Mandatum Asset Management (MAM)’s real estate portfolio significantly improved its score in the 2021 GRESB Real Estate Assessment, earning the Green Star designation and Regional Sector Leader recognition for its sustainability efforts. Real estate investors use the international assessment to further develop their ESG framework.
This was the second time that Mandatum participated in the Global Real Estate Sustainability Benchmark (GRESB) Real Estate Assessment. This year, MAM’s score for its direct real estate investments was 84 points out of 100, and MAM placed first among 14 peers in the benchmark. The average peer score was 67 points
The Regional Sector Leader recognition is granted to organisations that are among the best performers across ESG for a specific real estate sector within their region, and Mandatum received this recognition for the first time this year. Additionally, Mandatum received the Green Star designation, which is granted to real estate investors that receive high scores in both management and performance.
“The excellent score was partly the result of our successful measures to reduce our properties’ energy and water consumption, along with mitigating emissions. One concrete way that we improved our figures was based on the transition to green electricity in our properties,” says Lilli Konttinen, Portfolio Manager at MAM.
GRESB assesses the sustainability of properties in the entire portfolio. The assessment includes an analysis of energy and water consumption, waste volumes, greenhouse gas emissions, risk management, stakeholder engagement as well as ESG reporting, principles and management.
MAM is constantly working towards reducing the climate risks of its investment activities. In the spring of 2021, a climate risk assessment was implemented for MAM’s real estate investments, including a systematic review of current and potential approaches to mitigate risks caused by climate change.
“We have worked harder than ever to achieve sustainable operations. We also received good points for stakeholder engagement, particularly with our tenants. Our tenants are key partners in our sustainability efforts, as emissions are directly related to their use of our properties. As a result, we have prepared a responsibility guide and our lease agreements include a green lease document, which provides guidelines and recommendations for environmental and corporate responsibility,” says Konttinen.
The number of participants in the GRESB assessment has grown each year with a total of 1,520 companies and funds from 66 countries participating in the 2021 Real Estate Assessment.
MAM manages over € 1 billion in real estate assets, including open and closed strategies across Finland and European real estate investments through externally managed funds. Investors in these strategies include both Sampo Group's insurance companies and MAM's clients. The investments are managed by MAM’s team of 20 real estate professionals.
Mandatum Asset Management engages in fund business and provides Sampo Group with discretionary and consultative wealth management and asset management services as an asset management company. Mandatum Asset Management manages EUR 24 billion in assets and employs around 120 investment professionals. Mandatum Asset Management belongs to the Sampo Group and is a sister company of Mandatum Life Insurance Company Limited.