Global Real Estate Sustainability Benchmark 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. In the 2021 assessment, the Fund achieves a total score of 80, representing the second highest GRESB score in the Healthcare, Senior Homes category in Europe.
At Northern Horizon, we are committed to sustainable investment and to drive long-term value for our investors and stakeholders and for society at large. We have participated in the benchmark since 2018 and have gradually improved the GRESB score every year. This year we have improved the score once again, now crossing the threshold to 4-star level. We are very proud of this continued progress because it confirms our efforts to contribute to more sustainable world, comments Riikka Moreau, Fund Manager of Nordic Aged Care Fund.
For further information regarding GRESB Assessment, please see the GRESB website.
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.
About Northern Horizon
Northern Horizon is an independent real asset manager with a strategic focus on the elderly care sector in the Nordic region. Since 2007, Northern Horizon has acquired more than 120 care homes across the Nordics.
Northern Horizon manages real estate funds and separate accounts with over EUR 1billion in assets for leading European financial institutions and private wealth capital including pension funds, insurance companies, banks, asset managers, corporate investors, charity foundations and family offices.
Nordic Aged Care Fund
Nordic Aged Care Fund 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.