The European Impact Property Fund (EIPF) has seen inflows of almost € 378m from European institutional investors and has acquired 10 assets in Europe since its inception in 2020. As per the requirements of article 9 of the Sustainable Finance Disclosure Regulation, the EIPF has demanding environmental targets. It is also seeking to diversify and continues to acquire assets in Europe.
An ambitious environmental strategy
EIPF is an open-ended fund managed by BNP Paribas REIM Luxembourg designed specifically for international institutional investors. Through its diversified acquisitions in Europe, the fund gives investors the opportunity to move beyond established practices by adopting an investment approach that has a positive and measurable climate impact. EIPF aims to become the benchmark diversified European Core/Core+ fund, operating in line with the 2015 Paris Agreement and aiming to limit global warming to a maximum of 1.5°C. The fund also falls under Article 9 of the Sustainable Finance Disclosure Regulation (SFDR).
The EIPF fund aims to reduce energy consumption by almost 42% and CO2 emissions by 74% across its existing portfolio by 2030, by improving the environmental performance of its assets. To achieve this, it uses a Best-in-Progress approach targeting buildings that have suboptimal environmental or low-carbon strategies, but which can be improved through action plans, associated with Capex, Opex and the commitments of the various stakeholders.
The fund takes a number of ESG criteria into account before making new investments, and uses a grid to assess the sustainability risks and opportunities. A detailed climate reporting system has also been established to quantify the fund's potential impact in terms of reducing greenhouse gas emissions and its contribution to the low-carbon transition.
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Find out about further diversifications and the acquisitions in Europe.
