Responsible investment performance indicators
Continued improvement of the Fund's sustainability performance
Promoted ESG characteristic | Indicator | Measure | Units of measure | 2023 | 2022 | % change | Plan 2023-2025 |
Fund: above-average | GRESB | Star rating | # stars | 5 | 5 | - | Annual improvement of overall GRESB score |
Overall score | # [1-100] | 93 | 92 | 1 | |||
Building: building certificate | BREEAM | BREEAM-NL Label (asset) | % | 95.8% | 96.3% | -0.5 pp | All standing investments minimum BREEAM-NL in-use VERY GOOD by the end of 2023 at asset-level |
BREEAM-NL Label (managment) | % | 78.9% | 70.1% | +8.7 pp |
Reducing environmental impact
Promoted ESG characteristic | Indicator | Measure | Units of measure | 2023 | 2022 | % change | Plan 2023-2025 |
Combatting climate change: | Free of natural gas | Percentage of gas free m² | % | 61.4% | 63.0% | -2.6% | 100% Gas free in 2045 |
Emissions in kg CO2 m² (electricity purchased by the Fund) | Emissions in kg CO2 m² (electricity purchased by the Fund) | kg | 0 (All emissions compensated) | 0 (All emissions compensated) | +0 | Annually no scope 2 emissions | |
Combatting climate change: | Average energy intensity | kWh/m²/yr | # | 134 | 137 | -2.0% |
Stakeholder engagement performance
Promoted ESG characteristic | Indicator | Measure | Units of measure | 2023 | 2022 | % change | Plan 2023-2025 |
Tenant health & wellbeing | BREEAM In-Use health assessment score | BREEAM Label (asset) | % | +0.0 pp | 2024: > 70% | ||
BREEAM Label (managment) | % | +0.0 pp | 2024 > 60% | ||||
Product accountability: tenant satisfaction | Tenant satisfaction | Average total score | # | 7.3 | 7.3 | +0.0 | Tenants give the Fund a score higher than 7 |
* This concerns only lease agreements with regard to office space, leases for parking spaces are excluded.
Being a responsible organisation
Promoted ESG characteristic | Indicator | Measure | Units of measure | 2023 | 2022 | % change | Plan 2023-2025 |
Considerate constructors scheme (construction sites) | Construction sites working under the considerate constructors scheme (based on purchase price) | Participation rate (by acquisition price) | % | N/A | N/A | ≥75% of total construction sites |
Reporting of performance indicators
The Fund’s ambition to increase the coverage and therefore the transparency of its environmental impact according to INREV Sustainability Reporting Guidelines is reflected in the summary of key performance indicators in the table above.
Bouwinvest reports environmental data of those assets where there is management control possible (operational control approach). Data is provided for those assets where we have authority to introduce and implement operating policies and are responsible for purchasing energy and water and handling waste. Our management control differs greatly by asset type (e.g. residential and office); these differences affect the level of influence we have over the sustainability performance of our assets.
Energy related data and changes represents assets which have been fully owned and operational for the full 24 month period in our investment portfolio. It provides insight in the performance of an indicator over time at a constant portfolio scope. The reported GHG emissions (scope 2) can be explained by the compensation of carbon emissions through purchase of carbon certificates. This follows the commitment of Bouwinvest to reduce the impact its operations has on climate change.
For the managed portfolio (scope 1 and 2), Bouwinvest reports on its gas-free assets and indirect energy sources (electricity, district heating and district cooling).
In the annual report of Bouwinvest Real Estate Investors B.V. the results of a conducted analysis on material topics and observations on stakeholders and reporting criteria with regard to Bouwinvest and its investment activities in general are included. The responsible investing indicators in this report are aligned with these results and observations where applicable.