{"id":6736,"date":"2015-09-21T11:43:26","date_gmt":"2015-09-21T08:43:26","guid":{"rendered":"http:\/\/eften.ee\/?page_id=6736"},"modified":"2026-08-12T09:28:46","modified_gmt":"2026-08-12T06:28:46","slug":"sustainability","status":"publish","type":"page","link":"https:\/\/eften.ee\/en\/about-eften\/sustainability\/","title":{"rendered":"Sustainability"},"content":{"rendered":"

EfTEN Capital and sustainability<\/strong><\/p>\n

EfTEN Capital AS is a fund manager supervised by the Estonian Financial Supervision Authority and is authorised as an alternative investment fund manager under Directive 2011\/61\/EU (AIFMD).<\/p>\n

Real estate is part of everyday life for all of us, and thus it also has a role to play in meeting global sustainability goals. Today, we see that the emphasis is primarily on managing environmental risks, because real estate has a clear footprint that can be reduced in a targeted way.<\/p>\n

We consider it important to approach sustainability-related matters in a sensible and pragmatic manner, addressing the risks with the greatest potential impact while considering the terms and conditions of the funds we manage.<\/p>\n

Policy on the integration of sustainability risks (SFDR Article 3)<\/strong><\/p>\n

To ensure that sustainability risks are considered, we have integrated environmental, social and governance (ESG) aspects into our investment decision-making process and into asset management throughout the entire life cycle of an investment. When making investment decisions, we assess the relevant sustainability risks that may have a material impact on the value or return of an investment, or on the long-term resilience of the asset. Identifying, assessing and managing these risks forms part of a systematic due diligence process, which begins already in the analysis phase preceding the investment.<\/p>\n

After an investment has been made, we monitor and manage the identified sustainability risks consistently throughout the holding period of the asset. For every new property we develop an ESG roadmap, in which we define the principal risks, the objectives and the possible mitigation and improvement measures, including in relation to energy efficiency, resource use, climate risks and stakeholder-related matters. We work together with tenants and with property management and maintenance companies in order to raise awareness of sustainability-related topics and to support the implementation of practical solutions that help preserve the long-term value of the asset.<\/p>\n

This policy applies to the investment activities of all funds managed by EfTEN Capital AS.<\/p>\n

Consideration of principal adverse impacts on sustainability factors (SFDR Article 4)<\/strong><\/p>\n

We acknowledge that real estate carries potential negative effects towards global sustainability goals, and we believe this impact can be managed. Setting sustainability goals has become increasingly important for investors but has not always been explicit. We manage funds that have been established at different times and have different investment mandates and ESG ambitions. Therefore, we are unable to confirm, for the purposes of Article 4(1)(b) of the SFDR (Regulation (EU) 2019\/2088), that we consider the adverse impacts of investment decisions on sustainability in the management of all our funds.<\/p>\n

Due to the above, we take potential adverse sustainability impacts into account at a qualitative level. Should any adverse impacts occur during the holding period, we will evaluate the issue and take the necessary measures to mitigate it. Funds that have set clear sustainability goals regularly evaluate their performance, impact and progress.<\/p>\n

As the regulation evolves, we will continue to evaluate our approach and update it accordingly. Where possible, we apply the same principles to the management of funds that have not set explicit sustainability targets.<\/p>\n

Remuneration policy and sustainability (SFDR Article 5)<\/strong><\/p>\n

EfTEN Capital AS considers the management of sustainability risks to form part of its general investment management responsibilities. The remuneration policy is consistent with the integration of sustainability risks and does not provide separate remuneration incentives for specific activities related to sustainability risk management.<\/p>\n

This principle applies to all funds managed by EfTEN Capital AS.<\/p>\n

Data collection and management<\/strong><\/p>\n

Since 2023, the fund manager has systematically collected consumption data for the real estate investments held in the portfolio: consumption of electricity, heating energy, gas and water, as well as waste generation. The analysis of this data supports management decisions and helps direct further measures to reduce environmental impact.<\/p>\n

Framework and methodology<\/strong><\/p>\n

In reporting the environmental performance indicators of the portfolio, the fund manager applies the EPRA Sustainability Best Practices Recommendations (EPRA sBPR). Greenhouse gas emissions are calculated using the emission factors of the International Energy Agency (IEA).<\/p>\n

Managed funds and their SFDR status<\/strong><\/p>\n

The principles set out above under SFDR Articles 3, 4 and 5 apply to the investment activities of all funds managed by EfTEN Capital AS. The specific SFDR status of each fund (whether Article 8 or Article 9 applies, or whether it is an “Article 6 fund”) is available on the sustainability sub-page of the fund concerned.<\/p>\n

Long-term objectives<\/strong><\/p>\n

The fund manager considers the European Union objective of achieving carbon neutrality by 2050 and is moving in that direction, focusing on the efficiency of energy use and on improving the existing portfolio.<\/p>\n

Further information<\/strong><\/p>\n

Further information on environmental performance indicators and sustainability-related activities is available in the public reports of the relevant funds.<\/p>\n","protected":false},"excerpt":{"rendered":"

EfTEN Capital and sustainability EfTEN Capital AS is a fund manager supervised by the Estonian Financial Supervision Authority and is authorised as an alternative investment fund manager under Directive 2011\/61\/EU (AIFMD). Real estate is part of everyday life for all of us, and thus it also has a role to play in meeting global sustainability […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":630,"menu_order":76,"comment_status":"closed","ping_status":"closed","template":"page-files_page.php","meta":{"footnotes":""},"class_list":["post-6736","page","type-page","status-publish","hentry"],"yoast_head":"\nSustainability — EfTEN Capital<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eften.ee\/en\/about-eften\/sustainability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sustainability — EfTEN Capital\" \/>\n<meta property=\"og:description\" content=\"EfTEN Capital and sustainability EfTEN Capital AS is a fund manager supervised by the Estonian Financial Supervision Authority and is authorised as an alternative investment fund manager under Directive 2011\/61\/EU (AIFMD). 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