Altera has become the first Dutch institutional real estate investor to join the UN Global Compact, in line with the company’s commitment to socially responsible investment.
Future-proofing real estate portfolios goes beyond sustainability efforts on topics like energy, water and waste. Tenant engagement and affordability are crucial factors too, and Altera has already made significant progress in these areas. Previously, Altera also formally committed itself to the UN Principles for Responsible Investment and the UN Sustainable Development Goals. Sustainable and socially responsible policy also means giving due consideration to issues like human rights, labour, the environment and anti-corruption. Altera will report on its progress in these areas in its annual report and on its website.
“We firmly believe that our investment strategy – with an integrated ESG/SDG approach – will deliver a sustainable return,” said Altera’s CEO, Jaap van der Bijl. “A return that benefits our shareholders, our tenants and society at large. We have a vision of the kind of company we want to be, and joining the UN Global Compact will help us make that vision a reality.”
Linda van Beek, Executive Director of the UN Global Compact Network Netherlands, commented: “I am delighted that Altera Vastgoed has joined the UN Global Compact. The real estate sector is vital to achieving the SDGs – especially SDG 11: Sustainable Cities and Communities. We look forward to working with Altera Vastgoed on a Decade of Action, guided by the Global Goals as our lodestar.”
About the UN Global Compact
The UN Global Compact was founded in 2000 and is the largest sustainable business initiative worldwide, bringing together a total of 10,435 companies in 166 countries.
Together with the UNEP Finance Initiative, it created the UN Principles for Responsible Investment (UN PRI). It also supports companies in contributing to the UN Sustainable Development Goals (UN SDGs).
The UN Global Compact provides companies with a framework based on ten principles in the areas of human rights, labour, the environment and anti-corruption. Its aim is to encourage companies around the world to adopt sustainable and socially responsible policies, and to report on their implementation.