On this page, HVPF Manager III, LLC, a Delaware limited liability company (the “Manager”), a controlled affiliate of Hudson Valley Property Group, LLC, a New York limited liability company (“HVPG”) is making the following disclosures required to be made pursuant to Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector (“SFDR“).
Sustainability Risk Policies – Article 3 Disclosure
HVPG believes that energy management, promoting health and well-being and sustainable practices help to preserve the environment for future generations, enhance the financial value and increase the resilience of the communities we own and manage. HVPG is fundamentally committed to addressing and minimizing sustainability risks and environmental impacts through continuous improvement of ESG performance, sustainable design and operating standards as well as transparency.
Sustainability risks are integrated into HVPG’s overall investment process (as described in the Article 10 Disclosure) through its investment due diligence process. The outcome and potential red-flags of the ESG aspects of due diligence activities will be shared with the investment committee for consideration.
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Principal Adverse Impact Statement – Article 4 Disclosure
HVPG is not formally required to consider the principal adverse impacts of its investment decisions on sustainability factors under Article 4 SFDR. As such, given the limitations in data availability and the disproportionate regulatory burden, it does not intend to consider the principal adverse impacts of its investment decisions on sustainability factors.
HVPG will continue to keep its position under review.
Remuneration Statement – Article 5 Disclosure
Hudson Valley Property Group, LLC has established a remuneration policy.
The policy is developed, approved, implemented and monitored by several departments, including human resources and risk & compliance management. HVPG’s remuneration policy is designed not to encourage or reward excessive risk taking, of which sustainability risk is one part.
Therefore, sustainability risk is not considered as a discrete element, but as part of HVPG’s overall remuneration process.
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