L'ISR chez Praemia REIM : Interview de Daniel While

Daniel WHILE

Director of Research, Strategy and Sustainable Development at Praemia REIM

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What is the SRI approach for Praemia REIM France label funds?

Our approach is based on an ESG rating grid specific to each type of asset: offices, healthcare, etc. It includes 90 criteria divided into seven themes, such as environmental risks or services to occupants. Each theme is weighted to obtain an average score corresponding to the ESG rating of the asset. 100% of Praemia REIM France's acquisitions are therefore subject to an extra-financial rating.

Our label funds have a target rating. It sets the objective to be reached and guides the management of the ESG performance of assets. Assets with a higher rating must be maintained above this threshold. Conversely, those with an insufficient rating benefit from improvement plans including, for example, works, optimisation of charges or technological innovations.

The Praemia REIM SRI OPCI is distinguished by its best-in-class approach. Why is this new fund complementary to the SCPI Primopierre?

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Unlike the SCPI Primopierre, which primarily aims to improve the ESG performance of assets, the OPCI Praemia REIM ISR proceeds by exclusion: properties with an ESG rating of less than 70/100 are not eligible. Praemia REIM France then undertakes to maintain the rating of the selected properties above this threshold.

This requirement is part of a market marked by a flight to quality phenomenon: investors favor the most resilient assets in times of crisis. The Praemia REIM SRI OPCI meets this demand while promoting the financing of the most socially and environmentally efficient properties.

What is the role played by stakeholders (tenants, property managers, work providers, etc.) in your SRI approach?

The commitment of all our stakeholders is essential. The inclusion of ESG clauses in our contracts encourages dialogue and makes it possible to improve everyone's practices in a partnership approach. For example, the contract with our tenants requires that ESG issues be included in the agenda of our meetings.

What are Praemia REIM France's SRI objectives?

Praemia REIM France aims to accelerate the development of its SRI policy in France and Europe. Since January 2022, the SCPI Primovie, the largest healthcare fund with over €4 billion in capitalization, has been labeled SRI. By expanding our range of responsible funds, we hope to set new standards in a sector where Praemia REIM France is a pioneer.

Past investments are not indicative of future investments.

Past performance is not a reliable indicator of future performance.

Investing in a real estate fund involves a risk of capital loss.

Potential income is not guaranteed and may rise or fall depending on economic and real estate conditions.

Liquidity is limited, so it is an investment to be considered over the long term.

Praemia REIM France indicates that the decision to invest takes into account all the characteristics and objectives of the fund, as described in its prospectus.

Download the SRI guide