ESG

ESG is about responsibility and sustainability in the company – for the environment (Environmental), for people (Social), and in the way it is managed (Governance). The requirement for ESG reporting applies from January 1st 2025 for large companies that meet two of the following three criteria: 1) more than 250 employees, 2) turnover over 50 million EUR, or 3) a balance sheet total over 25 million EUR. Neither the House Holding A/S group nor Ejendomsgruppen Impgaard Nielsen A/S, nor the two groups combined, meet the requirements for ESG reporting, but we only meet point 3 regarding the size of the balance sheet and therefore no reporting requirements.

In 2027, ESG reporting will be required for all listed companies’ 2026 annual accounts. Our groups are thus exempt, but our industry can expect a reporting requirement from our partners, primarily our bank and financing.

Within the three focus areas of ESG, we have the following comments in relation to our activities:

Environment

We affect the climate and environment through our energy consumption and thus CO2 emissions, water consumption, and pollution, as well as waste management.

Goal: We have a goal that all our properties must be upgraded to at least energy class C by the end of 2027.

Through the courtyard associations where Minova is represented, we will work to ensure a focus on public transport and good conditions for cyclists in the shared courtyards. We have no polluting companies as tenants, and the municipalities of Copenhagen and Frederiksberg manage waste sorting, which we are obliged to comply with. Aspects such as biodiversity and land use are not relevant for large urban properties located on relatively small plots, and climate risks and adaptation are expected to be a municipal responsibility.

Energy Label Reports

According to Executive Order No. 1651 of 18/11/2020 from the Ministry of Climate, Energy and Utilities, the landlord of a property, a dwelling, or a commercial unit in a property must obtain an energy label, either for the entire property or the unit. The landlord/owner must ensure that the tenant receives the energy label.

In the spring of 2025, Minova had an energy labelling report prepared for all properties, as well as evaluation reports carried out by TÜV SÜD Domutech A/S, with initiatives to improve the current energy class. Therefore, the energy class from the energy labelling report can be found on all our property presentations. At the time of writing (August 2025), 16 properties are in energy class C and 5 properties are in energy class D.

Our goal for all properties to be in class C by 2027 is due to a major renovation and development project for the property at Nannasgade 14/Vølundsgade 1-5, which requires approval by the Municipality of Copenhagen, and therefore we do not control the project timeline ourselves.

People

As a company, we strive for social conditions that support a good, healthy, and positive working environment for our employees. Our tenants are our customers. We commit to always providing conditions that reflect the applicable lease agreement and a good and calm environment. Conversely, we expect our tenants to always comply with the applicable lease agreements.

Minova actively works to ensure that Copenhagen remains a vibrant and sustainable city for those who live in the capital. Therefore, we distance ourselves from platforms such as Airbnb, which contribute to mass tourism and not only put pressure on the city’s housing market but also for our ‘permanent’ tenants, who are bothered by the constant moving in and out of airbnbs in their stairwells. We believe in quality over quantity. By combating unregulated rentals and prioritising long-term solutions, we contribute to a more sustainable future for Copenhagen. (We also refer to our policies regarding GDPR.)

Governance

Minova is a small organisation, with everything that entails in terms of close coordination, many roles for each employee, and a good and close working environment. (We also refer to ‘People’.) For ESG reporting, reference is made to a number of areas that must be described along with relevant metrics. As we are not subject to ESG reporting requirements, we choose not to describe this here.