SFDR at the fund level

SFDR at the fund level

On the basis of the SFDR, financial market participants are required to indicate how they handle sustainability risks and to detail the consequences of this approach. In addition, the regulation contains transparency requirements at fund level.

The regulation distinguishes between:

• funds that are not promoted as sustainable (grey) (article 6);

• funds that promote environmental or societal characteristics (light green) (article 8);

• funds with sustainable investments as their objective (dark green) (article 9).                                                                                                                                                                                                                                                                                                                     

The Amvest Residential Core Fund qualifies as a light-green fund, which promotes the following environmental and social characteristics:

Environmental characteristics:

1. Investing in energy efficient homes/future-proof homes

2. Realising a reduction of CO₂ emissions

Social characteristics:

3. Ensuring a high-quality living environment

4. Providing affordable/attainable homes

These characteristics are part of the Fund’s strategy and the individual aspects and are reflected in Key Performance Indicators (KPIs). These KPIs are defined and measured at the fund level. A target is set for each KPI that is measured and reported. The KPIs and targets are evaluated annually and adjusted if necessary.

KPIs defined and measured for these characteristics are:

Environmental characteristics:

1. Composition of the portfolio by energy labels

2. Scope 1, 2 and 3 CO₂ emissions of the properties

Social characteristics:

3. Annual tenant satisfaction score on the topics living environment and quality of home

4. Percentage of affordable/attainable homes

For more information on the KPIs defined, the results of the past year, the data sources and screening criteria, please refer to the Annex for the KPIs and the SFDR Annex for Sustainability related disclosures.

The Amvest Residential Core Fund qualifies as an ‘article 8’ (light green) product under the SFDR and, as such, promotes Environmental/Social (E/S) characteristics. Whilst it does not have sustainable investment as its objective, it has a proportion of 95% in sustainable investments with an environmental objective in economic activities that do qualify as environmentally sustainable under the EU Taxonomy, 3% in other environmental and 0% in sustainable investments with a social objective.

Results 2025

Periodic reporting on compliance with ecological and/or social characteristics is included in our annex. More information on SFDR and results related to our sustainable investment policies is included on our website, where we also annually publish the Statement on principal adverse impacts of investment decisions on sustainability factors (PAI statement). This statement contains our policies related to determination and prioritising the most important adverse impacts on sustainability and a description of the most important adverse effects including related data sources and processing.

KPIs relevant to SFDR are included throughout our annual reporting and partially contain limited assurance by KPMG. Please refer to annex for complete set of assured KPIs and to page 89 for the limited assurance report by KPMG.

Outlook SFDR 2025

In order to comply with the expectations of our investors, the Dutch Authority for the Financial Markets (AFM) and other regulators in relation to sustainability, we will report on ESG aspects promoted by the Fund and on aspects that may cause negative impact on sustainability.

Compliance outlook

Just like in 2025, Digitalisation (DORA – strengthening digital resilience; AI – responsible use of data and artificial intelligence) and Sustainability (SFDR – enhancing transparency) will remain key themes in 2026 and beyond. Financial stability in relation to the real estate sector will also continue to be an ongoing theme. Integrity, anti‑money laundering (including the new package of European directives and regulation) and outsourcing (oversight of third‑party providers, both commercial and their critical IT service providers) will remain recurring subjects on which the AFM will focus and for which Amvest and its regulated funds must be adequately prepared.