Dynamic Credit Sustainability Report 2023

Corporate social responsibility is imperative for Dynamic Credit. It’s not only reflected in our mission to match savings with credit to create a more prosperous and sustainable society, but also part of the daily business. Continuous effort is spent to improving our organization’s societal footprint, striving towards carbon-neutral operations. We want to be transparent about our progress on our mission. That's why we will start reporting on our ESG strategies, goals and progress in this Sustainability Report. This is the first edition.

We are committed to integrating E(nvironment), S(ocial), and G(overnance) best practices in everything we do. To further embrace ESG in our day-to-day way of working, we have an ESG team with members from various business lines. This team has the responsibility to design, implement and monitor ESG-related initiatives.

We acknowledge that we are not perfect, and that there is still a way to go on the road-to-net-zero. We also realize that our role in the market is limited, and thus we should not over-estimate the impact we can have. However, we commit ourselves to doing what we can, and to consider our responsibility in the decisions we make.

Download the full Dynamic Credit Sustainability Report 2023 here.

Highlights from the report

(E)nvironment

Goals

• Reducing our carbon footprint: Every year, we work towards reducing our consumption of energy and other valuable materials. We calculate the carbon footprint of our own operations and offset any residual footprint with carbon credits in certified carbon offsetting projects.
• Providing sustainable product offering: We actively work towards launching new sustainable products, or adding sustainable criteria to existing products, to improve the sustainability of the housing market.

Strategy

We contribute to a more prosperous and sustainable society by creating sustainable value for borrowers and institutional investors through lending solutions, and by setting a great example as a company. We look for ways to reduce the environmental impact of the value chain we operate in – our own organization, our business partners, the products we offer to investors, and the assets we have under management.

Progress

Our footprint has remained stable at roughly 30 tonnes of CO2, but that is mostly because we expanded the scope of our calculation to include our Microsoft Azure usage. This is the first step in further expanding our footprint scope to include all our business partners.

(S)ocial

Goals

• Stimulating financial inclusion: through our products and communication
• Stakeholder engagement and community outreach activities: by volunteering time and resources to local charities and projects
• Improving the wellbeing of our colleagues: through improved mobility & learning and development

Strategy

We aim to address social inequality through our company’s actions, stimulating financial inclusion in our society. We also want to contribute to socially conscious projects in our local community. Lastly, we are always looking for ways to improve employee wellbeing.

Progress

We volunteered roughly 1,4 hours per FTE towards social initiatives, as part of the BNP Paribas volunteering platform, and achieved a significant increase (from 60% to 81%) in employee engagement, our main measurement for employee wellbeing.

(G)overnance

Goals

• Policies and procedures: in place to ensure our company meets the highest standards.
• Climate risk & carbon reporting: Incorporated in our extensive reporting routine towards investors is an analysis on the carbon impact of their portfolio of mortgage investments, to facilitate them in their road to net zero. We also provide investors with a detailed description of the climate risks their portfolio is exposed to, to inspire awareness and positive action.
• Ethical and sustainable market development: spending our time and resources to initiatives that promote a more ethical and sustainable mortgage market.

Strategy

We want to run our business in a responsible and transparent manner. This means having policies and procedures in place to that promote ethical and responsible conduct. We hold ourselves and our business partners accountable for their actions, and strive towards transparency throughout our company and the broader value chain we operate in.

Progress

We spend our scarce time and resources to join committees from market parties, regulators and policymakers that aim to stimulate a more ethical and sustainable mortgage market, and annually produce extensive climate risk & carbon footprint reporting for our investors.

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Disclaimer Dynamic Credit Group B.V. (‘Dynamic Credit’) is a registered investment company (beleggingsondernemingsvergunning) and a registered financial service provider (financiëel dienstverlener) with the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten). This presentation is intended for informational purposes only and is subject to change without any notice.The information provided is purely of an indicative nature and is not intended as an offer, investment advice, solicitation or recommendation for the purchase or sale of any security or financial instrument. Dynamic Credit may in the future issue, other communications that are inconsistent with, and reach different conclusions from, the information presented herein. Dynamic Credit cannot be held liable for the content of this presentation or any decision made by a third party on the basis of this presentation. Potential investors are advised to consult their independent investment and tax adviser before making an investment decision. An investment involves risks. The value of securities may fluctuate. Past returns are no guarantee for future returns.