Baltic Horizon Fund publishes its 2023 Annual ESG report
July 01 2024 - 10:45AM
Baltic Horizon Fund publishes its 2023 Annual ESG report
Baltic Horizon Fund today announces the release of its fifth
annual ESG report.
Tarmo Karotam, Fund Manager for Baltic Horizon Fund,
commented:
“We are very pleased to present our new ESG report covering the
fund’s operations for 2023. Environmental, social, and
governance considerations are increasingly important for real
estate investors, and at Baltic Horizon, we have made it a key
priority to provide investors, analysts, and tenants with up to
date information about the fund’s approach and performance on ESG
criteria.
- In 2023, we are especially proud of the BREEAM certification
that we have obtained for the entire portfolio of retail
assets.
- We are also very pleased that we have maintained the 4-stars
evaluation in the annual GRESB assessment.
- A key focus area for the fund is to increase energy efficiency
and use renewable energy in our properties. We are happy to report
that in 2023, renewable electricity covered 91 % of the portfolio
electricity. Additionally, the fund has signed private purchase
agreements with solar parks which will become effective in
2024.
- In 2023, we have used Carbon Risk Real Estate Monitor (CRREM)
to monitor the performance and carbon risk factors of all our
assets and to analyze against the CRREM pathway which is aligned
with the Paris Climate Goals.
Baltic Horizon’s ESG journey continues and in 2024, we will have
a particular focus on achieving 100% green lease coverage and on
utilizing renewable energy solutions in our properties when
possible. We look forward to communicating new milestones in 2024
and beyond.”
The full ESG report 2023 in English is attached and is also
available on the Fund’s
website: https://www.baltichorizon.com/esg/.
The Estonian translation of the report will be made available on
the website by 16 July
2024: https://www.baltichorizon.com/et/esg/.
For additional information, please contact:
Tarmo Karotam Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com www.baltichorizon.com
Baltic Horizon Fund is a registered contractual public
closed-end real estate fund managed by Alternative Investment Fund
Manager license holder Northern Horizon Capital AS. Both the
Fund and the Management Company are supervised by the Estonian
Financial Supervision Authority.
Distribution: Nasdaq,
GlobeNewswire, www.baltichorizon.com
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- Baltic Horizon ESG report 2023