About our sustainability initiatives

DNB Scandinavian Property Fund

Management of property portfolios

As part of the day-to-day management of property portfolios, DNB REIM has a strong focus on ensuring that the return corresponds to our defined objectives. DNB REIM offers fully integrated management services, including capital raising, the purchase and sale of properties, technical and commercial management of each property, risk management and investor monitoring and reporting. DNB REIM is ISO14001 certified. The methodology is used to achieve an overview, show risk and opportunities and help us develop our environmental initiatives (continuous improvement).

DNB REIM reports quarterly to investors, offers annual investment forums and follow-up meetings with each investor. In addition, an annual environment report is produced with a focus on the mutual fund portfolio’s environmental targets and results. Every year, an investor survey is conducted which measures investors’ satisfaction with the mutual fund and our services as managers.

Investments and projects

Environmental issues are important concerns when investing in commercial property. In accordance with the investment plan for DNB SPF, energy and environment are given emphasis and the mutual fund will seek to purchase buildings with high energy ratings relative to Norwegian standards. If the buildings have a lower energy rating, the costs of bringing the building up to a higher rating will be demonstrated and taken into account in the investment decision.

New investments are implemented in line with applicable strategies and plans for DNB SPF. Environmental aspects are evaluated along with other criteria at a group management level early on in the purchasing process. This is emphasised in documentation prior to the investment decision. Additionally, in the DD process prior to purchasing, in-house technical DD will be conducted according to DNB SPF’s Investment Policy. See also the attachment, where this is included in the investment process description.

Given that DNB Scandinavian Fund is a core fund, development projects will be kept at a low level. Environmental programmes will be developed for all projects conducted in DNB REIM in Norway, apart from projects that have a minor environmental impact. In the environmental programme, the project objectives are set in the project in question.

In general, there is a goal for energy use to be improved in the project. For larger projects, the aim is to achieve an EPC (Energy Performance Certificate) energy efficiency rating of B. An energy budget is developed for the actual energy use.

Objectives and results

DNB SPF has clear climate and environment targets as well as results related to this. An environment report is produced for the mutual fund every year.