At Baltic Horizon we acknowledge that our business activities affect the society and environment around us, and that we have an opportunity and an implicit duty to ensure this impact is positive. We also believe that efficient and sustainable operations is a necessity for long-term value creation.
Consequently, we are committed to taking responsibility when conducting our business by integrating environmental, social and governance (“ESG”) factors into our investment decisions and operational processes.
We strongly feel that continued commitment to high ESG standards is the best way for our investors to achieve their investment goals while at the same time ensuring that environment and communities can benefit as well. And for that we align our efforts with leading market standards: management company of Baltic Horizon Fund and Northern Horizon group are members of EPRA, INREV, SIPA and GRESB, as well as a signatory of the United Nations-supported Principles for Responsible Investment since 2014.
Baltic Horizon maintains that all its employees are committed to environmental responsibility at all times. We are firmly of the belief that making the right environmental decision leads to better investment outcomes and increased wellbeing of our stakeholders and society at large. As such, it is our aim to ensure that we can continuously improve the environmental impact of our business.
We are taking steps to integrate ESG factors into our investment process in all steps of the investment life cycle assigning positive value to measures that improve ESG. In Baltic Horizon our responsibility to national and international ESG legislation is recognized by monitoring present compliance and actively managing risks of future proposed ESG regulation.
By ensuring that our investment activities have a positive environmental impact, we put a strong emphasis on the benefits that our business can have to our stakeholders. We define 4 core groups of stakeholders that are key to the success of our business:
Investors: we build relationships with our investors on transparency by ensuring strong performance together positive ESG impact.
Tenants: tenant retention and commitment to our assets is a core focus of our asset management efforts. We aim to be a considered asset owner that reacts to needs and suggestions of our tenants.
Partners: we continuously engage with our business partners to ensure smooth communication that is built on mutual values of trust, transparency and professionalism.
Employees: we are committed to creating sustainable value to our shareholders with integrity, and believe empowering our employees is the key in maintaining and creating excellent product performance.
Baltic Horizon is dedicated to good corporate governance principles. We strive to have a transparent, fair and professional dialogue with our investors, business partners and employees. As such big emphasis is put on identifying, monitoring, managing and minimizing potential risks, while protecting the full upside potential of investments. We will refuse any investment opportunity, which challenges our integrity or is in conflict with our mission statement and values.
We hold ourselves accountable to the highest standards of professionalism and ethics. Our group Code of Conduct ensures that our business activities are undertaken in the environment of integrity, transparency and accountability. This approach allows Baltic Horizon to be a trustworthy and accountable partner to all of our stakeholders.