Sustainability

Sustainability and ESG (Environmental, Social, and Governance) issues play a significant role in the strategic planning and enterprise resource management at Fokus Nordic. The sustainability objectives and practices of Fokus Nordic, as well as the Finnish funds we manage, are outlined below.

Fokus Nordic

Fokus Nordic offer investment advice, fund and asset management, property management and administration, letting and other real estate investment services. We manage different property segments throughout the Nordics. Fokus Nordic’s vision is to be the leading fund and asset management partner in the Nordics, known for promoting sustainable growth and long-term value in real estate investments.

Our corporate sustainability strategy

Our sustainability strategy focuses on four main areas: 1) Energy consumption and climate, 2) Materials and resources, 3) Health and well-being, and 4) Strong corporate leadership and high ethical standards. Our efforts contribute to several of the 17 Sustainable Development Goals, particularly Goal 7 (Affordable and Clean Energy), Goal 8 (Decent Work and Economic Growth), Goal 11 (Sustainable Cities and Communities), Goal 12 (Responsible Consumption and Production), and Goal 17 (Partnerships for the Goals). Moreover, we have been a signatory to the UN Principles for Responsible Investment since 2019.

For more details, please visit: Sustainability – Fokus Nordic

Sustainability approach in our Finnish real estate

Our investments activities, including the Finnish real estate fund FPFF, are subject to the Sustainable Finance Disclosure Regulation (SFDR).

FPFF’s primary sustainability goal is to reduce the carbon dioxide emissions of its properties. Since over 75% of CO₂ emissions from buildings come from electricity and heating consumption, FPFF aims to reduce energy usage in its properties and gradually phase out fossil fuels. FPFF is a participant in the Energy Efficiency Agreement for the Real Estate Sector, which runs until the end of 2025. Under this agreement, the target is to reduce the total energy consumption of properties by 7.5% between the start of 2017 and the end of 2025. All FPFF properties, except one, use district heating or geothermal energy. The one property that currently uses oil will be converted by the end of 2027.

FPFF’s properties include 10 solar power plants and one geothermal plant. Most of the properties have already switched to LED lighting, with the remaining properties set to transition over the next few years. The combined output of the fund’s solar power plants is 750 kWp, which generates approximately 640 MWh of electricity annually. The energy certificates for the properties were issued in 2022, with some updated in 2024. A comprehensive sustainability plan, aligned with Finland’s carbon neutrality target for 2035, will be developed during 2024 and 2025.

The recycling rate for waste managed by FPFF has been, and will continue to be, increased. The goal is to minimize mixed waste, which releases CO₂ when incinerated.

We also emphasize social responsibility and good governance. In FPFF’s office buildings with multiple tenants, shared facilities such as showers and bicycle storage are provided for employees who commute by running or cycling. In some cases, shared gyms have also been built for tenant use, such as at Kalliosolantie 2 in Vantaa.

FPFF is a socially responsible actor. The majority of the fund’s investors are Finnish pension insurance companies serving large groups of people. The fund’s return benefits many Finns in the form of pensions.