In NREP, we want to be known not only for our ability to be able to deliver the best risk adjusted returns in our industry, but also to continually leave a positive impact on our surroundings in its widest sense, be it our employee, the local communities in which we invest or our stakeholders at large.
We believe this is best achieved by promoting a culture, which encourages all employees to take responsibility. This has lead NREP to be involved in various social responsibility projects such as MYC4 (micro loans to entrepreneurs in Africa), BRIS (Children's Rights in Society) and specific projects such as Hem och Skola’s work against bullying, and we hope over time that these will grow in size and number.
Environmental care is important to NREP, which is why we are focused on contributing to a long-term sustainable environment in the society in general - as well as being active in improving the propert market's negative impact on the environment.
Beyond our general interest in contributing to the long-term wellbeing of our planet, we also believe that commercial and environmental interests are often and increasingly well aligned, which is why we believe we have a commercial as well as a moral obligation to optimize our business in relation to the environment.
The main objectives of our environmental policy are therefore to:
- Contribute to a long term sustainable environment by improving the property sector’s negative impact on the environment
- Mitigate the commercial risks related to the increased focus on sustainability
Concretely we:
- Ensure that all buildings will undergo some environmental improvement during our ownership. The plan for improvement is identified preferably before the time of acquisition
- Include sustainability in our due diligence process
- Undertake that all new constructions shall outperform the required standards and legislation in terms of environmental target unless these additional iniatives are not paid back in less than five years
- Strive to choose building materials with the smallest total negative effects on the environment both in relation to new constructions and refurbishments
- Will occasionally work with our customers and suppliers to jointly identify opportunities to implement commercially sensible environmentally friendly solutions defined as solutions with a payback time of less than five years
- Have an environmental AM price for the most efficient environmental initiative in our organization each year
In the future we plan to:
- Integrate some environmental reporting in the reports to our investors (by end of 2012)
- Ensure that all new buildings we acquire have or get installed a measurement system to measure usage of electricity, heating and water (by end of 2012)
We do not:
- Obtain any certificate on our buildings, as we do not believe the certification jungle is sufficiently well developed yet
- Initiate marketing driven environmental initiatives, but focus on those where we can see a real positive impact on the environmental footprint our buildings generate
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