Integral part of policy
We are convinced that our investment strategy – with an integrated ESG/SDG approach – delivers a sustainable return; a return with a positive impact for our shareholders, our tenants and society at large.
Since 2008, sustainability has been an integral part of investment policy and its implementation. As a result, our portfolios now meet most of the current sustainability requirements. This is also reflected in the scores we achieve in the Global Real Estate Benchmark (GRESB). From the beginning, we have participated in this GRESB benchmark and we have succeeded in continuously improving the scores of our funds.
In 2020 we have become GRESB Real Estate Global Sector Leader 2020 with our residential fund and has once again achieved the “5-star” GRESB rating. With this status in the non-listed real estate funds category, the fund also ranks first in Europe and the Netherlands.
Our food and convenience retail fund was also awarded a five-star score one again, coming in second in the Netherlands.
The 3 sustainability themes of Altera
In our view, a sustainable property portfolio is also a future-proof portfolio with a better and realistic perspective of an optimal return/risk ratio. A (pro) active policy on sustainability & ESG is also efficient, because sustainability can also generate a return and additional costs (both opex/capex and management costs) can be avoided at a later date.
Our policy is pragmatic and focused on achieving measurable results (for investors and tenants). We want an optimal application of measures that promote sustainability. We therefore mainly opt for proven and accepted solutions, materials and techniques. With ‘pilots’ we regularly explore new technology and its applicability.
Within our sustainability policy, we focus on three themes:
- Our sustainable real estate
- Alignment of interest of our stakeholders
- Our responsible Management Platform
1. Our sustainable real estate
Altera Vastgoed’s objective is to only own sustainable real estate. In addition, we improve how the sustainability of the properties is made transparent and is optimised through a continuous focus on “saving – generating – greening”.
Measurable and tangible results increasingly play an essential role in strategic and operational decision-making in real estate. Altera has been structurally collecting data at object level for some time now, which provides good insight into the sustainability of the property portfolio, including optimisations and benchmarking.
The starting point for the acquisition of new properties is that they must (be capable of) increasing the sustainability of the property portfolio, which is anchored in a Programme of Requirements (PoR) for new buildings and established and implemented using GPR (homes) or BREEAM (shops) for existing buildings.
2. Alignment of interest of our stakeholders
Altera’s mission is to ensure that its real estate, in addition to its financial performance, also makes an important social contribution. Part of this is tenant satisfaction. A good relationship with the tenants is only created when they are satisfied.
3. Our responsible Management Platform
For a thorough implementation of the sustainability policy, Altera focuses for the internal implementation on getting and keeping Altera employees involved and integrating the sustainability policy in the existing processes. The external implementation focuses on aligning Altera’s sustainability principles with the activities of third parties.
Altera attaches great value to human capital and therefore invests in the development and improvement of knowledge and skills of employees as well as in their well-being and satisfaction.
Sustainability in a broader context
Making real estate portfolios future-proof goes further than just focussing on energy, water and waste. Sustainable and socially responsible policy also means giving substance to human rights, labour, the environment and anti-corruption.
‘Sustainability of real estate’ is broadening: ESG and the UN SDG will become a part of this. That is why we consider sustainability from a broader perspective.
Bringing together the interests of investor and tenant
Sustainability to us means striking the right balance between the financial aspects of investments and the advantages for the tenant. Sustainable real estate has a better market position as it is more lettable and less likely to be sensitive to economic and technical obsolescence. Lowering energy bills leads to lower rent, which makes homes more affordable, a clear benefit for tenants.
Measuring our impact through concrete objectives
The state of affairs and progress are regularly reported to our shareholders. The results of benchmarks (such as GRESB and UN PRI) are also reported. In addition, we have achieved ISO14001 certification and, since 2019, we have had the ESG KPIs audited by the auditor. This gives stakeholders even more comfort about the reliability of the figures.