Skip to main content

Baltic Horizon Fund has published its Annual ESG report 2022

Baltic Horizon Fund today announces the release of its Annual ESG report 2022.

Baltic Horizon launched its ESG strategy in 2019, and in the subsequent years, despite a challenging economic environment, the fund has increased its level of ambition, aligning efforts to contribute to Northern Horizon Capital Group’s net zero carbon commitment by 2030 and the latest reporting regulations.

“Baltic Horizon Fund’s activities are built around the purpose to deliver value to its investors. We believe that the only way to ensure long-term value creation is by doing business in a financially, environmentally, and socially responsible way. In 2021, we started the preparations to report on EU Taxonomy alignment, and in 2022, we conducted full EU taxonomy alignment calculation which has given us an even deeper understanding of our assets and operations as well as the best practice criteria for policies and procedures,” commented Tarmo Karotam, Fund Manager of Baltic Horizon Fund.

The fund’s ESG strategy is centered around the following core elements:

  • Responsible investments – ESG factors are integrated in the investment strategies and sustainability risks are considered in the investment decision-making process.
  • Social value – We aim to deliver the highest wellbeing standards to all our stakeholders and to contribute to local communities.
  • Environmental impact – Our focus is not just on reducing carbon emissions but also on energy optimization, transitioning to renewables and mitigating all possible pollution sources related to real estate.
  • Governance – We strive for transparency and the highest standards in reporting and policies, thus continuously updating corporate policies and frameworks based on the latest recommendations and reporting standards such as SFDR.

ESG performance highlights 2022

In 2022, Baltic Horizon participated in the GRESB assessment for the fourth time. The fund achieved a score of 83 points (from 100) reaching a 4-star rating (out of 5 stars), thereby exceeding its goal to reach 3-star level.

After signing as a Sustainable Finance Disclosure Regulation (“SFDR”) article 8 Fund in 2021, Baltic Horizon conducted EU Taxonomy alignment calculation in 2022 to determine the percentage of sustainable activities of the portfolio.

During the second half of 2022 as the energy prices increased dramatically, the fund initiated a range of proactive measures to achieve immediate energy consumption reductions. The energy usage was successfully reduced by an 9-15% in the retail assets. Similar efforts were undertaken within the office buildings. These efforts had a substantial influence on the total GHG emissions for 2022 which were 27% less than in 2021.

The full ESG report 2022 in English is attached and can also be found on the Fund’s website at https://www.baltichorizon.com/esg/.

The Estonian translation of the report will be made available on the Baltic Horizon Fund website https://www.baltichorizon.com/et/esg/ by 24 July 2023.

Additional information:  

Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
www.baltichorizon.com

Baltic Horizon Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS.

Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.