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ESG

Sustainability
and social engagement

A company's authority and trustworthiness do not depend solely on its financial performance. Social and environmental commitment, as well as good governance practices, are key aspects in measuring a company's seriousness and credibility. RealStep pays attention to the creation of environmental and social value, both internally within its own organization and in the selection and management of the assets in which it invests.
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Realizing the importance of "doing" before "communicating," we want to tell our stakeholders about the main impacts generated with respect to the United Nations Goals (SDGs).

InFebruary 2023, RealStep approved and implemented an environmental, social, and governance (ESG) policy that includes identifying exclusion criteria for assets entering the portfolio, monitoring key performance indicators, and evaluating vendors and tenants against ESG standards.

Through in-depth data analysis, this system allows for verification and assurance that all portfolio assets comply with ESG criteria, that none of the tenants fall into exclusion categories, and that subcontractors comply with ESG monitoring policies related to suppliers.

In March 2023, the company also structured an Action Plan to thoroughly assess ESG risk factors and integrate climate and environmental issues into business strategies, governance, and risk management in order to meet the supervisory expectations of Banca d’Italia on climate and environmental risks.

Sustainable development: Agenda 2030 goals and achievements

On September 25, 2015, the United Nations General Assembly adopted a new global framework for sustainable development: the 2030 Agenda for Sustainable Development ("2030 Agenda"), focusing on the Sustainable Development Goals ("SDGs").
The transition to a low-carbon, more sustainable, resource-efficient and circular economy, in line with the SDGs, is critical to ensuring the long-term competitiveness of the Union's economy.

The Paris Agreement adopted under the United Nations Framework Convention on Climate Change ("Paris Agreement"), which was approved by the Union on October 5, 2016, and entered into force on November 4, 2016, aims to strengthen the response to climate change by, among other things, making financial flows compatible with a pathway to low greenhouse gas emission and climate resilient development.

In addition, given that the European Union is increasingly facing the unpredictable consequences of climate change, resource depletion and other sustainability issues, urgent action is needed to mobilize capital not only through public policies but also from the financial services sector.
RealStep intends to take an active part in the development of a sustainable economy by developing environmental and social redevelopment projects.

SDG 6

Clean water and sanitation

35 cubic meters of fresh water collected from stormwater in V204
In some properties redeveloped by RealStep, such as V204, there is a rainwater harvesting system to feed the irrigation system, ensuring less dependence on withdrawals from the local water system.

SDG 7

Clean and affordable energy

Energy class improvement Compartment 2 from F to A2
Buildings held in the portfolio by RealStep have pre-intervention energy classes that are not always virtuous. The upgrades performed by the company aim to maximize energy efficiency and, where possible, self-generation of energy. Because, for RealStep, modern technologies, such as high-efficiency solar panels with energy storage, are the only way to decarbonize urban centers. In line with this commitment, upgrading activities at the property at 204 Varesina Street have raised the energy class from F to A2 with a lasting effect on emissions.

SDG 11.2

Sustainable cities and communities

Installation of electric charging stations and bicycle racks
RealStep has equipped some of its properties with tools that promote sustainable private transportation, both for motorized and non-motorized vehicles. In the Varesina 204 (Subfloor 2) and GdA Udine 45 (Subfloor 2) assets, electric vehicle charging devices have been installed for a total of 35 charging stations and an additional 7 bicycle racks. In contrast, the assets at via Espinasse 172 (Compartment 4) were provided with 5 bicycle racks.

SDG 11.6

Sustainable cities and communities

Remediation of 49,500 total square meters between buildings and land
During the implementation of redevelopment works, RealStep also carries out remediation activities, of the soil and/or buildings, to eliminate the presence of harmful substances. In fact, over the years, the company has reclaimed buildings and land totaling 49,500 m2, significantly reducing the presence of harmful substances and pollutants, such as asbestos and FAV (man-made vitreous fibers).

SDG 11.7

Sustainable cities and communities

Green areas amounting to more than 21% of the total asset area
Green areas characterize all the assets that are part of RealStep's portfolio. In fact, although they are located in the Milan metropolitan area, RealStep's buildings have 18,263 square meters of green area, which represents 21.10 percent of the total surface area (understood as usable commercial space).

SDG 11.a

Sustainable cities and communities

Monitoring the social and governance performance of suppliers
When selecting third-party companies to be entrusted with work, RealStep pays special attention to monitoring the social and governance performance of its suppliers, requesting information on the number of work-related deaths/accidents, human rights violations, and proven cases of corruption, and the presence of certifications such as ISO 45001, ISO 9001, ISO 14001, SA 8000 ethics certification, and Minimum Environmental Criteria (CAM). In addition, it promotes the development of high-quality assets in lower-value metropolitan areas and the redevelopment of abandoned areas, encouraging the establishment of the headquarters of leading groups, the redevelopment of the entire area, and the increase of business volume for neighboring businesses.

