We are in on the birth of future residential areas. Here and now, we take account of the impact elsewhere and later on, because we’re also keen for future generations to be able to live enjoyably, healthily and in comfort. This is why we invest in corporate social responsibility in the broadest sense. We look beyond merely the environment, and doing this bears its own fruits. Amvest and its funds are involved in the GRESB benchmark each year; the annual, global benchmark dealing with ESG (Environmental, Social, Governance) topics.
We invest in the creation of attractive, vibrant and therefore sustainable areas. Areas that ring true from a socio-economic perspective. Areas that are physically well integrated and that are readily managed from a financial viewpoint. Where future generations will live, work and stay happily, healthily and comfortably. We build homes, commercial and social facilities with extended lifespans in these places. Using sustainable materials, a minimal environmental footprint and high quality public spaces. We get residents, neighbours and users involved from the outset, so we can all work towards a great living environment. And once we’ve done this, we keep on investing, to keep the area attractive in the longer term for both residents and investors.
We pursue an active policy on sustainability with our residential investment funds. This policy came about through discussions with tenants, investors, property managers, developers and employees. Together, we set out the concrete ESG (Environmental, Social and Governance) targets. These non-financial criteria form a fixed element of our investment policy and portfolio management.
The Amvest Residential Core Fund, the Utrechtse Fondsen Vastgoed C.V. and the Separate Accounts all contribute to expanding our inventory of unregulated rental properties in the medium-priced sector. The homes are built using sustainable, environmentally friendly materials. Over the past 2 years, we have fully renovated 1,200 homes and have installed solar panels in 2,500 homes.
We also invest substantially in sustainable technology such as heat and cold storage, a more comfortable form of clean energy. The Amvest Residential Core Fund achieved the maximum 5 stars out of 5 in the Global Real Estate Sustainability Benchmark (GRESB) in 2020.
The Amvest Living & Care Fund also has an extensive sustainability strategy. As well as constructing energy-efficient care homes, the focus here is on social impact, by creating an excellent living environment for the vulnerable elderly population. The starting point here is personal, high value care. Our sustainable strategy and its implementation led to the Fund achieving the maximum 5 stars in the Global Real Estate Sustainability Benchmark (GRESB) in 2020 for the third year running. The Amvest Living & Care Fund also won 5 stars in 2020, as well as being the most sustainable care property fund in the world.
Amvest applies an internal code of conduct for its board and staff. We place the highest value on integrity, transparency and corporate social responsibility. As well as our own Amvest Code of Conduct, Amvest is also a member of the Netherlands Association of Institutional Investors [Vereniging van Institutionele Beleggers in Vastgoed Nederland (IVBN)] and the Association of Netherlands Project Development Companies [Vereniging van Nederlandse Projectontwikkeling Maatschappijen (NEPROM)], so that the codes of conduct of these two industry bodies also apply to us.
In addition, Amvest is a member of the Dutch Green Building Council, the Sustainability Committee of NEPROM and the IVBN Taskforce on Sustainability. Amvest is also a regular participant in sustainability platforms and the GRESB benchmark.