Responsibility

Aermont seeks to incorporate environmental, social and governance (ESG) commitments across its activities and on behalf of the funds. Our goal is to generate high quality, innovative and sustainable assets for current and future investors, occupiers and other stakeholders, while positively contributing to local communities.

Aermont is a signatory of the UN Principles of Responsible Investment (PRI) and participates in GRESB to demonstrate transparency and performance across ESG dimensions.  1 Aermont has submitted to the GRESB real estate benchmark since 2014 (Fund II), with Fund III reporting since 2019 and Fund IV since 2022 (Development benchmark, Standing benchmark since 2023). Funds III and IV have consistently achieved Green Stars and scored above European and global GRESB averages for 2022-2024. In 2025, Fund IV participated and ranked no. 2 in the European Diversified Opportunistic customised peer group for both Standing and Development benchmarks.

Green building certification is central to Aermont’s sustainability strategy, informing our action plans and communicating performance to a wide range of stakeholders. Certifications already awarded, or reasonably expected, for various investments made by the funds to date include: BREEAM Excellent, LEED Zero, LEED Platinum, LEED Gold, HQE Excellent, DGNB Gold, DGNB Silver, WELL Platinum and WIREDScore. Aermont has also taken steps to monitor, evaluate and reduce the environmental impact of its standing investments by collecting performance data that complies with international guidelines and implementing best practices for energy, greenhouse gas emissions, water and waste management.

Aermont seeks to reduce the negative environmental impact of its activities, while contributing to the Paris Agreement’s goal to keep global warming below 1.5 degrees. For example, we set certain carbon targets that reflect the nature of our business and investments, as set-out below. 2

  • Ground‐up developments and major refurbishments: Ground‐up developments and major refurbishments commenced after 2021 are expected to align with the Paris Agreement and be designed to sit below the relevant CRREM 1.5 degree decarbonisation pathway for 15 years post completion, with the intention of making them Net Zero Operations-ready for future owners should they wish to pursue that objective. 3
  • Operational assets: Operational assets are expected to align with the Paris Agreement and operate below the relevant CRREM 1.5 degree decarbonisation pathway by 2030, or five years post‐acquisition if purchased after 2026.
  • Corporate investments: We will seek to reduce the carbon intensity of majority‐controlled corporate investments, working with the operational teams to develop robust ESG strategies that reflect Aermont’s own ambitions.

Aermont’s team comprises a diverse group of professionals, with a variety of skills, expertise and experience, as well as geographic and cultural backgrounds. Aermont tracks various diversity indicators and has policies in place to support a diverse and inclusive workforce at every level of the organisation. We also support the Girls are INvestors (GAIN) Empower Internship Programme in partnership with Level 20 to help foster young talent and gender diversity in the industry. 2024 marked our first year of participation – two female university students completed a six-week internship in our London office. They joined the Investment Team as Analysts in September 2025.

Strong governance and discipline are foundations of Aermont’s investment approach. Key principles include, among others: (i) skilled and dedicated professionals, (ii) transparency, (iii) the prioritisation of capital preservation, (iv) rigorous investment and operational policies and procedures, (v) strong alignments of interest, and (vi) appropriate independence for certain key functions.

 

Sustainable Finance Disclosure Regulation

Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector (the “Sustainable Finance Disclosure Regulation”) came into force on 10 March 2021. To comply with its obligations under the Sustainable Finance Disclosure Regulation, Aermont Capital Management S.à.r.l. has published the following disclosures which contain certain information regarding its approach to the integration of sustainability risks and the consideration of adverse impacts on sustainability factors.

1GRESB participation involves responding to annual surveys with entity and asset level information, following which GRESB assesses sustainability performance against a range of ESG indicators and benchmarks. For further details regarding GRESB see: https://www.gresb.com/nl-en/real-estate-assessment/. PRI is a voluntary initiative with signatories reporting annually on ESG practices at entity and asset level, which are assessed against six PRI principles.

2These targets apply to projects commenced after 2021 (reflecting the date targets were set). The financial sector does not currently have fully established methodologies and tools to measure and manage carbon emissions across all types of financing activities and sectors. The related regulations and standards may be inconsistent and continue to develop. There is no guarantee that these targets will be reached. We will work to expand our approach as industry practice and regulations develop.

3Aermont defines Net Zero Operations in line with the UK GBC “Net Zero Carbon Buildings: A Framework Definition”. Net Zero Carbon – Operational Energy: “When the amount of carbon emissions associated with the building’s operational energy on an annual basis is zero or negative. A net zero carbon building is highly energy efficient and powered from on-site and/or off-site renewable energy sources, with any remaining carbon balance offset.”