ESG Policy Framework
Institutional Standards for East African Real Estate

1. Responsible Investment Principles

Murivest aligns its underwriting philosophy with the principles set forth by the Principles for Responsible Investment (PRI), a UN-supported framework promoting the integration of ESG factors into investment analysis and decision-making.

Environmental risk, tenant quality, governance integrity, and long-term resilience are evaluated alongside traditional financial metrics including yield, WALE, covenant strength, and downside protection. ESG integration is applied proportionately across advisory mandates depending on asset class, scale, and investor requirements.

2. Environmental & Green Building Standards

Where applicable, assets are evaluated against regionally relevant sustainability benchmarks, including:

• IFC EDGE (Excellence in Design for Greater Efficiencies) certification standards applicable across emerging markets.
• LEED certification standards administered by the U.S. Green Building Council.
• Energy efficiency, water stewardship, and embodied carbon reduction benchmarks relevant to East African climatic and infrastructure contexts.

Climate resilience considerations, including infrastructure access, flood risk, and long-term utility reliability, form part of asset-level risk assessment where material.

3. Social & Community Impact

Murivest prioritizes assets and development strategies that contribute positively to employment generation, infrastructure enhancement, and formalization of commercial corridors within Kenya and the broader East African region. Tenant selection and counterparties are evaluated for operational integrity and compliance with applicable labor and regulatory standards.

4. Governance & Reporting

Institutional-grade governance forms the foundation of all advisory mandates. This includes:

• Structured legal documentation and transaction transparency.
• Independent professional oversight (legal, valuation, tax).
• Compliance with Kenyan regulatory frameworks and AML standards.
• ESG-related disclosures aligned, where required, with Global Reporting Initiative (GRI) principles.

Reporting structures may be adapted to meet the disclosure expectations of European pension funds, family offices, and cross-border fiduciary capital.

5. Long-Term Stewardship Commitment

Murivest recognizes that institutional real estate capital is inherently long-duration. ESG integration enhances risk management, supports capital preservation, and strengthens downside protection across market cycles. The firm remains committed to evolving its ESG framework in alignment with global best practice and regional market realities.