Greenman OPEN (GMO) is now Germany’s Largest Food-Retail Focused Real Estate Investment Fund

Our Sustainability Responsibility

Achieving the goal of environmental sustainability in urban development is a pressing issue, both today and in the future. At GMO we recognise the importance of working towards sustainable goals and we believe that the fund’s Environmental, Social and Governance (ESG) framework is an important and binding factor in creating long-term value for not only our investors but also for society.

While GMO does not have, as its objective, a sustainable investment, we do promote environmental and social characteristics making ESG factors an integral part of the investment and development process, with the potential to increase the value of our investment portfolio, reduce exposure to risk, and play an important part in ‘future-proofing’ assets.

To follow the GMO’s ESG Framework and meet its ESG goals we intend to target the following environmental and social characteristics:

Environment

Environment

GMO has committed to reducing the negative environmental impact that its retail centres have upon their surroundings. To do this GMO will set and work to achieve energy consumption targets, support our tenants in also achieving these targets, promote renewable energy generation all in order to achieve an environmentally friendly portfolio.
Social

Social

Real estate plays a pivotal role in the development of a more sustainable world not only because of its considerable use of materials and land, but also because people’s lives are centred around buildings. GMO aims to promote their Community Engagement across all its retail centres, ensuring it’s retail centres support the local community.
Governance

Governance

The General Partner (GP) of GMO is responsible for the implementation of the fund’s offering document and is overseen by a Board committed to high standards of corporate governance. The GP has also appointed a Management Company, a Depositary and an Administrator to ensure strong governance and effective oversight.

5by25

To demonstrate the positive financial impact ESG and non-rental income initiatives will have on the GMO’s performance we have set ourselves the target, that by 2025, 5% of the fund’s annual revenue will be generated from non-rental income initiatives.

These initiatives will include, but not be limited to, the environmental and social activities listed below.

REPORTING

PRINCIPLE ADVERSE IMPACTS STATEMENT

How Greenman, GMO’s Alternative Investment Fund Manager, considers PAI on sustainability factors on a practical level in the investment decision-making.

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