Governance

Redevco’s Board sponsors our responsible investment approach, which is managed by our Sustainable Business Operations department.

Located in Amsterdam, the Sustainable Business Operations team is primarily responsible for developing, implementing and overseeing the execution of the sustainability initiatives for the assets under management. Furthermore, this team drives Redevco’s ambition to operate as a sustainable platform by setting corporate standards, namely in the areas of energy consumption, air travel and company cars.

The team works in close collaboration with Fund Management, representing our investor clients, to translate the funds’ strategies into actions that future-proof the individual properties. Our asset managers are then responsible and accountable for executing our sustainability initiatives (BREEAM improvements) at property level. They receive support from colleagues who have become sustainability specialists (there is at least one in each Redevco country team), and from members of the central Sustainable Business Operations team. Each country team has a portfolio director who oversees the delivery of improvement initiatives. At Redevco we encourage all of our colleagues to contribute so that we can achieve our specific BREEAM improvement targets. Since the beginning of 2017, Redevco has increased cross-border collaboration involving managing directors, portfolio directors and finance directors. Responsible investment is a recurring theme for these meetings since it ensures a common understanding and drives our sustainability ambitions across all regions.

Figure 2.5. Sustainability Business Operations Process & responsibilities