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Real Estate Investments Environmental Indicators

E | Environment 2023 2022 2021 2020 2019

We aim to consider the environment in all our choices, both indirectly in our investments Heating and cooling, 9,259 9,640 14,055 10,521 11,094
and directly in our operations. It is important for us to operate with a minimal carbon normalized (MWh)
footprint. Our goal is for our real investments to be carbon neutral by 2030. We also
consider biodiversity in our operations, especially through our forestry investments. Electricity (MWh 2,017 2,115 3,572 3,342 3,677

Greenhouse gas emissions, tCO2 1,440 1,246 2,771 2,379 2,777

Energy intensity (kgCO2/m²) 16.86 14.59 22.63 21.07 24.61

Real Estate water consumption, m3 49,961 48,788 77,696 85,938 76,564

Total number of properties 16 16 22 21 21
in portfolio

Monitoring the Sustainability Factors International Commitments Under­ Goal: Carbon Neutrality for To reduce emissions, the Seafarers’ Pension Fund is
of Our Investments pinning Our Investment Activities Real Investments by 2030 gradually transitioning its properties to green electric-
ity and optimizing energy consumption. In addition to
We pay attention to the sustainability of all our in- The principles of responsible investing guide our in- The Seafarers’ Pension Fund has set a goal for its real improving energy consumption efficiency in proper-
vestments, monitoring this through factors such as vestment activities. As a small operator, it is impor- investments, which include direct property invest- ties, the use of green electricity will also be expanded
the portfolio’s ESG rating, carbon dioxide emissions, tant for us to collaborate with organizations and other ments as well as forestry and infrastructure invest- to properties in Åland and the gradual transition to
and property energy consumption data. We set goals entities. We are a member of Finland’s Sustainable ments, to be carbon neutral by 2030. Action plans geothermal or green district heating will continue. The
to make our portfolio increasingly sustainable. In the Investment Forum FINSIF. We are committed to the have been created to achieve this goal. Additionally, we goal is to reduce emissions by a quarter by 2025. The
Seafarers’ Pension Fund’s investment activities, special Paris Align 2 level and the UN Global Compact initia- influence our asset managers to improve the coverage carbon intensity target was achieved in 2022.
attention is paid to ensuring that the funds operate tive, guiding our actions in mitigating climate change of sustainability analysis in the future.
responsibly relative to their peer groups. At the end according to sustainable international principles. In Our Carbon Footprint
of 2023, the weighted average of total carbon risks terms of international financial security, we adhere Sustainability of Our
for listed investments (MSCI data) was 112.2 (107.9) to the Financial Action Task Force (FATF) recommen- Property Investments During 2023, we halved the office space we use. This
tonnes of CO2 equivalent per million dollars of com- dations to prevent money laundering and terrorism was made possible by a reduced number of staff in
pany revenue. The ESG rating of investments remained financing, as well as EU financial sanctions. In 2023, The real estate sector plays a significant role in reduc- recent years and increased remote work. We also pay
at AA level 7.4/10 (8.2/10) at the end of the year. we began reporting according to UNPRI. The Seafarers’ ing carbon emissions. The Seafarers’ Pension Fund attention to responsibility and ethics in our procure-
MSCI changed its ESG classification during 2023, so Pension Fund’s board reviews the monthly ESG report continues to reduce property energy consumption and ment and consumption behavior. In this way, we have
the ESG score is not comparable to the previous year. of investments and the development of the sustain­ mitigate carbon dioxide emissions from energy con- significantly reduced our own operational carbon foot-
ability level. sumption. Energy efficiency is being improved by em- print.
phasizing energy-efficient solutions, such as geother-
mal energy, in renovation projects.

Seafarers’ Pension Fund | Annual and Sustainability Report 2023 15