ESG integrated throughout investment and ownership activities

Kinland is committed to integrate ESG throughout our investment and ownership activities and work closely with our stakeholders to further our sustainability beliefs

Kinland has adopted the GRESB Infrastructure Asset Assessment framework

As part of Kinland’s ESG commitments, we have adopted the GRESB Infrastructure Asset Assessment framework to assess and benchmark our ESG performance against peers.

Assessments are conducted on an annual basis and are structured into a Management component and a Performance component, each of which are subjected to a multi-layer validation process, scored and benchmarked.

For more information about GRESB and their infrastructure assessments, please visit www.gresb.com

Kinland considers the appropriate assessment of sustainability and engagement with environmental, social and governance (ESG) matters as fundamental to achieving and maintaining these standards.

We are committed to integrate ESG matters throughout our investment and ownership activities and to work closely with our operators and other stakeholders to further our sustainability beliefs.

Our Sustainability Policy provides guidance how ESG matters are integrated into Kinland’s activities.

Kinland Sustainability Policy

Our expectation is that our suppliers support Kinland’s commitment to doing not only what is good for business, but also what is good for our people, tenants and their end-users, and the communities in which they live and work. For this purpose, Kinland’s Board of Directors has adopted a Supplier Code of Conduct which outlines the minimum standards and expectations for our suppliers, contractors, consultants and business partners.

Kinland Supplier Code of Conduct

In order to achieve our business objectives whilst committing ourselves to the responsibility entrusted to us by all stakeholders, e.g. customers, shareholders, regulators and society, Kinland places great emphasis on cooperating with business partners that promote high standards of good business practice, fundamental human rights and decent working conditions. Fundamental human rights means the internationally recognised human rights that are enshrined, among other places, in the International Covenant on Economic, Social and Cultural Rights, the International Covenant on Civil and Political Rights and the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work. Decent working conditions means work that safeguards fundamental human rights, health, safety and the workplace environment, and that provides a living wage.

For this purpose, and in accordance with the Norwegian act relating to enterprises’ transparency and work on fundamental human rights and decent working conditions (the “Transparency Act”), Kinland’s Board of Directors has adopted an Account of Due Diligence which outlines our internal assessments to determine wherein our own business and our supply chain our most prominent risks lie in terms of ensuring fundamental human rights and working conditions.

Kinland Account of Due Diligence FY 2024

 

Case example

During 2023, Kinland funded two preschool infrastructure projects, Ithembatlethu and Sisonke. Both projects are very much aligned to Kinland’s mission of providing a safe and quality environment needed for the care of its users.

The first project, Ithembalethu preschool, had been running for 12 years from a mud house with no proper toilets for the children to use and water sourced from the household where the garage was located. Kinland provided 100% of the funding for a new, two-classroom ECD unit complete with a kitchen, storage/office and veranda and fencing as well as three new toilets and water harvesting. This new infrastructure has provided 34 children that attend the preschool daily a new space to learn and an opportunity to play outside safely.  The new toilets and rain harvesting has improved child health and hygiene at the preschool.

The second project, Sisonke preschool, had been operating for 13 years from a makeshift shack constructed from corrugated iron with no toilets. In partnership with its preschool tenant Norlandia Preschools, Kinland funded a new, two-classroom standard ECD unit with a kitchen, storage/office, fencing and veranda as well as three toilets and water harvesting that is used by 54 children.