Sustainability disclosure in accordance with the Disclosure Regulation (EC 2019/2088)

1 INTEGRATION OF SUSTAINABILITY IN DUE DILIGENCE AND INVESTMENT DECISIONS

The evaluation of sustainability risks forms an integral part of Möller & Partners’ investment decision-making process and is carried out in accordance with the company’s internal policies as well as local law and regulatory standards. In line with the principles set out by the United Nations Global Compact, Möller & Partners actively investigates and assesses as part of its due diligence process such environmental, social and governance factors as energy, water and waste and hazardous materials management, human and labour rights and conditions and corruption including extortion and bribery. Sustainability risks constitute one relevant factor for the Investment Committee to assess before making any portfolio management decision.

2 PROMOTES SUSTAINABILITY BUT NO SUSTAINABLE INVESTMENT OBJECTIVE

The Company promotes environmental and social characteristics pursuant to Article 8 of SFDR, but does not have as its objective to carry out sustainable Investments. Environmental and social characteristics are achieved by integrating the prerequisites for Silver Level Classification, as well as what the Company deems to be financially material environmental, social and governance (ESG) factors in its Investment research and its Investment decisions.

3 BENCHMARK INDEX

The Company does not specifically use a benchmark index in order to achieve its objectives relating to environmental and social characteristics. However, certain structures under management shall be assessed and calculate environmental impact etc. based on (i) the Global ESG Benchmark for Real Assets (GRESB) assessment methodology and (ii) exposure to energy-inefficient real estate assets as set out in ESMA Regulatory Technical Standards. The Company has established routines and systems for efficient measuring of energy use. External third-party certifiers such as Sweden Green Building Council assess relevant certifications.

The Company’s risk manager and compliance officer monitor the internal compliance with the policies set out for governance and control.

4 ENVIRONMENTAL AND SOCIAL CHARACTERISTICS OF THE COMPANY

UN Sustainable Development Goals

Möller & Partners will focus on select UN Sustainable Development Goals which are deemed to be most relevant for each fund under management. At present, the Company has chosen to specifically promote UN Sustainable Development Goals no. 11 and 12.

• Make cities and human settlements inclusive, safe, resilient and sustainable

• Ensure sustainable consumption and production patterns

Energy efficiency and sustainability focus

The energy consumption in properties held by the Company is the single most important factor for the Company's business in relation to climate and environmental effect. Taking the aforesaid into account, the Company will integrate analysis pertaining to (i) choice of energy source, (ii) choice of energy efficient products, and (iii) efficient use of the energy provided to, or by, the properties in its Investment research and decisions.

Contributing to a sustainable society

In carrying out its operations, the Company values human rights and equality for all human beings. The Company's operations shall be carried out in a responsible manner which takes into consideration the health and well-being of those affected by the Company’s operations.

The Company has strict policies against discrimination and will not tolerate discrimination between tenants of different genders, ages, origins, religions or the like, and treats all customers equality.

5 MONITORING OF ENVIRONMENTAL CHARACTERISTICS AND METHODOLOGIES

The Company will adhere to Sweden Green Building Council’s certification system with respect to both construction and property management.

The Company will also be assessed and calculate environmental impact etc. based on (i) the Global ESG Benchmark for Real Assets (GRESB) assessment methodology and (ii) exposure to energy-inefficient real estate assets as set out in ESMA Regulatory Technical Standards. The Company will establish routines and systems for efficient measuring of energy use.

External third-party certifiers such as Sweden Green Building Council will assess relevant certifications.

M&P Management’s risk manager and compliance officer will monitor the internal compliance with the policies set out for governance and control.

6 TRANSPARENCY REGARDING REMUNERATION POLICY

M&P Management shall procure that its remuneration policy, including policy for variable remuneration (incentive or bonus programmes) to the extent possible promotes the sustainability factors with respect to both the Company’s general and the fund specific considerations.