Integral part of policy
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 Sustainability 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 2019 we achieved the number one position in GRESB for our residential and retail portfolio in the category non-listed real estate funds in the Netherlands.
Pragmatic & measurable
Our policy is pragmatic and aimed at achieving measurable results (for both investors and tenants). Our goal is to optimize the application of measures that boost sustainability. This is why we mainly opt for solutions, materials and techniques that have a proven track record. Through pilot programmes, we regularly test new technologies and their applications.
‘Energy’ is one of our main priorities, but there are more
One of the spearheads of our policy is to reduce energy consumption and make it more sustainable. All new homes are equipped with induction cooking plates (instead of gas), solar panels are installed and LED lighting is used in communal areas: more green energy, less energy consumption and less CO2 emissions.
But sustainable development is about more than just energy and emissions. Other aspects such as water usage, particulate matter, noise, waste, reuse of materials, health and ethics deserve at least as much attention. We apply this working method to all of our real estate and in our organization.
Sustainability in a broader context: ESG and UN SDG
‘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.
Making sustainability transparent and measurable
Here at Altera we believe measurability for purposes of comparison is important. This is why we have been involved with GRESB since the very beginning. We are also committed to applying the standards uniformly accepted in the market and measurement methods in the area of sustainability in order to compare sectors, assets and real estate parties involved (also see the annual report).
Reports: annual reports and quarterly reports
Since 2009, our annual reports have included extensive reports on objectives and actual progress made in the area of sustainability.
Sustainability & ESG are becoming increasingly important. For this reason, starting in 2018, we will also report on these topics in our semi-annual reports. We will also publish a separate annual report on sustainability & ESG. The quarterly reports to our shareholders will also report on sustainability & ESG progress.