ASK Property Investment Advisors Private Limited (“ASK PIA”, “Fund Manager”), a venture of ASK Group manages and advises India focused real estate dedicated funds. ASK PIA invests in real estate opportunities using its investment expertise, sound research and decades of experience in real estate and asset management.

The Fund Manager acknowledges the potential for both adverse and beneficial environmental, social and governance (ESG) impacts from their investments in the evolving regulatory landscape of real estate development over the past decade. Recognizing the need for a proactive approach, ASK PIA is committed to systematically identifying risks and opportunities to effectively manage and monitor ESG risks and strengthen opportunities in the current business climate.

ASK PIA has adopted an Environment, Social and Governance (ESG) Policy to integrate environmental, social, and governance considerations into their investment decisions through implementation of E&S Risk Assessment & Management procedure in alignment with national and international ESG safeguards.

Scope

The ESG Policy will be applicable to all investments of ASK PIA managed RESOF IV and future Funds. The Fund Manager will ensure communication of the ESG Policy to all relevant stakeholders including developers of the projects invested by ASK PIA.

ESG Policy Statement

Adopted on February, 2024

Our Commitment: ASK Property Investment Advisors Pvt. Ltd. (ASK PIA) believes in investing in the right projects that benefit all in the long run that is backed by research and risk evaluation. With this mindset and endeavour for sustainable development, ASK PIA integrates Environmental, Social and Governance (ESG) considerations into decision-making to manage risks and add value.
ASK PIA shall endeavour to invest in projects that:

• comply with national, state and local environmental, social and governance requirements, and aligned to international ESG frameworks;
• Establish inclusive, gender-responsive, safe, and healthy working conditions that foster open consultations;
• Set environmental, social and governance targets and measure progress;
• Ensure protection and conservation of the environment, minimize impact on biodiversity and communities;
• Minimize pollution and optimize use of resources, water and energy conservation; recycling and reuse of waste;
• Promote sustainability in supply chain;
• Adopt industry best practices to minimize greenhouse gas emissions;
• Endeavour to obtain green certifications;
• Proactively engage with all relevant stakeholders and timely resolution of grievances

Note: The ESG policy statement applies to development projects invested by ASK PIA’s funds.