Energy
We assess the energy performance of each property and gain insight into the energy performance opportunities for improvement.
IMPACT INVESTING WITH CARE
The mission of the Apollo Healthcare Property Fund is to initiate and manage long-term partnerships with institutional investors and healthcare providers to meet the growing and changing demand for affordable, sustainable care housing and facilities. By doing this, it provides high-quality healthcare real estate in the Netherlands, fulfilling the need for healthcare accommodation and facilities to improve the lives of people who need healthcare.
Investments in healthcare real estate yield secure (direct) income that are linked long-term to inflation, whilst contributing to a basic need for people. Healthcare consumers as well as healthcare providers benefit from sustainable accommodation and facilities.
SUSTAINABILITY
Responsible investment
Hartelt has been a signatory of the PRI (Principles for Responsible Investment) since 2017. PRI is supported by the United Nations and is the world’s leading proponent of responsible investment. Hartelt has also been a member of GRESB since 2016. GRESB is the Global Real Estate Sustainability Benchmark, an investor-driven organization committed to assessing the ESG performance of real assets globally.
GRESB score 2023
SUSTAINABLE DEVELOPMENT GOALS (SDGs)
17 Goals to Transform Our World
The Sustainable Development Goals (SDGs) are a call for action by all countries – poor, rich and middle-income – to promote prosperity while protecting the planet. They recognize that ending poverty must go hand-in-hand with strategies that build economic growth and address a range of social needs including education, health, social protection, and job opportunities, while tackling climate change and environmental protection. We recognise the importance of all 17 interconnected SDGs. Hartelt can make the most significant contribution towards the achievement of three of them.
SUSTAINABILITY RISKS
Hartelt integrates sustainability risks into its investment policy. A sustainability risk is defined by the European legislator as an environmental (environmental), social (human or social) or corporate governance (corporate governance) event or circumstance which, if it occurs, could cause a material adverse effect on the value of the investment. An example of a sustainability risk would be flooding (an environmental event) resulting from climate change, which would flood the property and render property temporarily uninhabitable. As a result, no rental income is generated temporarily, and costs have to be incurred to restore the property. This will have a negative impact on returns.
Hartelt has integrated sustainability risk assessment into its due diligence process. The properties are comprehensively assessed using the national GPR methodology where five themes are addressed: energy, environment, health, user quality and future value.
The minimum GPR score for inclusion in the Sub-Fund is 7.5 for new construction projects and for existing properties, the Sub-Funds aim for a minimum of 7.0. By taking the above factors into account in the investment process, sustainability risks are avoided as much as possible. If a property does not meet the GPR score, a detailed renovation plan on how the desired GPR score will be achieved in the short term will be included as part of the investment proposal.
PRINCIPAL ADVERSE IMPACTS
In addition to sustainability risks, Hartelt also considers principal adverse impacts of its investment decisions on sustainability factors. Hartelt has therefore a Principal Adverse Impacts (PAI) statement.
NET ZERO TARGET
Hartelt is committed to carbon reduction targets aligned with Net Zero.
Our net-zero carbon commitment focuses on the carbon emissions that occur during the use (‘in-use’) phase of the asset and aims to minimise energy consumption and carbon emissions related to the energy use during operations. Hartelt’s KPIs and actions considering Net zero carbon are:
ACTIONS (Portfolio)
- Set up monitoring system to measure all energy and CO2 data of assets
- Reduce energy consumption and CO2 emissions of assets
- Install renewable energy sources on-site
ACTIONS (Operations)
- Hartelt’s operational activities use energy from renewable sources, either on-site of off-site generated, by 2030
- Switch to an all-electric fleet by 2030, applicable to company-owned vehicles
- Include GHG compensation measures during transitional periods to offset emissions
COMMITMENT TO AN INCLUSIVE WORKSPACE
Hartelt is committed to an inclusive workplace that embraces and promotes diversity and equal opportunity. We value, respect and leverage the unique contributions of people with diverse backgrounds, experiences and perspectives to enhance understanding of the needs of our customers and provide innovative solutions and products to an equally diverse community.
We oppose all forms of discrimination, whether it be on the basis of age, disability (physical or neuro), sex, sexual orientations, race, religion or belief, gender reassignment marriage or civil partnership, pregnancy and maternity or any other characteristic.
Selection for employment, promotion, training or any other benefit will be on the basis of aptitude and ability. All employees will be helped and encouraged to develop their full potential and the talents and resources of the workforce will be fully utilised to maximise the efficiency of the organisation.