In 2021, new European regulations came into force, requiring financial market participants to report how they approach sustainability in their investments. These requirements are set out in the Sustainable Finance Disclosure Regulation (SFDR).
The SFDR is part of a broader tranche of European legislation for the financial sector. The purpose of this legislation is to mobilise capital for the European Green Deal, which aims to achieve a sustainable economy. These goals are being pursued in a comprehensive package of sustainability legislation in several phases. The SFDR has also been implemented in phases: Level 1 and Level 2.
With effect from 10 March 2021, Level 1 of the SFDR is effective. As of that date, Achmea Real Estate complies with the obligations arising from Level 1.
Other relevant parts of the SFDR and related legislation such as the Taxonomy Regulation become effective in parts from 1 January 2022. The SFDR Level 2 obligations take effect from 1 January 2023. As of that date, Achmea Real Estate complies with the Level 2 obligations.
As an investment manager, we consider the adverse effects of our investments on the planet. That way, we can make a difference for future generations. Based on our long-term ESG strategy, we provide information about the adverse effects of our real estate investments on sustainability factors.
Sustainability factors include environmental, social and employment issues, respect for human rights, and combating corruption and bribery. We take these insights into account when considering investments. Based on the ESG strategy, for example, our portfolio and fund managers apply various ESG targets to the portfolios they manage and include them in the portfolio plans.
More information about the approach for real estate investments is provided in our Statement on principal adverse impacts of investment decisions on sustainability factors of real estate
