Today, the term sustainability is understood to mean sustainable development that meets the needs of the present without compromising the ability of future generations to meet their own needs. (Brundtland Report of the United Nations). According to this definition, CCI has made it its business to act sustainably in different areas of its daily business. Several measures for climate and environmental protection are described below, which are intended to reduce the ecological footprint of CCI itself as well as in the investments managed by it. In addition to its ecological responsibility (Environment), CCI – also as an employer and stakeholder in the real estate industry – bears a social responsibility (Social) for which the company owners are aware and which is to be achieved through targeted measures. Sustainable governance structures are also part of CCI's corporate culture. This is why CCI has formulated an Environment, Social and Governance (ESG) strategy to focus and motivate corporate endeavour in these three areas:
Excerpt from Competo Capital Invest GmbH’s Environmental, Social and Governance strategy
Corporate level
ESG
- Regular appeal for resource- & energy-saving behaviour in everyday office life
- Support for employees to use public transport
- Promote fair conditions in the workplace, diversity and training and development
- Measures to prevent corruption and money laundering
- Ensure occupational safety, workers' rights, and data protection
- Prevention of conflicts of interest and possibility of whistleblowing in case of misconduct
Investment level
ESG
- High demands on the building structure to be financed and constructed
- Requirement to comply with the (German) Building Energy Act
- Preferential financing of certified projects (DGNB, LEED, BREEAM, etc.)
- Preference for refurbishment/renovation instead of demolition and new construction
- Requirement for social behaviour by investors and debtors
- Motivation for socio-cultural interim use of properties before the start of a project