Integration of sustainability risks into ICAMAP’s investment and risk management policies

Direct real estate investment

 

ESG are a part of the investment decision process. Relevant sustainability factors include, among others, for the ICAWOOD fund : 

  1.  Location, access to public transportation and soft mobility (bicycles, pedestrian access etc.) ; 

  2.  Low carbon construction through the use of CLT (Cross Laminated Timber) and reuse of existing constructions when possible plus recycling of old construction materials;

  3. Low energy consumption favoring low carbon energy sources and bioclimatic design (sun exposure, light colored façades etc.) on top of best-in class thermal insulation; 

  4. Health and well-being: natural light, acoustic comfort, thermal insulation, green outer spaces, air quality, ease of movement, local and organic food onsite.

ICAMAP is member of the BBCA (Bâtiment Bas Carbone / Low carbon Building) association, which promotes low carbon initiatives and has created a label that certifies building exemplarity in terms of carbon footprint.

Indirect real estate investment

ICAMAP is convinced that integrating ESG considerations can deliver real value within our indirect real estate investments. Embedding best practice into every aspect of real estate management makes properties more valuable, efficient and attractive. It’s a win-win situation for everyone, investors, users and all key stakeholders.

ICAMAP reviews how property companies have incorporated favorable business practices and ESG considerations. Being an active shareholder, ICAMAP uses its shareholders’ rights and engages with the management of property management to promote ESG considerations.

Integration of sustainability risks into ICAMAP’s remuneration policy

ICAMAP’s remuneration policy includes risk management measures with respect to sustainability risks whereas the structure of remuneration does not encourage excessive risk-taking with respect to sustainability risks and is linked to risk-adjusted performance.

Principal Adverse Sustainability Impacts

ICAMAP currently opts out of the preparation and the publication on its website of the Principal Adverse Sustainability Impacts (“PASI”) disclosure relating to the adverse impact of investment decisions on sustainability factors required by the article 4 of the Sustainable Finance Disclosure Regulation (SFDR).

ICAMAP considers as of the date hereof that the expected granularity is not commensurate with the activities of its funds.