Sustainability (ESG)

 
 
Our purpose is to ‘provide a sustainable financial future to every individual’. ESG plays an integral role in this purpose and is intrinsically driven. We embarked our ESG journey, as a corporation but also as individuals. We have a tailored and hands-on approach towards ESG and are constantly seeking balance between maximizing risk-adjusted returns for our clients and adhering to ESG principles.
Our purpose is to ‘provide a sustainable financial future to every individual’. ESG plays an integral role in this purpose and is intrinsically driven. We embarked our ESG journey, as a corporation but also as individuals. We have a tailored and hands-on approach towards ESG and are constantly seeking balance between maximizing risk-adjusted returns for our clients and adhering to ESG principles.

Environmental, Social and Governance

It is our aim to help individual and institutional clients secure their financial future through investments in strategic real assets, while creating a better living environment for future generations. ESG plays an integral role in this purpose and is intrinsic driven. We embarked our ESG journey, as a corporate but also as individuals. We have a tailored and hands-on approach towards ESG and are constantly seeking balance between maximizing risk-adjusted returns for our clients and adhering to ESG principles. In our view it is about taking action, and this all starts with transparency, for instance by measuring the carbon footprint of our own organisation and the asset under management. Here is an overview of our ESG initiatives so far.

Annual Sustainability Report Primevest Capital Partners

Primevest Capital Partners and Holland Immo Group launch their annual sustainability report for 2023, highlighting key learnings, achievements, success stories with our stakeholders, and forward-looking strategies that reflect our commitment to building a sustainable and responsible future.

Gaston Hupkens, Head of Operations: “ESG is not just a check-box; it reflects our long-term vision and forward-thinking approach to drive lasting change in our sector.”

 
Read our Sustainability report 2023 here

At Primevest, we have a clear purpose: Empowering financial futures, enriching our living world. This statement reflects a genuine commitment to transformative change in the real asset sector. We are dedicated to investing in the future of our cities and collecting capital through investment funds that target resilient and robust real asset categories. By addressing some of the greatest challenges of modern life in our cities such as affordable housing, parking and mobility issues in densely populated urban areas, and the impact of the growing and ageing population, we demonstrate our goal to build sustainable communities that not only survive but thrive.

One vision, two labels – Investing in the future of our cities
As Primevest Capital Partners and Holland Immo Group continue their journey together toward a more sustainable and responsible future, we are becoming more aware every day that ESG factors are integral to our investment strategy and essential for our longterm success. Our mission is to shape the cities of tomorrow by aligning our investments with social megatrends and ensuring that our ongoing impact is measured, not only by financial returns, but also increasingly in terms of positive contributions to society and the environment.

Roadmap hightlights 2023
Primevest has set itself ambitious goals, including a commitment to achieve net zero carbon emissions at all its assets under management by 2040, well in advance of the target of the Paris Agreement. While we acknowledge that the road ahead will demand a major and well-coordinated effort, our commitments are grounded in a robust sustainability framework.

Some of our key achievements so far include:

  • 11.6% CO2 reduction of the corporate organisation
  • Company car e-vehicle directive introduced with the aim of reducing vehicles using fossil fuels within 3 – 4 years
  • Submission of first UNPRI Report 2023
  • Completion and delivery of green5, a sustainable residential complex in Vienna, Austria
  • Primevest acquired a minority stake in Zoncoalitie, a company advancing solar solutions for commercial properties
  • Absenteeism rate of 3.13% vs average of 5.0% in the Netherlands and 5.7% in Germany

Impact interviews
In this year’s sustainability report, we also highlight our most impactful and inspiring collaborations and succes stories with our stakeholders, showcasing the significant milestones achieved on our ESG journey.

Our path forward: shaping sustainable investments for the future
Our vision is to be a leader in sustainable urban development, by investing in assets that transform cities while contributing to a low-carbon, socially inclusive, and technologically advanced future. We aim to develop into one of the most attractive employers in the real assets industry, attracting creative talent that embraces our mission with the desire to create positive impact wherever possible. By 2040, we aim to be a carbon-neutral organisation, fully aligned with global efforts to mitigate climate change. Our ESG strategy embeds sustainability into every facet of our investment and asset management approach. Whether it is investing in energy-efficient residential properties, enhancing digital communication infrastructure with minimal negative environmental impact but substantial positive societal impact, or transforming car parks to support cleaner, greener driving technologies, we are committed to delivering resilient, future-proof assets that benefit both people and the planet.

Read our Sustainability report 2023 here >

 

UNPRI – Signatory

Primevest Capital Partners is proud to be a signatory to the United Nations backed Principles for Responsible Investing (UNPRI).

