Transforming spaces

We aim to transform the spaces where people live and work into adaptive energy positive eco-systems.

Word from the CEO

Years ago, when I entered into the real estate industry, I realised that it was full of flaws. I saw numerous participants at different points of the process, often with unclear or conflicting roles, thick contracts that do nothing to prevent conflicts and lawsuits, parties focused on taking as large a piece of the cake as possible – at the expense of the whole. I saw financing processes that were cumbersome, restrictive and expensive and building philosophies and practices that ignored their impact on the planet where we all live, increasingly closer together.

As a relative outsider I saw an opportunity to find new and better ways to develop real estate which would bring benefits to all stakeholders. The need for change was enormous and the possibilities for innovative returns even larger.

I realised that the only way to change was to create the change itself; indeed to become the change. It is time to rethink and exploit synergies that are, as yet, untapped.

We need to look at all aspects of the industry; Where can we conserve energy; through optimisation, re-use and even eliminate the need? How can we engage and empower companies and individuals? How can we make sure that emerging technologies are implemented in the most sustainable ways? – And how can we prove that what we do, actually IS according to the highest standards?

Sparked on by the Net Zero Asset Managers initiative, launched in December of 2020 by the world’s largest fund managers, we are embarking on the race to carbon neutrality. We will offer authentic, innovation and solutions that reduce energy consumption through efficiency, recycling or reduction and at the same time provide transparency for investors through to the projects themselves.

Now we invite similarly forward-thinking partners to share our vision. Together, we will create a greener and more profitable industry for the benefit of society. In this way we can enhance the built environment, achieve carbon neutrality and improve investment returns over the long-term.

Welcome to the MIRIS vision of smarter business for a healthier planet.

Corporate Governance and CSR

MIRIS is a strong supporter of the global climate goals. At MIRIS we consider the UN Sustainable Development Goals, the Paris Agreement, and the EU Taxonomy as important guidelines in the development of all our projects. We ensure each project of MIRIS prioritises specific global climate goals depending on their purpose and vision. We do so because our contribution in combating climate change is important to us.

We also believe we have a corporate responsibility to ensure our work benefits society as a whole. We want MIRIS to have a positive effect on both people and the planet. Therefore, we are strongly committed to building a sustainable and responsible world by constantly increasing our positive impact and reducing our negative impact.

Action speaks louder than words

We follow a Green Finance framework that enables us to issue green bonds and other green financial instruments and allows the company to identify, select, manage and report on eligible projects and assets in line with International Capital Market Association Green Bond Principles.

Green Finance is important as it promotes and supports the flow of financial instruments and related services towards the development and implementation of sustainable business models, investments, trade, economic, environmental and social projects and policies.

MIRIS has chosen CICERO as a provider of its second opinion. CICERO second opinions are independent, research-based evaluations of green bond investment frameworks to determine their robustness.

GREEN FINANCE FRAMEWORK

This Green Finance Framework has been developed by MIRIS to facilitate issuance of Green Finance Instruments. These instruments can include, but are not limited to, Green Commercial Papers, Green Private Placements, Green Loans, and other types of debt instruments in line with the definition of “Green Finance Instrument” provided above.

MIRIS’ Green Finance Framework has been developed in alignment with the Green Bond Principles 2018, and is structured around the four components of these principles:

Use of Proceeds
Process for Project Evaluation and Selection
Management of Proceeds
Reporting

Additionally, as outlined in the Green Bond Principles, and to reflect MIRIS’ commitment to the future development of green finance, this Green Finance Framework strives to adapt and so to align, where possible, with current and future international and national initiatives to produce taxonomies such as the Climate Bond Standard V2.1 and the proposed EU Taxonomy June 2019.

The proceeds from MIRIS Green Finance Instruments will be exclusively allocated to Eligible Projects. “Eligible Projects” include projects that target:

The mitigation of climate change, such as through investments in green buildings, energy efficiency, renewable energy, innovative technology with a potential for significant future energy savings, clean transportation, and waste management.
The adaptation to climate change, such as water and wastewater management.
Environmental and ecosystem improvements, such as emissions reduction and waste management.

International Energy Agency «Energy Efficiency: Buildings – The global exchange for energy efficiency policies, data, and analysis