Governance of Sustainability activities

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Offering a fresh perspective

Our Sustainability team is located in Amsterdam and consists of four colleagues. Its primary responsibility is to drive progress of Mission 2040 – Redevco’s long-term sustainability ambition of achieving a Net Zero Carbon portfolio by 2040 – and to embed our mission into the organisation.

Team effort

Working together across the whole organisation

The Head of Sustainability reports to the Board member responsible for Research & Strategy, Innovation and Sustainability, and an ESG update is a standing agenda item at every Board meeting. 

The Sustainability team is working closely with the asset development teams in the different countries from the earliest stages of new projects. Ambitions and targets are determined together upfront and then communicated to the design teams. All investment proposals – for acquisitions as well as capex spend on (re)developments – are reviewed by the Sustainability team prior to deliberation by the Investment Committee to verify that the appropriate ESG actions are incorporated in the plans. 

Furthermore, to ensure that relevant and appropriate ESG parameters are included in investment mandates, the team collaborates closely with colleagues representing our investor clients at Client & Fund Management. 

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Team effort

Building knowledge and expertise

Building knowledge and expertise on the impact of climate change on real estate assets is an important requirement to spur deliberate action at asset level. To inform and involve Redevco’s internal and external audiences, the Sustainability team collaborates with and is supported by the Redevco Corporate Communications team. In addition to spreading our message through creating various PR opportunities, The team also helps to internalise the mission 2040. and to engage all colleagues on the importance of impact and sustainability in all we do in pursuit of that mission. and how impact topics need to be seen on an equal footing to financial return requirements. 

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Office operations

Pushing for cultural and behavioural change

The Sustainability team will have an important role to help push the cultural and behavioural change necessary to deliver on this ambition in the years to come. Wanting to be consistent with ambitions for our assets under management, we also strive to decrease Redevco’s own organisational carbon footprint. 

The Sustainability team sets the corporate sustainability targets for our office operations, focusing on areas such as office energy use, company cars and air travel. Finally, the team is also responsible for coordinating the grant-making initiatives of the Redevco Foundation. 

Meet the team

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Clemens Brenninkmeijer

Head of Sustainability