Sustainability

The green shift presents challenges and opportunities in the years ahead.

The world’s population must be able to deal with the danger of major climate change and an increased scarcity of natural resources, all the while an exponential population growth is expected. This will require such a major restructuring to our trading patterns that it will mean an entirely new agenda, often referred to as the green shift.

The building sector is an important sector in terms of Norway reaching its environmental targets. The building sector is a customer of the industrial, transportation and energy supply sectors and can therefore have a major influence on them.

Professional property developers can have a major influence on the rest of the building sector as customers of architects, advisers, contractors and building material manufacturers. If property developers choose to build and manage more sustainably, we’ll be able to influence many operators and protect the environment.

DNB REIM - Real Estate Investment Management will develop an ever higher environmental standard for the commercial properties in the portfolio, in line with new technology and in accordance with the applicable requirements, for the benefit of investors, tenants, employees and society.

DNB Commercial property must:

Follow all statutory regulatory requirements related to the external environment
Contribute to reducing the strain on the environment and the climate by continuously promoting new behavioural patterns, products, services and technical solutions that can reduce CO2 emissions
Integrate the environment and climate into daily operations
Give our tenants an added value through increased profitability and reduced environmental impact, and help tenants and other partners reduce their environmental and climate impact
Actively manage climate risk

Sustainable management is endorsed through:

International climate commitments

DNB’s commitments

DNB believes that climate change is one of the greatest challenges of our time and a source of both risk and opportunity. The DNB group will strive to reduce its own direct emissions of greenhouse gases by continuous measurement and monitoring. DNB also monitors its customers, companies the group invests in and the group’s suppliers to ensure they don’t breach DNB’s environmental requirements.

we’re a driving force for equality and diversity;
we finance sustainable growth through loans and investments;
we fight financial crime and contribute to a secure digital economy;
we help our customers to master their own finances.

Find out more about our work:
Work related to the UN Sustainable Development Goals (SDGs)
DNB sets out requirements and monitors suppliers
DNB’s environmental profile

National climate commitments

DNB REIM - Real Estate Investment Management’s commitments

To maintain the ISO 14001 certification. A target of zero inconsistencies and a score of at least 4.
to report DNB Scandinavian Property Fund’s real estate in GRESB and maintain a score above 80;
to implement proven technology that contributes to reduced CO2 emissions;
actively document and profile the environmental initiatives;
to increase internal expertise, especially in relation to factors that affect CO2 emissions;
follow the UN Sustainable Development Goals (SDGs) numbers 7, 11 and 12;
use BREEAM In Use as an environmental certification tool.

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DNB REIM - Real Estate Investment Management

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Property funds

Property funds give investors access to a diversified portfolio of unlisted commercial property that is invested in different types of property and geographical areas.

Environmental focus

The day-to-day management of real estate

During project execution

Environmental programmes will be set up for all building projects carried out by DNB REIM - Real Estate Investment Management, with the exception of projects that are considered to have less of an environmental impact. In the environmental programme, the project objectives are set in the project in question. In general, the aim is to improve energy use in the project.

For larger projects, the aim is to achieve an EPC (Energy Performance Certificate) energy efficiency rating of B. An energy budget is drawn up for the actual energy use.

When purchasing real estate

Environmental questions are important aspects of investing in commercial properties where energy and environment are affected. New investments are made in line with current strategies and plans for the portfolio in question.

Environmental aspects are evaluated along with other criteria at a group management level early on in the purchasing process, where one criterion is buildings of a higher energy class in accordance with Norwegian standards. If the buildings are of a low energy class, the costs of bringing the building up to a higher class will be demonstrated and taken into consideration in the investment decision. In the documentation for the investment decision, this is taken into account and in the due diligence (DD) process before purchasing, a separate technical DD will be carried out in accordance with the investment policy for the portfolio in question.

See also the attachment where this is included in the description of the investment process.

As part of the DNB group, DNB REIM - Real Estate Investment Management is subject to a comprehensive framework which ensures compliance with the applicable rules and legislation. In addition, special guidelines have been set up for managers, tailored to their business. Frameworks have been set up related to anti-money laundering, terrorist financing, sanctions, anti-corruption and privacy protection and risk assessments are done to clarify the need for additional measures.

Furthermore, a policy of supplier management has been established, which will ensure that engaged suppliers meet the requirements of prudent banking and that products and services are manufactured and delivered in a socially responsible and sustainable way. Among other things, this means that a risk assessment must be made before entering into agreements with suppliers.

Internal electronic courses have been developed within the aforementioned areas which are compulsory for all employees. This ensures competence internally, thus reducing the risk of violations.

DNB is a driving force for equality and diversity. We want to have a gender balance (40/60) in all leadership positions in the company. Furthermore, all teams shall be diverse and inclusive. Through products, services and dialogue, DNB will contribute to promoting equality among our customers. We also require that our biggest suppliers work systematically on equality and diversity in our own organisation. DNB has received several prizes for the work we’ve done so far, and the most recent prize we received ranked DNB as the best European bank for equality in the Financial Times Diversity Reports 2021.

DNB is also heavily involved in preventing financial crime. In 2020, DNB’s customers attempted fraud for NOK 1.4 billion. 82% of these attempts were stopped by us.

Useful articles related to social responsibility

Equality and diversity in DNB (in Norwegian only)

Preventing financial crime and corruption (in Norwegian only)

Corporate responsibility in DNB (in Norwegian only)

Requirements for and monitoring of suppliers

Our tenants

In DNB REIM - Real Estate Investment Management, we’ve drawn up green tenancy agreements to commit ourselves both as landlords and tenants to reduce energy use and to reach standards in the property that reflect our environmental strategy. We’ve established good measurement structures that are logged. At annual tenant meetings, environment and energy are always on the agenda.

Tenant investigations

Satisfaction surveys are conducted every year for our office tenants, our tenants in the shopping mall and for investors in the DNB Scandinavian Property Fund. In addition, customer satisfaction is carried out for tenants’ customers at our shopping centres.

The responses give us a score on overall satisfaction, response time and scores in important areas. The survey provides guidelines for prioritising tasks.

Reports and key information

We have compiled all of the reports and key information for DNB Commercial Property, DNB Scandinavian Property Fund and DNB Eiendomsfond Core Plus

See them here