MIMCO Asset Management is aware of the major impact of real estate on the environment, and the importance of social and governance issues in any useful and sustainable investment strategy. We are therefore committed to acting as a responsible investor and minimising the effects of the use of its property assets.
In an increasingly competitive market, we want to give meaning to our investors' savings. Our adoption in July 2021 of the six Principles for Responsible Investment (PRI), supported by the United Nations, formalises our desire for transparency regarding our partners and shareholders and is a symbolic step in this process.
By joining this leading international network of responsible asset managers and investors, MIMCO Asset Management supports sustainability at a global level and is committed to the operational and progressive implementation of these principles aimed at integrating Environmental, Social and Governance (ESG) dimensions in the management of its assets.
We believe that a robust ESG policy can have a significant impact on the long-term financial performance and returns of our investments.
At MIMCO Asset Management, we are convinced that it is necessary, in a strategy of responsible investment and significant value creation, to associate the financial performance of a company with its environmental and social impact.
In addition to traditional financial criteria and as part of its responsible investment policy, MIMCO Asset Management integrates socially responsible thinking into its investment analysis, responding to the challenges of the real estate sector and leading to a better evaluation of investments.
By applying ESG criteria to our investment and shareholding decision making processes across all of the alternative investment funds we manage, we aim to optimise the financial performance of our investments and prevent any risk of devaluation and regulatory non-compliance of our assets, as well as inappropriate positioning in relation to the needs of our tenants and users.
MIMCO Asset Management is now going further in its commitment as a responsible investor by establishing an ESG charter to take these issues into consideration throughout the investment cycle for funds that mention it in their legal or contractual documentation.
Nevertheless, MIMCO Asset Management encourages the application of the ESG pillars but is not systematically obliged to do so in the management it undertakes.
For its future real estate development and restructuring operations, MIMCO Asset Management encourages environmentally friendly real estate projects that meet the latest energy standards and in which natural and renewable resources are used in the construction process to reduce the energy consumption of buildings.
MIMCO Asset Management places people at the heart of its investment projects. On the ground, we make sure that we work with service providers who respect a charter for environmental management while considering the health and safety of their employees, including on construction sites.
Internally, we consider our employees to be our greatest asset: we pay particular attention to their well-being and their working conditions.
The alternative investment funds created by MIMCO Asset Management are subject to AIFM regulatory requirements for investment approval, anti-money laundering and conflicts of interest.
MIMCO Asset Management is committed to transparent communication with its investors and partners.
MIMCO Asset Management systematically carries out in-depth due diligence on its investment projects, ensuring that essential ESG criteria are identified in the context of new real estate developments or real estate revitalization involving major works.
As part of its approach to value creation through responsible investment, MIMCO Asset Management ensures that ESG criteria are integrated into its management of the real estate operation, including the use of external service providers, while remaining committed to the tenants and respecting their conduct.
Regarding the operational management of its assets, MIMCO Asset Management pays particular attention to the proper execution of its construction sites, whether in terms of human management of workers to protect their health and safety or in terms of waste management.
Within MIMCO Asset Management, all employees are committed to implementing environmentally friendly practices on a daily basis in order to reduce their carbon footprint (paperless office, waste recycling, reduced water and energy consumption, etc.).
"As a committed corporate citizen, we have a responsibility to take into account all ESG factors that could affect the sustainable performance of our investments."