmental KPIs (e.g., energy and water consumption, carbon emissions, and waste) to reduce our operational impact, including promoting responsible travel practices.
- Development and implementation of a sustainable procurement policy, including energy supply.
- Support for environmental projects and local charities.
- Annual reporting on ESG activities and progress (e.g., CIM ESG report and UNPRI).
Real Estate Funds
We are dedicated to achieving financial objectives while delivering leading ESG standards at fund and asset levels. Effective management of environmental impacts and risks is central to our fiduciary duties, particularly in alignment with the Paris Agreement. To this end, we implement the following measures at the portfolio level:
- Assessment of transaction fragility and key environmental risks as part of the asset management process, including stranding risk analysis and mitigation.
- Development of environmental KPIs for our real estate funds, focusing on energy and water consumption, carbon emissions, and waste reduction.
- Establishment and development of an automated data collection process for energy, water, and waste consumption at the asset level, integrated into property and facility management contracts and in cooperation with Deepki and MSCI.
- Creation of mid- and long-term sustainability targets, including energy efficiency, water management, waste reduction, health and well-being, and biodiversity improvements. Green leases will be introduced to encourage tenant cooperation in sustainability efforts.
- Integration of ESG performance measures into CAPEX schedules, emphasizing energy and water efficiency, waste management, and tenant well-being.
- Development of a stakeholder engagement program to positively impact local communities and encourage sustainable practices among property managers and tenants.
- Incorporation of social improvement objectives into asset management plans, aiming to provide modern living spaces with a focus on tenant well-being. For example the conduction of tenant surveys and tenant guidelines.
- Annual reporting on ESG activities and progress, including participation in industry benchmarks like GRESB and INREV.