Please find the Fund’s Sustainability-related disclosures in the link below:
Onepointfive Thematics SFDR Website Disclosures
(Information published on: 31.10.2024. Last updated on: 24.10.2024)
Kraft Private Equity AS 2024 AS SFDR
(Information published on: 24.06.2025. Last updated on: 20.06.2025)
Responsible Investment Policy for Njord Alternative Investments
Regulation 2019/2088 also known as the EU Sustainable Finance disclosure Regulation (SFDR), requires, among other things, alternative investment fund managers to disclose the manner in which sustainability risks are integrated into investment decisions, whether and how principal adverse impacts of investments decisions are considered, and how remuneration policies are consistent with the integration of sustainability risk in investment decisions
Njord Alternative Investments As (NAI) is an Alternative Investment Fund Manager (AIFM) authorized by the Financial Supervisory authority of Norway and is subject to disclosure and reporting obligation set out in the SFDR.Integration of Sustainable risk
Njord Alternative Investments (NAI) understands a sustainability risk as “an environmental, social or governance event or condition that, if it occurs, could cause a negative material impact on the value of an investment”. Sustainability risks may result from the investments made by NAI on behalf of its investment mandates but may also be exogenous risks that could pose challenges to the investments and their projected returns in the future. NAI believes that adverse sustainability impacts are important to avoid as they can reduce the risk adjusted returns in its investment portfolios. Sustainability risks can materialise throughout the investment lifecycle.
As part of the Funds' investment strategy and risk monitoring, the Company considers sustainability risks in its investment processes as described in the fund documentation or, if relevant, the supplement to the fund documentation relating to each fund.
According to SFDR Article 3, information must be published regarding the integration of sustainability risks in the investment decisions made by the Company on behalf of Funds.
• Social risk, such as negative events related to health and safety associated with the technical building conditions and construction of real estate and pollution.
• Physical climate risk, such as extreme weather or other climate risks that expose the real estates and/or other real estate investments to physical damage.
• Transition risk related to, for example, future climate and environmental legislations on energy consumption and greenhouse gas emissions, technological changes, and changes in market preferences.
Sustainability risk may have a significant impact on the value and/or return of the fund’s investments. A materialised sustainability risk may, among other things, necessitate new investments in the form of improvement measures on the affected real estate, or investments in climate measures because of new or amended regulatory requirements for real estate. Sustainability risks may also create challenges about raising capital in the future.
The consequences of sustainability risks will vary depending on the specific risk that materialises. By taking sustainability risks into consideration, the aim is to identify these risks and respond appropriately to minimize the impact on the Funds' investments.
Negative consequences of Sustainability factors
In accordance with Article 4 of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR), NAI hereby states that we do not currently consider the principal adverse impacts of investment decisions on sustainability factors (Principal Adverse Impacts – “PAI”) at the fund level.
This is due to the following reasons:
• Data Availability and Quality: For many of our investments – particularly in real estate projects - there is still limited access to standardized and reliable ESG data necessary to assess and report on the PAI indicators as outlined in the SFDR Regulatory Technical Standards (RTS).
• Methodological Challenges: There remain methodological and practical challenges in applying certain PAI indicators within private equity and real estate, especially during the early stages of investments or development projects where ESG structures are not yet in place.
• Proportionality and Resource Allocation: As a small to medium-sized manager, we aim to ensure thatour approach to sustainability integration is proportionate to our resources and the needs of our clients. We are therefore continuously assessing when and how it may be appropriate to implement full PAI reporting at the product level.
We will continuously evaluate whether, and if so when, we will begin to consider PAIs in our funds. This will depend, among other factors, on developments in data availability, regulatory clarification, and investor expectations. Any changes to our approach will be published on this site and included in future updates to our fund and sustainability documentation.
Funds managed by NAI
SFDR establishes disclosure and reporting requirements under three sets of rules, depending on the fund's investment strategy and how the fund is marketed. All funds must follow one of the three sets of rules based on the integration and weighting of sustainability: dark green funds (SFDR Article 9), light green funds (SFDRArticle 8), and mainstream funds (SFDR Article 6).
Article 9 - funds with a sustainable investment objective
Article 8 - funds that promote environmental and/or social characteristics.
Article 6 - funds that consider sustainability from a risk management perspective.
All the real estate funds are classified as mainstream funds under SFDR Article 6. This means that the funds do not have a sustainable investment objective in accordance with SFDR Article 9, and do not, through their investments, promote environmental or social characteristics, or a combination of these in accordance withSFDR Article 8. The Funds are not required to make sustainable investments in accordance with SFDR Article2(17).
Our PE funds in funds are classified in accordance with SFDR Article 8.
This information is provided solely to comply with the requirements of the SFDR and should not be binding or create any obligations for the Company. The only basis for legal obligations between the Company and investors in the Funds under management is the pre-contractual information provided in the fund documentation, including subscription forms.
As of 16 June 2025, NAI manages the following funds:
Real Estate Funds
The following statement is included in accordance with Article 7 of the Taxonomy Regulation: The underlying investments of the Funds does not take into consideration the EU criteria for environmentally sustainable economic activities as defined in the Taxonomy Regulation.
Vestlandet Komunebygg AS (Article 6)
Lillehammer Etatbygg AS (Article 6)
Ski Etatbygg AS (Article 6)
Sørlandet Etatbygg AS (Article 6)
Bergen Etatbygg AS (Article 6)
Tønsberg Etatbygg AS (Article 6)
Førde Etatbygg AS (Article 6)
Offentlig Eiendomsinvest I AS (Article 6)
Kjeller Eiendomsinvest AS (Article 6)
Kraft Eiendomsinvest I AS (Article 6)
Njord Public Property II AS (Article 6)
Njord Public Property II Invest AS (Article 6)
Private Equity Funds
Onepointfive Thematics (Article 8)
Kraft Private Equity 2024 AS (Article 8)
Remuneration policies
In accordance with Article 5 of SFDR, the Company shall include information in their remuneration policies information on how those policies are consistent with the integration of sustainability risks. The company has focused on long-term when it comes to sustainability, so we are not offering remuneration to ensure that there are no incentives to take unnecessary risks related to sustainability.