Baltic Horizon Fund Unveils Comprehensive ESG Insights for 2024

Baltic Horizon Fund Unveils Its Annual ESG Report for 2024

Baltic Horizon Fund has just published its comprehensive ESG report for the year 2024.

Since 2019, Baltic Horizon has actively implemented its ESG strategy, dedicating significant resources to enhance environmental, social, and governance practices across its asset portfolio. This commitment is integral to their investment strategies and decision-making processes.

In recent years, the operational environment has been challenging. For 2024, Fund Management has focused intensely on optimizing portfolio potential for a robust future. Tarmo Karotam, Fund Manager for Baltic Horizon Fund, commented on their dedication to enhancing ESG data quality and adopting renewable energy sources to meet the rising demand from tenants for sustainable spaces.

Key ESG Achievements of Baltic Horizon Fund in 2024

The Fund boasts a stellar achievement in 2024, maintaining a 100% BREEAM certification across its portfolio. Notably, the Meraki office building received the BREEAM New Construction certificate, achieving an Excellent grade, a step up from its previous Very Good rating.

Our commitment to sustainability is further demonstrated through green leases, which formalize our sustainability commitments with tenants. This year, we reached an impressive 98% coverage of green leases, moving closer to our goal of full compliance on this front.

In alignment with EU Taxonomy guidelines, the Fund analyzed its investments, finding that in 2024, 23% of its real estate investments met the substantial contribution criteria for sustainability, a marked increase from last year’s 14%.

Renewable Energy Integration and Future Goals

2024 also marked a significant milestone for our energy strategy, with 86% of electricity used across the properties coming from renewable sources. Out of the 12 assets owned, 2 feature on-site solar panels, and 10 utilize renewable electricity. To further bolster our renewable energy usage, we've entered into private power purchase agreements (PPAs) for solar and wind power, with two PPAs already becoming operational in 2024, and additional agreements anticipated for 2025.

GRESB Evaluation and Future Aspirations

This year, the Fund once again took part in the Global Real Estate Benchmark (GRESB), proudly earning a 3-star GRESB rating. Post-evaluation, the team has devised a comprehensive action plan aimed at achieving a 4-star rating by 2025.

The complete ESG report for 2024 is accessible on the Fund's website, showcasing our commitment to transparency in sustainability practices.

Engage with Baltic Horizon Fund

For those looking for more information on our initiatives and projects, please feel free to reach out.

Tarmo Karotam
Fund Manager, Baltic Horizon Fund
E-mail: tarmo.karotam@nh-cap.com

The Fund operates as a registered contractual public closed-end real estate fund managed by Northern Horizon Capital AS, a license holder of the Alternative Investment Fund Manager.

Frequently Asked Questions

What is the main focus of the Baltic Horizon Fund's ESG report?

The ESG report highlights the Fund's commitment to sustainability, showcasing initiatives and performance metrics related to environmental practices, social responsibility, and governance.

How does Baltic Horizon Fund plan to enhance its sustainability efforts?

They aim to achieve full green lease coverage and improve renewable energy utilization through agreements for solar and wind power.

What were the ESG performance highlights for 2024?

Key highlights include maintaining 100% BREEAM certification, achieving 98% green lease coverage, and having 86% of electricity from renewable sources.

How can I access the full ESG report?

The complete report can be found on Baltic Horizon Fund's official website.

Who can I contact for more information about Baltic Horizon Fund?

Tarmo Karotam is the Fund Manager and can be reached via email for further inquiries.

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