At Sirius, we firmly believe that environmental, social and governance matters are fundamental to achieving long-term success. We recognise the importance of integrating environmentally conscious practices into all aspects of our operations. As areal estate owner, we are well positioned to actively contribute to a more sustainable environment.
Our primary objective is to minimize our environmental footprint by implementing sustainable practices that promote energy efficiency, waste reduction and resource conservation. We want to create a positive and healthy environment for our tenants and be a responsible landlord.
As a fiduciary we must always put the interests of our investors and clients first. We aim at generating sustainable returns while aligning the business practices with environmental and social goals.
Sirius has been a member of Green Building Council Finland since its establishment. In addition, starting from 2022, Sirius is a signatory of the UN Principles for Responsible Investment (PRI).
The construction and real estate sector have a crucial role to play in combating climate change and reducing their environmental impact. At Sirius, we recognize the importance of integrating environmental, social, and governance (ESG) aspects throughout the lifecycle of our assets.
One of our primary focuses is on energy efficiency. We evaluate and implement energy-saving technologies, promote the use of renewable energy sources, and explore on-site energy production options whenever feasible. By adopting sustainable building practices, such as careful material selection and implementing water-saving systems, we strive to minimize the environmental footprint of our properties.
We also place emphasis on tenant engagement and encourage sustainable practices among our tenants. We promote efficient waste recycling and aim at increasing the recycling ratios within our properties.
During our ownership period, we collect and monitor utility data, including energy consumption, water usage and other relevant metrics, for our assets. We are committed to ongoing monitoring, evaluation, and development of our sustainability practices.
Sirius is committed to doing business ethically, with the highest standards of integrity, and to maintaining a culture which reinforces and encourages this approach among its employees and business partners.
We engage leading advisors and service providers to ensure compliance with laws and regulations. We monitor and stay updated on relevant changes to such laws and regulations in each country where we operate or control legal entities.
We have zero tolerance for bribery of any sort in all activities, any potential situations of conflicting interests are monitored on an ongoing basis. Through a functioning governance structure, we establish frameworks and practices to ensure transparency, accountability, risk management, compliance, and ethical conduct that contribute to the trust and confidence of our stakeholders.
Sirius encourages and promotes transparent communication with all stakeholders. The most important stakeholders are investors, employees, and tenants.
The success of Sirius is reliant on the quality and performance of individuals in the firm working together, and supported by the operations, systems, and infrastructure. Sirius promotes an enjoyable and positive working environment with a good spirit. We value diversity and different personalities, life experiences and skillset and believe they are key to achieving our goals, both in short- and long-term. All employees are treated with dignity and respect and offered an opportunity to develop in their careers. We compensate our employees fairly and strive for a good balance between work and free time.
When it comes to stakeholder engagement, our primary objective is to build transparent, trust-based relationships. Furthermore, stakeholder involvement and co-operation have an important role in sustainable and effective real estate management. We strive to meet our stakeholders with high professionalism, respect and in accordance with our code of ethics in all our business operations.
Carbon neutrality: Sirius is committed to reducing its own carbon footprint, as well as the carbon footprint of its advised funds. Our aim is to achieve carbon neutrality for our operations (Scope 1 and 2) by 2028. As a second step, we are targeting carbon neutrality for scope 3 and construction related lifetime emissions by 2035. To achieve these objectives, we will concentrate on a couple of key actions as described below. Buying renewable energy as well as compensating emissions through offsets will be considered when energy efficiency and on-site energy production has been evaluated.
Energy efficiency: Focus on reducing energy consumption and increasing energy efficiency across operations, exploring climate-profitable solutions and utilizing renewable energy sources. We will pay attention to the Energy Performance Certificate (EPC) rating of our assets.
On-site energy production: Incorporate geothermal heating and other initiatives like solar panels to increase energy production and optimize energy efficiency when possible.
ESG strategy for new developments: Establish an ESG strategy that addresses energy efficiency, material selection, compliance with the EU Taxonomy, and other relevant factors for new developments.
Certification: The aim is to certify all assets with an international certification such as LEED or BREEAM.
Tracking: Annual emission calculations and follow-up of other relevant KPIs to ensure alignment with our targets. The fund’s sustainability performance will be disclosed to the investors on a yearly basis.