Benchmarking based on GRESB enables the Retail Fund to improve sustainability. It provides us with the information we need to report the performance and targets within our assets on a regular basis.

Cooperation and engagement with our tenants and other stakeholders is an essential part of our sustainability strategy.

The Retail Fund's sustainability strategy is focused on reducing the environmental footprint of the shopping centres or retail assets in its portfolio.

Bouwinvest Dutch Institutional Retail Fund N.V. (the Retail Fund) was established in 2010. Stichting Bedrijfstakpensioenfonds voor de Bouwnijverheid (bpfBOUW, the pension fund for the construction industry) is the Retail Fund’s anchor investor.

The Retail Fund is structured as an investment company with variable capital, as defined in article 2:76a of the Dutch Civil Code, with its corporate seat in Amsterdam, the Netherlands.

Bouwinvest has implemented a risk management framework based upon the principles of The Committee of Sponsoring Organizations of the Treadway Commission (COSO).

Within the domain of the Retail Fund, we distinguish the following risk clusters:

All amounts in € thousands, unless otherwise stated

Before appropriation of result, all amounts in € thousands

For 2017, before appropriation of profit, all amounts in € thousands