Our ESG approach

The integration of environmental, social and governance principles is one of the cornerstones of the fund's investment strategy.

We view ESG as:

• a value creation lever,
• a risk mitigation tool (stranded assets, obsolescence),
• a factor enhancing liquidity,
• a driver of access to more attractive financing (green loans).

Objectives

2027 horizon:

• –30% carbon emissions (Scopes 1 & 2)
• 70% of assets certified (BREEAM, HQE, LEED)
• –25% energy consumption
• Average EPC rating: Class C
• EU Taxonomy alignment: 30%
• ESG CAPEX: 3–5% of AUM

2030 horizon:

• –50% carbon emissions
• 100% of assets certified
• –40% energy consumption
• Average EPC rating: Class B
• EU Taxonomy alignment: 60%

Sub-IG → Investment Grade Transformation

Our expertise is built on transforming underperforming assets into Investment Grade assets through:

• energy efficiency works,
• certification,
• leasing repositioning,
• lease structure enhancement,
• green refinancing,
• yield compression.

ESG Governance

• Quarterly ESG Committee
• Dedicated Head of ESG with veto rights
• Systematic due diligence
• Regular publication of PAIs
• Tenant engagement (green leases, data sharing)