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Responsible investment performance indicators

Continued improvement of the Fund's sustainability performance

Impact area

Indicator

Measure

Units of measure

2018

2017

Change

Fund sustainability benchmark

GRESB

Star rating

# stars

5

5

-

GRESB

Overall score (GRI-CRESS: CRE8)

# [1-100]

88

86

+2

Investing in sustainable real estate

Impact area

Indicator

Measure

Units of measure

2018

2017

% change

Asset sustainability certificate

BREEAM

Green Building Certificates floor space (BREEAM or GPR) (GRI-CRESS: CRE8)

%

98%

89%

9 bps

Reduce Environmental impact

Impact area

Indicator

Measure

Units of measure

2018

2017

% change

Energy performance certificate

EPC

Labelled floor space (GRI-CRESS: CRE8)

%

100%

100%

0%

Green labelled floor space (A, B or C label)

%

73.0

73.1

0%

Average energy index

#

1.05

1.13

-7%

Impact area

Indicator

Measure

Units of measure

2018 (Abs)

2017 (abs)

% change (LfL)

Energy

Electricity

Total landlord-obtained electricity (GRI: 302-2)

MWh

19,092

18,814

0.9%

Gas

Total gas consumption (GRI: 302-1)

304

304

0.0%

District heating and cooling

Total district heating and cooling (GRI: 302-2)

10,154

10,239

-0.8%

Total

Total energy consumption from all sources (GRI: 302-2)

29,550

29,356

0.3%

Energy intensity

Building energy intensity (GRI-CRESS: CRE1)

kWh/m²/year

162

161

0.3%

 

Energy and associated GHG disclosure coverage

 

6 of 9

6 of 9

 

GHG emissions

Direct

Scope 1 (GRI: 305-1)

tonnes CO2e

59

59

0.0%

Indirect

Scope 2 (GRI: 305-2)

11,358

11,223

0.7%

Total

Total GHG emissions (GRI: 305-2) Scope 1 and 2

11,417

11,282

0.7%

Total GHG emissions after compensation

1,375

1,386

-0.8%

GHG emissions intensity

GHG intensity from building energy (GRI-CRESS: CRE3)

kg CO2e/m²/year

62

62

0.7%

Water

Total

Total water consumption (GRI:303-1)

70,524

75,842

-7.0%

Water intensity

Building water intensity (GRI-CRESS: CRE2)

m³/m²/year

0.41

0.44

-7.0%

Waste

Total

Total waste collected (GRI: 306-1)

tonnes

719

628

17.2%

 

Recycling rate

%

34%

34%

-3.7%

Stakeholder engagement performance

Impact area

Indicator

Measure

Units of measure

2018

2017

% change

Engage with stakeholders

Tenant satisfaction

Response rate (GRI: 102-43)

%

63%

38%

+ 25 bps

Average total score (GRI: 102-43)

#

6.6

6.8

-3%

Sustainable stewardship

Considerate constructors scheme

Registered construction projects

#

4 of 4

2 of 3

 

Participation rate (by acquisition price)

%

100%

27%

+ 73 bps

* This concerns only lease agreements with regard to office space, leases for parking spaces are excluded.

Being a responsible organisation

Impact area

Indicator

Measure

Units of measure

2018

2017

% change

Sustainable agreements

Leases

Number of new leases

#

165

162

1.9%

Number of green leases*

#

21 of 221

2 of 229

 

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.

Like for like 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 reduction in GHG emissions 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 total energy consumption including all direct energy sources (gas and fuel) and indirect energy sources (electricity, district heating and district cooling). To calculate Greenhouse Gas (GHG) emissions, country and energy source-specific emission factors have been applied. Emission factors change over time. For this annual report most recently available factors for 2018 are used (source:www.co2emissiefactoren.nl).

Energy, Emission and Water intensities are reported only on properties where energy respectively water data is available, using “shared services” as the numerator and lettable floor area (LFA) as the denominator. “Shared services” refer to landlord-obtained consumption for common parts and any services provided to tenant areas that have not been sub-metered.

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.

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