ART. 3 SFDR

INFORMATION ON INTEGRATING SUSTAINABILITY RISKS INTO INVESTMENT DECISION-MAKING PROCESSES

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ART. 4 SFDR

INFORMATION ON FAILURE TO TAKE INTO ACCOUNT ADVERSE EFFECTS ON SUSTAINABILITY FACTORS

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ART. 5 SFDR

INFORMATION ON COMPENSATION POLICIES WITH REGARD TO THE INTEGRATION OF SUSTAINABILITY RISKS

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Social sustainability

Custodi del bello

Promoting social inclusion, vocational training and job placement of people living in conditions of hardship. This is the goal of the agreement that RealStep has signed with the City of Milan to support Custodi del Bello, a national project created to promote the social reinclusion of fragile people through their involvement in care projects in some city areas.

In the Milano Certosa District, for example, a team of operators was activated to take care of green areas, carry out urban restoration and micro-cleaning services.

"We are really proud to have started this collaboration with Custodi del Bello, thanks to which we can, on the one hand, give concrete support to people in need in the Certosa district, and on the other hand, enhance even more the beauty of a neighborhood that is really close to our hearts and in whose potential we believe so much."

- Stefano Sirolli

Barrella Park

A vibrant and dynamic public space immersed in a green oasis of more than 6,000 square meters. This will be the new face of Barrella Park, the protagonist of a major urban regeneration intervention that combines sustainability and collective participation.
Commissioned by RealStep and signed by Parcnouveau, the project aims to transform the pre-existing park into a place of aggregation and interaction, designed to promote sustainable practices and strengthen community ties through areas intended for all generations: a tree-lined square dedicated to relaxation, multipurpose playgrounds, an area equipped for outdoor sports, play spaces designed for the youngest, a bocce court and a space dedicated to shared vegetable gardens.

An ambitious project that was born from the cooperation of several actors: the neighborhood community, which outlined the basic elements behind the design and redevelopment of the park, and a series of participatory actions promoted by CSV Milano and Progetto Integrazione.

"The Barrella park represents a further piece in the broader development of the Certosa District project, within which the path of urban regeneration necessarily passes through the creation and aggregation of community. It was therefore natural for us to design the park through a process of listening, participation and sharing that will make it, once realized, a place of sociality and neighborhood presidium. For RealStep, this is the only mode of sustainable urban development."

- Vincenzo Giannico

Tree Planting Project

New trees in the Milano Certosa District to make the district even greener. Promoted by RealStep in collaboration with WAU! We Are Urban, the initiative includes the planting of as many as 110 trees in Via Varesina and Via Mambretti and stems from the community's request to improve street decorum and the beauty of the district with green areas.

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Technical partners in the project include Palma plant store and Designtech, which collaborated with Furf Design Studio to produce artistic flower vases to house the new trees and further beautify the streets.

AS Oro

For RealStep, urban regeneration is based first and foremost on the sustainable redevelopment of buildings, but it also has among its pillars the strengthening of the local community through the support of local associations. Hence the idea of supporting A.S. Oro, the amateur sports association of Oratorio Pio XI, located on Via Aldini in the Milano Certosa District, which promotes the values of solidarity, tolerance and respect among young people through sports activities.

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As part of the collaboration, the Milano Certosa District Cup, a soccer tournament aimed at young people over 18 in the district, organized by RealStep with the aim of increasingly involve the community, families and young people in the area.

Campagna amica

RealStep values the territory and promotes environmental sustainability not only in its real estate development projects but also in its choice of associations with which to form partnerships. It is with this in mind that the partnership with Campagna Amica and Coldiretti, landmarks in the defense of Italian agriculture and the protection of the territory, traditions and food safety, was born.

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The protagonist of the collaboration was a real weekly market organized in the Forgiatura courtyard, which gave producers the opportunity to display the best seasonal agricultural products and the neighborhood community the chance to buy tasty and genuine food of controlled and guaranteed Italian origin at the right price.

In most cases, the redevelopment phase of buildings results in a higher level of efficiency, energy-wise, as well as a great positive impact, both direct and indirect, in terms of social benefits on the qualified areas.

Indeed, redevelopment of real estate improves energy class and/or creates an office center in areas of cities that are run-down or of low socio/economic value.

The SGR does not promote investment instruments with environmental or social characteristics under Article 8 of Regulation (EU) 2019/2088 and does not have a sustainable investment objective under Article 9 of that Regulation. Therefore, the provisions on financial products promoting environmental or social characteristics or pursuing sustainability objectives are not applicable.