ESG at VIGA
VIGA is committed to integrating environmental, social, and governance (ESG) principles across all aspects of its operations and investment activities. With a focus on long-term value creation, responsible business conduct, and stakeholder accountability, VIGA ensures that sustainability is embedded into its strategy, decision-making, and daily management practices.
In 2024, VIGA continued ESG measures to guide the company’s implementation of ESG standards across its real estate portfolio and corporate governance. VIGA also reaffirmed its commitment to the UN Principles for Responsible Investment (PRI) and continued its active membership in the UN Global Compact Network Denmark, reinforcing its alignment with internationally recognized frameworks for responsible business conduct.
Environment
VIGA monitors and manages the energy consumption and greenhouse gas (GHG) emissions of its owned portfolio assets to support the goals of the Paris Agreement. The company has set portfolio-wide targets related to:
- Energy consumption
- Use of renewable energy
- GHG emissions
- Asset-level ESG data coverage
Performance is assessed periodically, reported to investors, and benchmarked against historical data. Where material negative trends are observed, VIGA initiates corrective actions to mitigate environmental impact.
Viga is also committed to sourcing certified green electricity for its own offices and common areas within portfolio assets, underscoring its focus on accelerating the transition to renewable energy.
Social
VIGA takes a proactive approach to social sustainability by integrating human rights due diligence into acquisition and procurement processes. During new transactions or significant supplier engagements, counterparties are assessed for their efforts to uphold:
- Human and labor rights
- Decent working conditions
- Freedom of association
- Avoidance of child and forced labor
These assessments are repeated at least every three years for asset operators. If significant risks are identified, VIGA may implement contractual safeguards to ensure compliance.
The company also promotes tenant well-being through regular satisfaction surveys, and considers social conditions in its risk assessments of significant partners.
Governance
Strong internal governance is a foundation of VIGA’s ESG approach. The company enforces a suite of conduct policies covering ethics, compliance, and risk management.
Key governance measures include:
- A stakeholder grievance mechanism accessible via the company website
- Counterparty assessments to identify risks related to bribery and corruption during transactions or material procurements
- Regular due diligence on asset operators to uphold integrity across the value chain
Where corruption risks are deemed material, Viga seeks to address them through contractual protections.
To support transparency and drive continuous improvement, VIGA participates annually in the Global Real Estate Sustainability Benchmark (GRESB). This participation allows VIGA to benchmark its ESG performance against peers and align with industry standards, reinforcing its commitment to structured ESG reporting and stakeholder accountability.