ParkProperty Capital GmbH is an alternative investment fund manager within the meaning of the German Investment Code (Kapitalanlagegesetzbuch, KAGB) and as such publishes the following information on its website in light of the consideration of sustainability-related aspects in accordance with Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability disclosure requirements in the financial services sector (“SFDR”).

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I. Sustainability risk policies statement

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ParkProperty Capital GmbH addresses sustainability risks in their investment decision-making process. ‘Sustainability risk’ means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment.

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Restricted Sectors

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We acknowledge and agree that we shall not invest, guarantee or otherwise provide financial or other support, directly or indirectly, to companies or other entities:

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(a) whose business activity consists of an illegal economic activity (i.e. any production, trade or other activity, which is illegal under the laws or regulations applicable to the Fund or the relevant company or entity, including without limitation, human cloning for reproduction purposes; or

 

(b) which substantially focus on:

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(i) the production of and trade in tobacco and distilled alcoholic beverages and related products;

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(ii) the financing of the production of and trade in weapons and ammunition of any kind, it being understood that this restriction does not apply to the extent such activities are part of or accessory to explicit European Union policies;

 

(iii) casinos and equivalent enterprises;

 

(iv) the research, development or technical applications relating to electronic data programs or

solutions, which aim specifically at:

• supporting any activity referred to under items (a) and (b) above;

• internet gambling and online casinos; or

• pornography,

 

or are intended to enable to illegally:

• enter into electronic data networks; or

• download electronic data.

 

In addition, when providing support to the financing of the research, development or technical applications relating to (i) human cloning for research or therapeutic purposes or (ii) genetically modified organisms (GMOs), we shall ensure the appropriate control of legal, regulatory and ethical issues linked to such human cloning for research or therapeutic purposes and/or GMOs.

 

We regularly review our policies to ensure that they address new and emerging risks as well as investors’ concerns.

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II. Principal adverse sustainability impacts statement

 

ParkProperty Capital GmbH considers principal adverse impacts of its investment decisions on sustainability factors. The present statement is the consolidated principal adverse sustainability impacts statement of ParkProperty Capital GmbH.

 

Description of principal adverse sustainability impacts

 

‘Sustainability factors’ mean environmental, social and employee matters, respect for human rights, anti-corruption and anti-bribery matters. The indicators related to principal adverse impacts on sustainability factors can be divided into three categories: (a) climate and other environment-related indicators; (b) social and employee, respect for human rights, anti-corruption and anti-bribery matters; (c) indicators applicable to investments in sovereigns and supranationals. The indicators are applicable to investments in investee companies. Indicators as stated in (c) are not relevant for ParkProperty Capital GmbH however, as investing into sovereigns and supranationals is not part of ParkProperty Capital GmbH’s investment strategy.

 

ParkProperty Capital GmbH will identify the principal adverse sustainability impacts of investments as follows:

 

(a) Climate and other environment-related indicators

ParkProperty Capital GmbH considers the following climate and other environment-related indicators (a)  linked to its investee companies as applicable in each case and/or at a portfolio level:

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• Greenhouse gas emissions

• Carbon footprint

• Fossil fuels sector exposure

• Share of energy consumption and production from non-renewable sources compared to renewable sources

• Emissions to water

• Hazardous waste production

• Emissions of ozone depleting substances

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ParkProperty Capital GmbH considers the following principal adverse impacts other than climate/environment related (b)  linked to its investee companies as follows

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• Violations of UN Global Compact principles and OECD Guidelines for Multinational Enterprises

• Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises

• Unadjusted gender pay gap

• Board gender diversity or the lack thereof

 

The following statements refer to the management and investment decision-making processes of ParkProperty Capital GmbH.