Global Real Estate Sustainability Benchmark (GRESB) is widely recognized as the standard for measuring sustainability performance. Nordic Aged Care Fund participated in the GRESB assessment for the first time in 2018. This year’s GRESB score of 85 points shows improvement against last year’s score.
At Northern Horizon, we are ambitious about the ESG performance of our funds. We have set clear and measurable short-term and long-term ESG targets to help us achieve the goals. Participation in the GRESB benchmark enables us measure on our progress and we are very pleased to see that Nordic Aged Care Fund continues to improve, comments Milda Dargužaitė, Group CEO of Northern Horizon.
GRESB is a mission-driven and industry-led organization that provides actionable and transparent environmental, social and governance (ESG) data to financial markets. GRESB collects, validates, scores and benchmarks ESG data to provide business intelligence, engagement tools and regulatory reporting solutions for investors, asset managers and the wider industry.
Nordic Aged Care Fund
Nordic Aged Care was launched in 2016, and it is Northern Horizon’s third specialized care home fund. The Fund helps the Nordic countries meet the challenge of a rapidly ageing population by funding the development of modern and high-quality care homes. The Fund raised EUR300 million of equity and is fully committed.