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Report of Executive Board of Directors

Sustainability performance

At Bouwinvest, we believe that we cannot ensure long-term successful investments without taking the needs of society into account, as the two are inextricably linked. To make sure we are making the maximum effort to ensure healthy societal and financial returns, we monitor our investment and operational performance using the internationally accepted GRESB benchmark.

Highlights sustainability performance 2019

  • Retained GRESB 4-star rating and improved overall score by six points to 85 points

  • 87.9% BREEAM certified shopping centre assets, with 72.0% BREEAM-NL in-Use GOOD or better rating

  • 98.4% of portfolio has a green energy label (86.0% label A), with an average energy index of 0.80

  • The Fund installed approx. 118 kWp of solar power on retail assets in 2019, taking the total to approx. 242 kWp, which is slightly behind the 2021 target of 1000 kWp

  • Realised a 7.3% like-for-like energy reduction in consumption and 18.6% reduction of GHG emissions

  • 121 rental contracts with a sustainability clause (green rental contracts)

  • 38.6% of building sites registered under the Dutch Considerate Constructors scheme (‘Bewuste Bouwer’)

Highly sustainable fund

In 2019, the Fund retained its GRESB 4-star rating and increased its overall score by six points, taking the total score 85 points from 79 points in 2018. This puts us well on track to achieve a 5-star rating on schedule in 2021. However, the Fund’s peer comparison position did fall to fifth out of six in 2019, from 3rd out of six in 2018. The higher score was based primarily on three items: Monitoring & EMS, Performance indicators and Building Certifications. To achieve a GRESB 5-star rating, we will continue to increase our focus on Policy & Disclosure, Stakeholder Engagement, Monitoring & EMS and Performance indicators.

Plan on continued improvement of the Fund's sustainability performance

Annual improvement of overall GRESB score

+ 6 points (85/100),
4 out of 5 star rating.

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