We believe in integrating environmental, social and governance (ESG) practices into all aspects of our operations. Sound and sustainable strategies throughout the whole life-cycle of our investments delivers high risk-adjusted returns to our investors and modern and efficient work spaces for our tenants. Our ESG-policy is also, where appropriate, extended to our suppliers. Please download our ESG Update to learn more.
What We Do – and why it Matters
Our vision is to make the existing building stock more sustainable.
Genesta is committed to upholding the highest standards of business ethics, integrity, and transparency. We have a zero-tolerance policy towards corruption and bribery, and we employ a robust risk management process to detect, measure and mange risks in our operations. We follow the precautionary principle in terms of ecological responsibility, and we regularly conduct Sustainability and Health & Safety (H&S) risk assessments on our properties. Further information can be found in our Annual Sustainability Report 2021.
As of 10th March 2021, the EU Sustainable Finance Disclosure Regulation (SFDR) comes into force. The objective of this is to reorient private capital flows towards sustainable investments. As an Alternative Investment Fund Manager (AIFM) Genesta has embraced the requirements the SFDR and the associated EU taxonomy and has commenced to formally implement these two regulations into our fund and investment management practices.
Please read our Sustainability Risk Policy which discloses our initial implementation of the SFDR.
Genesta Firm Level, GNRE Fund II, GNRE Fund III, GNRE Core Plus, GNRE Core Plus Open Ended
Managing Climate Change Related Risks
As a real estate investor, we have a direct impact on the environment through property development and management. Acquiring low performing properties and extending their lifecycle by improving their efficiency and overall condition, we contribute to the targets set in the Paris Climate Agreement for reaching near carbon-neutral built environment and limiting global temperature rise.
Climate change is a real and severe threat affecting our nature and economy. Genesta’s approach to climate change related risk management and value generation process is incorporated into our everyday practices and decision-making processes. We see that an efficient climate change mitigation process is a way for us to generate value whilst reducing risks.
We have published our own Responsible Investment Policy which reflects our holistic approach to ESG matters and is our key method to manage investments in a sustainable way.
Read our Responsible Investment Policy
Responsible business: At Genesta, we aim to deliver strong, sustainable returns through sound investment and responsible management practices. We are committed to upholding our values and adhering to the highest standards of corporate governance and ethical business behavior. By staying true to these principles, we strive to prevent corruption in all its forms and ensure the long-term success of our investments.
Genesta is a signatory to the UN’s Principles for Responsible Investment (PRI), pledging to commit to the six principles reflecting responsible investment practices.
Responsibility Starts with Us
The Code of Conduct builds a framework for our daily business at Genesta. It is our guidebook for putting our values into practice. The Code of Conduct establishes basic principles and guidelines for all our interactions and communication with our stakeholders.
It covers topics relating to legal compliance and disclosure, human rights issues, HR practices, environmental matters, conflict of interest, anti-bribery and gifts, and reporting violation of this Code of Conduct.
We don’t only offer beautiful and functional spaces – when you move into our building, you can improve the environmental performance of your company – and yourself. Greenesta, a concept to inspire and enable our tenants to act in a more sustainable way. The word itself describes how we approach sustainability – sustainability is integrated throughout the whole of Genesta. Greenesta means that both Genesta and our tenants commit to work together for better environmental performance.
Our ultimate goal is to offer only green leases in the future. When a tenant signs a lease with us, they sign up to co-operate together with us towards better sustainability performance.
Contact us to sign a green lease with us, available for existing tenants too.
Genesta’s GNRE Fund II participated in the Global Real Estate Sustainability Benchmark (GRESB) for the seventh time in 2022, covering fund management and performance disclosures for 2021. The results were published during Q3 2022. The fund reached 80 points (out of 100), four stars and a Green Star designation. The GRESB average score was 74 points, and peer group’s average was also 74 points. The fund achieved fifth place out of eleven in its predominant peer group. The fund scored full points in the ESG breakdown with regards to social aspects. The strengths of Genesta’s GNRE Fund II in the GRESB Assessment were leadership, risk management, stakeholder engagement, targets and tenants & community.
GNRE Fund III participated in the Global Real Estate Sustainability Benchmark (GRESB) for the second time in 2022, covering fund management and performance disclosures for 2021. The results were published during Q3 2022. The fund reached 74 points (out of 100), three stars and a Green Star designation. The GRESB average score was also 74 points, and peer group’s average was as well 74 points. The fund achieved sixth place out of eleven in its predominant peer group. The fund scored full points in the ESG breakdown with regards to social aspects and above-average in the governance section. The strengths of Genesta’s GNRE Fund III in the GRESB Assessment were leadership, risk management and stakeholder engagement, reporting, targets and tenants & community, as well as waste.
Our Standard Sustainability Measures
We invest into energy efficiency improvements such as LED lighting, building automation and efficient HVAC systems. In order to minimize our carbon footprint we use green electricity in all our properties.
When feasible, we invest into on-site renewable energy production and offer our tenants a possibility to buy onsite renewable energy.
We aim to certify most of our properties to verify the environmental performance and sustainable management practices.
Our properties are equipped with e-car charging possibility to enable sustainable commuting.
Our properties are equipped with bicycle parking, fixing stand and changing facilities to enable sustainable commuting and healthy lifestyle.
Our properties offer extensive recycling opportunities.
We always renovate our properties with water saving equipment.