Communication on Progress

Participant
Published
  • 20-Sep-2021
Time period
  • September 2020  –  September 2021
Format
  • Stand alone document – Basic COP Template
Differentiation Level
  • This COP qualifies for the Global Compact Active level
Self-assessment
  • Includes a CEO statement of continued support for the UN Global Compact and its ten principles
  • Description of actions or relevant policies related to Human Rights
  • Description of actions or relevant policies related to Labour
  • Description of actions or relevant policies related to Environment
  • Description of actions or relevant policies related to Anti-Corruption
  • Includes a measurement of outcomes
 
  • Statement of continued support by the Chief Executive Officer
  • Statement of the company's chief executive (CEO or equivalent) expressing continued support for the Global Compact and renewing the company's ongoing commitment to the initiative and its principles.

  • No answer provided.
Human Rights
  • Assessment, policy and goals
  • Description of the relevance of human rights for the company (i.e. human rights risk-assessment). Description of policies, public commitments and company goals on Human Rights.

  • Care Property Invest commits to honor the fundamental human rights as described in the Universal Declaration of Human Rights and pay the necessary attention to the environment and health and safety, in accordance with its commitment to contribute to the Sustainable Development Goals and the United Nations Global Compact

  • Implementation
  • Description of concrete actions to implement Human Rights policies, address Human Rights risks and respond to Human Rights violations.

  • The effective management and Board of Directors continually prioritise and take up their responsibilities accordingly to the best of their ability and as described in the internal Integrity Policy, publicly available on the company website.

  • Measurement of outcomes
  • Description of how the company monitors and evaluates performance.

  • Over the last year no human rights issues or problems have been reported by employees or other stakeholders.

Labour
  • Assessment, policy and goals
  • Description of the relevance of labour rights for the company (i.e. labour rights-related risks and opportunities). Description of written policies, public commitments and company goals on labour rights.

  • As described in the company internal Integrity Policy, Care Property Invest is committed to guaranteeing excellent, performance-related working conditions for everyone, geared to optimising employee satisfaction. Care Property Invest is also guided by the United Nations principles on labour standards and is strictly following local legislations regarding labour conditions and rights. Care Property Invest is committed to encouraging training and development of its employees, leveraging their talents, providing challenges, satisfaction and recognition in their career within the Company. Care Property Invest will give everyone equal career opportunities, encourage employees to organise their own tasks, and give direction to employees.

  • Implementation
  • Description of concrete actions taken by the company to implement labour policies, address labour risks and respond to labour violations.

  • Care Property Invest has taken the following steps to ensure fundamentals rights of their employees and their well-being:
    • All employees are covered by a bargaining agreement
    • The Board of Directors is directly involved in the rolling out of the integrity policy in cooperation with the HR department
    • In 2021, Care Property Invest increased the number of training for their employees to 40h of training a year and therefore promote the continuous development, growth and motivation of the staff.

  • Measurement of outcomes
  • Description of how the company monitors and evaluates performance.

  • Care Property Invest is closely tracking the following indicators to support its policy:
    • The number of employees covered by a collective bargaining agreement
    • The employee gender diversity
    • The gender pay ratio
    • The average number of training and development
    • Accidents at work

Environment
  • Assessment, policy and goals
  • Description of the relevance of environmental protection for the company (i.e. environmental risks and opportunities). Description of policies, public commitments and company goals on environmental protection.

  • Care Property Invest is involved in taking the necessary actions to fight climate change and having a positive contribution on the environment as described by the United Nations Global Compact. In 2021, Care Property Invest drafted an environmental policy that will become the main guiding document driving this change towards their own operations but also towards all their stakeholders. Care Property Invest has already been undertaking major steps towards environmental awareness by drawing a sustainability vision and communicating about its sustainability strategy through its sustainability report.

  • Implementation
  • Description of concrete actions to implement environmental policies, address environmental risks and respond to environmental incidents.

  • Care Property Invest is actively working to reduce its environmental impact by considering it as a crucial element in the due diligence of new projects, and by periodically monitoring this impact with their care providers. As from 2023, sustainability screenings will take place for new developments and in the light of contract renewals. Care Property Invest will continue to perform recurring screenings in the future to give better insights into their portfolio performance and evolution. On this basis, Care Property Invest can draft analyses and forecasts in order to take the necessary measures to limit the environmental impact and, where possible, also include them in policy guidelines.

  • Measurement of outcomes
  • Description of how the company monitors and evaluates environmental performance.

  • Care Property Invest is already tracking different environmental indicators from their portfolio of buildings through the roll out of an energy monitoring system (EMS). Moreover, the Company set a target of reaching 80% of their portfolio with EMS by 2023, increasing the control and scope on the energy consumption of their buildings.
    The following list of indicators are monitored:
    • Water consumption
    • Energy consumption
    • Effluents and waste
    Based on these indicators, CO2 emissions are calculated and monitored. Moreover, emissions from Care Property Invest’s own operations are offset to support a global certified climate project in the Guatemalan national park ‘Sierra del Lacadón’.

Anti-Corruption
  • Assessment, policy and goals
  • Description of the relevance of anti-corruption for the company (i.e. anti-corruption risk-assessment). Description of policies, public commitments and company goals on anti-corruption.

  • Care Property Invest supports the UNGC principles on anti-corruption and works against corruption in all its form, including extortion and bribery.

  • Implementation
  • Description of concrete actions to implement anti-corruption policies, address anti-corruption risks and respond to incidents.

  • The internal code of conduct includes a chapter on corruption stating that employees are committed to not offering or providing any securities nor any sums of cash to clients, suppliers, third parties, irrespective of the underlying intention nor to officials, civil servants or any other representatives of institutions.

  • Measurement of outcomes
  • Description of how the company monitors and evaluates anti-corruption performance.

  • Over the last year no corruption issues or problems have been reported by employees or other stakeholders. Care Property Invest has not been involved in any legal cases or other events related to corruption and bribery.