Baltic Horizon Fund announces the release of its annual ESG report.
"Despite a turbulent economic environment, we maintained a strong focus on ESG
in 2021 and we also challenged ourselves to set more ambitious and broader scope
ESG goals for the coming years," said Tarmo Karotam, Fund manager. "We believe
that long-term value creation must be built on a strong foundation of
sustainability and good governance practice, which is why short-term and long-
term sustainability goals now include social and governance aspects as well."
Key highlights of the Annual ESG report include:
* In 2021, Baltic Horizon decided to classify as SFDR Article 8 fund which
among other characteristics promotes environmental and social
characteristics and is considered a light green fund.
* In the GRESB 2021 Real Estate Assessment, Baltic Horizon achieved a 70-point
score and maintained a 2-star rating.
* In 2021, Baltic Horizon certified all our office assets with BREEAM In-use
Good or Very good.
* In 2021, Baltic Horizon sold the G4S HQ asset. This decision was made also
taking into account the sustainability and low energy efficiency class (EPC
G) of the asset.
* Baltic Horizon is successfully moving towards net zero carbon target and in
2021 has installed a powerful 222-kW capacity solar power plant on the roof
of Domus Pro which is expected to cover 6-8 % of the park's annual
electricity needs and utilizes roof space for renewable energy generation.
* In 2021, Baltic Horizon signed a strategic partnership agreement with
Inbalance grid for electric vehicle charging station service in the office
properties. In 2021, charging points have been installed at the properties
located in Vilnius (Duetto and North Star).
* Over 2021, the most important social effort was to help tenants tackle the
impact of the pandemic. Baltic Horizon assessed the impact of COVID-19 on
each tenant's operating performance during the lockdown granted discounts to
the most affected tenants, while at the same time protecting the best
interests of unitholders and other stakeholders.
The report is attached and available on the website of the fund in English
at https://www.baltichorizon.com/esg-commitment/
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The Estonian translation of the report will be made available on the Baltic
Horizon Fund website https://www.baltichorizon.com/et/meie-puhendumus-esg/
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25 July 2022.
For additional information, please contact:
Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
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www.baltichorizon.com
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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
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