PSP Swiss Property AG

We believe PSP has good governance mechanisms in place to execute on its current transition strategy. The Chief Investment Officer's (CIO's) responsibility for PSP's portfolio investment plan and role in leading the Sustainability Taskforce link PSP's goal of reducing its portfolio's carbon emissions with its investment decisions. The CIO leverages the Sustainability Taskforce, comprising representatives from across the business, to report to the wider executive board on sustainability matters. Since 2024, executive compensation is influenced by environmental, social, and governance considerations, including the climate transition.

We believe PSP has good governance mechanisms in place to execute on its current transition strategy. The Chief Investment Officer's (CIO's) responsibility for PSP's portfolio investment plan and role in leading the Sustainability Taskforce link PSP's goal of reducing its portfolio's carbon emissions with its investment decisions. The CIO leverages the Sustainability Taskforce, comprising representatives from across the business, to report to the wider executive board on sustainability matters. Since 2024, executive compensation is influenced by environmental, social, and governance considerations, including the climate transition.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]In general, one of our principles is not to engage directly with policy makers on any topic and we are not involved in lobbying. Therefore, we also don't see a requirement for PSP to engage directly with policy makers on the climate change topic. We are however engaged in real estate industry efforts to drive the sustainability agenda and work towards transparency and comparability of key performance indicators with regard to energy use and CO2 (on a European level via the Sustainability Committee of EPRA, or on the Swiss level via the "Swiss Sustainable Real Estate" working group).

In the Swiss political system environmental and climate change issues have a strong position. The policy by the government is moderate and predictable but is setting stronger standards step by step. Particularly on a cantonal or city level regulation on building standards is becoming very strict. Our aim is to have the full information of the future development and to be always one step ahead of legislation to get the advantages as a first mover. Our legal department as well as our building department are therefore constantly screening legislation on Federal, Cantonal and Community level. There may be discussions with authorities or persons responsible for the implementation of climate-related regulation, but there is little scope for influencing regulation - this is more about interpretation of regulation in specific projects.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, and we do not plan to have one in the next two years