{"id":7723,"date":"2023-11-21T15:40:11","date_gmt":"2023-11-21T13:40:11","guid":{"rendered":"https:\/\/eften.ee\/funds\/eften-special-opportunities-fund\/jatkusuutlikkus\/"},"modified":"2023-11-22T09:47:54","modified_gmt":"2023-11-22T07:47:54","slug":"sustainability","status":"publish","type":"page","link":"https:\/\/eften.ee\/en\/funds\/eften-special-opportunities-fund\/sustainability\/","title":{"rendered":"Sustainability"},"content":{"rendered":"<h2>Sustainability<\/h2>\n<p>&nbsp;<\/p>\n<p><strong>Summary<\/strong><\/p>\n<p>Usaldusfond EfTEN Special Opportunities Fund (hereinafter referred to as the Fund) promotes sustainable management of commercial real estate through green lease management, collection of consumption data and cost-effective improvement of asset sustainability performance which is measured by life-time improvements in EPC ratings and BREEAM certificates, where applicable.<\/p>\n<p>Every investment of the Fund is thoroughly assessed and scrutinized before an investment decision is made. All final investment decisions are done by investment managers of the Fund when and only when all relevant due diligence has been concluded.<\/p>\n<p>Objective fulfillment will be measured by sustainability indicators, sustainability, and energy performance certification levels. Improvement of sustainability indicators lowers the footprint of investment management and ensures cost-effective daily management of the Fund\u2019s properties. Data for the measurement of environmental or social characteristics is collected directly by the Fund.<\/p>\n<p><strong>No sustainable investment objective<\/strong><\/p>\n<p>This financial product promotes environmental or social characteristics, but does not have as its objective sustainable investment.<\/p>\n<p><strong>Environmental or social characteristics of the financial product<\/strong><\/p>\n<p>Sustainability criteria are included in the Fund\u2019s documentation, that must be followed throughout investment. This covers preacquisition sustainability performance assessment, sustainable portfolio management for assets acquired and\/or (re)developed and reporting to investors, where applicable. The Fund promotes sustainable management of commercial real estate through green lease management, collection of consumption data and cost-effective improvement of asset sustainability performance which is measured by life-time improvements in EPC ratings and BREEAM certificates, where applicable.<\/p>\n<p><strong>Investment strategy<\/strong><\/p>\n<p>The investment strategy of the Fund is financing and acquisition of real estate properties located in Estonia, Latvia or Lithuania that may already be or close to being distressed. The Fund is allowed to utilize leverage for financing purposes and each investment shall not constitute more than 25% of the Fund\u2019s committed capital.<\/p>\n<p><strong>Proportion of investments<\/strong><\/p>\n<p>The Fund\u2019s proportion of investments is provided in detail in the pre-contractual information available at: <a href=\"https:\/\/eften.ee\/en\/funds\/eften-special-opportunities-fund\/reports-and-documents\/\">https:\/\/eften.ee\/en\/funds\/eften-special-opportunities-fund\/reports-and-documents\/<\/a><\/p>\n<p><strong>Monitoring of environmental or social characteristics<\/strong><\/p>\n<p>The Fund\u2019s objectives are Fund life-time improvements of asset environmental and sustainability performance where cost-effectively possible and feasible, while contributing to climate change mitigation and adaptation to the maximum extent possible. Objective fulfillment will be measured by sustainability indicators, sustainability, and energy performance certification levels, where applicable. Improvement of sustainability indicators lowers the footprint of investment management and ensures cost-effective daily management of the Fund\u2019s properties.<\/p>\n<p><strong>Methodologies for environmental or social characteristics<\/strong><\/p>\n<p>In order to measure how the social or environmental characteristics are met, the Fund compares raw consumption data and energy performance levels with previous year\u2019s and start of investment data.<\/p>\n<p><strong>Data sources and processing<\/strong><\/p>\n<p>Data for the measurement of environmental or social characteristics is collected directly by the Fund. This includes consumption data and energy performance certification levels that is sourced from location. Additionally, stakeholder engagement is measured through regular questionnaires and feedback forms, where appropriate. Data is processed by the Fund and where applicable, assured by third parties. Levels of estimated data are kept as low as possible and disclosed to investors appropriately.<\/p>\n<p><strong>Limitations to methodologies and data<\/strong><\/p>\n<p>Data and methodologies described above do not suffer from any limitations at this stage.<\/p>\n<p><strong>Due diligence<\/strong><\/p>\n<p>Every investment of the Fund is thoroughly assessed and scrutinized before an investment decision is made. This process involves both legal and technical due diligence to highlight potential vulnerabilities and risks attached to the asset. All final investment decisions are done by investment managers of the Fund when and only when all relevant due diligence has been concluded.<\/p>\n<p><strong>Engagement policies<\/strong><\/p>\n<p>The Fund does not have engagement as a part of its environmental or social investment strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sustainability &nbsp; Summary Usaldusfond EfTEN Special Opportunities Fund (hereinafter referred to as the Fund) promotes sustainable management of commercial real estate through green lease management, collection of consumption data and cost-effective improvement of asset sustainability performance which is measured by life-time improvements in EPC ratings and BREEAM certificates, where applicable. Every investment of the Fund [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":7688,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-7723","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sustainability &#8212; 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\/funds\/eften-special-opportunities-fund\/sustainability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sustainability &#8212; EfTEN Capital\" \/>\n<meta property=\"og:description\" content=\"Sustainability &nbsp; Summary Usaldusfond EfTEN Special Opportunities Fund (hereinafter referred to as the Fund) promotes sustainable management of commercial real estate through green lease management, collection of consumption data and cost-effective improvement of asset sustainability performance which is measured by life-time improvements in EPC ratings and BREEAM certificates, where applicable. 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