Cube IM’s long term “buy-and-grow”
strategy’s value creation relies on contributing both to the social welfare and
to the shift towards a low carbon economy.
As a signatory of UNPRI, Cube IM commits
to implement the defined principles and to report on its action through the
filing of the PRI Reporting Framework every year. Since 2016, Cube IM has
formalized a detailed Environment Social Management System – Responsible I,
providing a framework for comprehensive ESG Due Diligences and subsequent
action plans, monitored at the companies’ board level and regularly updated,
with defined objectives and incentives. Cube IM also appointed an ESG Committee
and allocated sectorial responsibilities to junior team members to better
foster best practices sharing across the portfolio, under the supervision of
the ESG Coordinator (a senior investment team member).
Cube II is also a member of the GRESB
strategic sectors contribute both to the social welfare and to the shift
towards a low carbon economy, notably:
§ Public Transport: efficient public
transport (buses, regional trains, etc.) provide all citizens affordable means
to commute, which is of increasing importance (more mobility, congestion risks
in cities, etc.) and participate greatly to the avoidance of GHG emissions
(limiting the use of personal cars, etc.), especially as the trend towards
greener public transport currently materializes.
§ Energy: if renewable power plants are
part of the strategy, the primary focus has been set on district heating and
energy efficiency. Notably centralized district heating systems enable the use
of waste heat and facilitate the use of renewable energy sources and the
reduction of the heating cost for the end-customer (businesses, social housing,
etc.) over the long run.
§ Communication Infrastructure: Our
strategy is to focus primarily on open-access networks in semi-dense and rural
areas, where the digital divide creates a new exodus for businesses and people
from less dense (and more affordable) locations to already congested cities. By
encouraging the use of teleworking, e-government services, videoconference,
etc. such networks allow the avoidance GHG emissions.
Cube's ESG commitments
Responsible Investments and
UN PRI Strategy & Governance 2017 : A+