Invesco Real Estate

Invesco Real Estate

Anna Duchnowska

Invesco publishes its reports on global ESG activities - "Global ESG+R Report". The report also covers investments in Europe. They are included in the report: global ESG+R timeline Invesco, global ESG+R objectives, GRESB, PRI, sustainable development goals, TCFD alignment, GRI and INREV reports, green building certifications, Invesco Real Estate Social, property management resources, transparency and disclosure, asset level strategies and more.

Each year, we identify buildings as candidates for green building certifications such as LEED, BREEAM, HQE, Green Star, CASBEE, and IREM Certified Sustainable Property. In Poland: Q22 - BREEAM Interim Excellent certificate, Plac Unii - BREEAM certificate (very good), Galeria Kazimierz - BREEAM.

In Plac Unii in Warsaw, level +1 was modernized, which has become office space. The works were carried out in a way aimed at limiting the negative impact on the environment. Thanks to the cooperation with the Climate Strategies Poland Foundation, the carbon footprint of the reconstruction was monitored at every stage. The investor of the facility also introduced a number of solutions that had a real impact on reducing greenhouse gas emissions. In September 2021, the dismantling works were fully completed. During these activities, nearly 400 containers were utilized. A significant part of the materials obtained during the demolition phase was reused on the construction site. As part of the modernization, recovery accounted for 96.5 percent. The general contractor was obliged to present its solutions to reduce energy, water and dust consumption, and also had to present selected solutions for the appropriate disposal and recovery of raw materials. Building materials were purchased from companies that also strive to reduce the carbon footprint of their production. In Q22 in Warsaw, it only uses electricity obtained from renewable sources - from wind farms. In 2021, the first City Air Filter in Krakow was installed on the outer square of Galeria Kazimierz. It is also the first innovative device of this type installed by a private owner of a shopping center in Poland. The filter effectively removes from the immediate environment, among others: suspended dust, pollen, fungi, mites.

Invesco Real Estate’s commitment to ESG+R ensures we uphold responsible investment standards, are good stewards of the environment, celebrate diversity of thought from our colleagues, and give back to our communities. Invesco Real Estate recognizes that buildings create the environment in which people live and work. They define, in part, present and future quality of human life and the health and balance of the natural world. As fiduciaries to our clients and as responsible corporate citizens, we understand that the societal impact of the built environment is an important factor in creating and stabilizing community and maintaining social cohesion. Invesco supports local organizations around the globe through both charitable contributions and hands-on volunteering activities. Ultimately, we are motivated by the belief that doing what is right for the communities in which we operate helps us deliver positive outcomes for our clients. In Poland, Invesco finances the activities of the Sedeka Foundation. He regularly collaborates with the founder of Anna Dymna. Every year, it supports the actions of the WOŚP and Motoserce. It also organizes cyclical electrowaste collections and ecological events. Every year, all facilities organize Christmas gatherings for people in need.

Invesco Real Estate is committed to maintaining the highest standards of integrity and accountability in the stewardship of our affairs. We recognize that proper and effective corporate governance is important to shareholders and other stakeholders. We have strong policies and standards, including Invesco’s Code of Conduct, designed to safeguard the interests of our clients, ensure compliance with applicable laws, and provide accountability and control systems commensurate with our firm’s business activities. For Invesco Real Estate, transparency of operation and business ethics, as well as counteracting corruption (procedures and policies preventing the occurrence of corruption) are extremely important. High standards of relations with the company's shareholders and partners as well as transparent communication with the market are important. The management staff is selected in a transparent manner and competent in the scope of their duties. Equal treatment is also important - the participation of women in the management staff. We pay attention to this, and there was the supervision of the management board in the field of sustainable development management, both in terms of strategy, potential risks and the achievement of goals.

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