 
Learn more about the UNPRI Signatory
 
 

UNSDG Goals

At Primevest our Environmental, Social and Governance framework is based upon the UN sustainable development goals, or ‘UNSDG’. The SDGs provide an universally recognized framework for global development. We view the SDGs as a guiding compass for our ESG understanding and responsible practices. While we endorse and support all the SDGs, we identify the following as the most relevant, and closest to our company’s values. These selected goals form an integral part of our corporate and fund-specific sustainability strategies. Primevest will focus in general on the following seven goals.

 
Learn more about the UNSDG Goals
 
Gender Equality
 

Goal 5 – Gender Equality:  In our organization we foster diversity, ensuring fair compensation, and promoting inclusive growth for all our team members. We believe in creating an environment that values and embraces differences, providing equal opportunities for everyone to thrive and advance personally and professionally.

 

Affordable and Clean Energy
 

Goal 7 – Affordable and Clean Energy: Reducing reliance on fossil fuels is crucial for both the environment and society. Therefore, SDG 7 – Renewable Energy plays a significant role in creating sustainable communities and shaping a better future. By actively promoting renewable energy in our assets and investing in renewable energy initiatives, we aim to create resilient assets.

Decent Work and Economic Growth
 

Goal 8 – Decent Work and Economic Growth: At Primevest, we believe that economic success and a value-driven investment strategy form the cornerstone of securing sustainable employment opportunities and fostering robust economic growth.

Industry, Innovation and Infrastructure
 

Goal 9 – Industry, Innovation and Infrastructure: We actively promote low-emission infrastructure by strategically locating our assets near urban areas with convenient access to public transportation. We prioritize the development, modernization, and repositioning of existing assets to enhance their resilience, reduce emissions, improve cleanliness, and enhance flexibility.

Sustainable Cities and Communities
 

Goal 11 – Sustainable Cities and Communities: Our mission is to invest in the future of cities and as such we see the UNSDG Goal 11 – Sustainable Cities and Communities as the overarching ambition of our ESG agenda. We contribute to safe and smart cities with a focus on human needs and the environment. Technological and environmental innovations are the binding factors and in one way or another all our funds contribute to the development of sustainable cities.

  • Technology provides the infrastructure backbone by delivering the technology and data to enable people to live more sustainable lives;
  • Residential: provides our urban dwellers with contemporary and affordable housing – and together with our investors we are working to ensure that the housing we deliver is created with long-term sustainability in mind;
  • Parking: car parks are becoming mobility hubs for city centres. They not only provide a roof for cars but take vehicles off the streets and are starting to offer wider uses, such as drop-off and delivery nodes. Surprisingly car parks are one of the most energy-efficient real assets
Responsible Consumption and Production
 

Goal 12 – Responsible Consumption and Production: At Primevest, we anchor ESG criteria in both our company practices and investment projects. When planning our residential and parking assets, we prioritize resource conservation and aim for optimal flexibility and durability. We foster an open and collaborative relationship with all stakeholders, including planners, contractors, and end-users, to ensure a holistic approach throughout the project lifecycle.

Climate Action
 

Goal 13 – Climate Action: We place great emphasis on reducing emissions, particularly CO2 emissions, as a key component of our ESG strategy. We are committed to making a meaningful contribution to climate protection by actively reducing and offsetting our company’s carbon footprint and that of the assets we manage.

 

Our roadmap to 2050

 

Our climate target: Primevest Capital Partners has set a roadmap with sustainability goals how to become net zero by 2050. Although we believe ESG is a process and not an outcome we set the ambition to achieving net zero carbon by no later than 2050, across our corporate organisation and assets under management, in line with EU Green Deal. This is the starting point of our action plan to mitigate carbon emissions which is leading in our journey towards net zero in 2050.

 
 
GREEN & SUSTAINABLE

New Office Utrecht

In February 2023 we moved to Central Park in Utrecht, an office building on a Central Station location, which underpins our sustainability ambitions. “The move to this sustainable office fits very well with our sustainable ambitions. Central Park has a BREEAM Excellent rating. Among other things, the building is equipped with energy-saving (climate) installations, solar panels, a 50-metre-deep thermal power plant and has an energy label EPU A++++. Primevest is committed to a consistent approach to ESG across all offices, business units and funds. “Central Park, with its high standards in sustainability, innovation and well-being, is a good match, said Peter Helfrich, Managing Director at Primevest Capital Partners.”


 
 

Sustainability related disclosures (EN), Nachhaltigkeitsbezogene Offenlegungen (DE)