Governance

Redevco’s Board sponsors our responsible investment approach, which is proposed and promoted 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. The team works in close cooperation with the Fund Management team, which represents our investor clients.

The Sustainable Business Operations team also sets the corporate sustainability targets for Redevco’s office operations, namely for energy use, air travel and company cars. Furthermore, it coordinates with the Corporate Communications team to produce this annual responsible investment report.

Our asset managers are 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