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SUSTAINABILITY

AND ENVIRONMENTAL PROTECTION

SUSTAINABLE BUSINESS CONDUCT

AT DR. PETERS GROUP INCLUDING DR. PETERS ASSET FINANCE GMBH & CO. KG KAPITALVERWALTUNGSGESELLSCHAFT (AIF MANAGEMENT COMPANY)

As an AIF management company, we aim to make our contribution to sustainable investment and align our daily operating practices with the concept of sustainability. For the property portfolio under our management, we have specified a number of criteria that we will adhere to. These include not letting to tenants when there is reason to suspect right-wing extremism, terrorism or anti-democratic aspirations. With regard to business partners and supply chains, we insist on compliance with labour standards, occupational health and safety standards and the UN Guiding Principles on Business and Human Rights.

The AIF management company itself embraces fair pay, fair working conditions as well as training and development opportunities for all employees as key pillars of its human resources activities.

In addition, the AIF management company operates and requires strict adherence to its comprehensive compliance management system, which is continuously revised in line with current developments. This includes a whistleblowing system, protection of freedom of expression and comprehensive annual internal audits. Information is shared transparently, openly and regularly, including in staff meetings. Regular training is also provided. The system likewise covers investor communications. Investors are provided with comprehensive information on a regular basis, with no preferential treatment of individual investor groups. In addition, various channels are available for investors to raise concerns.

Where managing directors or senior employees of the AIF management company receive variable remuneration, this is also made consistent with the integration of sustainability risks in accordance with Article 5 of the Sustainable Finance Disclosure Regulation (Regulation (EU) No 2019/2088). 

Sections of our corporate headquarters building feature a living green roof. The multi-glazed windows have a shading system and the heating system meets state-of-the-art standards. The building is equipped with energy-saving LED lights throughout and corridor lights are timed to extinguish automatically.

We conserve resources by systematically separating waste and transitioning to digital investor information formats, and are reducing emissions by gradually converting the car fleet to hybrid or electric vehicles.
The various sustainability aspects mentioned above are incorporated into all asset-related decisions in property and asset management.

Within the AIF management company, we work with wholehearted commitment to implementing the measures described and the philosophy behind them.

In addition, European legislation has recently committed the financial sector to further rethinking as well as to concrete action towards sustainability, notably with regard to climate targets.

EUROPEAN CLIMATE LAW

OF 4 MARCH 2020

On 4 March 2020, the European Commission presented a proposal for a European Climate Law. This embodies the EU policy commitment to net zero emissions by 2050, thus setting out the future roadmap for EU climate policy. Previously, the European Commission already published three key objectives in its March 2018 Action Plan on Financing Sustainable Growth:

  • To reorient capital flows towards sustainable investment in order to close the funding gap for achievement of the climate targets;
  • To strengthen the financial system by managing financial risks stemming from climate change and social issues;
  • To foster transparency and long-termism in the financial sector.

In parallel with presentation of the Climate Law, a Technical Report was adopted establishing a taxonomy with criteria for economic activities. The criteria for economic activities are intended:

  • To contribute significantly to one of six specified environmental objectives (details below);
  • To do no significant harm (“DNSH”) with regard to the other five environmental objectives;
  • To comply with minimum standards such as the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights.

The six environmental objectives are climate change mitigation, climate change adaptation, the sustainable use and protection of water and marine resources, the transition to a circular economy, pollution prevention and control, and the protection and restoration of biodiversity and ecosystems.

A key element of the wide-ranging debate on sustainable finance comprises environmental, social and governance (ESG) criteria for business enterprises.

Dr. Peters Group and the AIF management company aim to contribute to sustainable investment in the medium to long term and to fundamentally align their activities with the concept of sustainability while avoiding adverse effects on the ESG criteria. The EU Sustainable Finance Disclosure Regulation (Regulation (EU) No 2019/2088) is currently not sufficiently specific to allow final conclusions to be drawn.