Judge's report

APG has been pioneering ESG initiatives for some time and is often seen as one of the industry leaders, but its recent move from ESG to impact investing is very powerful. This, combined with its focus on new technology to drive improvement in risk-adjusted returns and ESG integration, has the potential to become a new industry standard. APG’s adoption of AI is at the early stages, but by taking an innovative approach with clear applicability and industry relevance the use of proprietary technology is promising and ambitiously creative.

APG’s proprietary tool, Samuel, demonstrates how technology can be effectively integrated into real estate investment as well as boosting performance metrics for impact investment. The fund’s efforts to provide transparent and measurable disclosure on impact KPIs, addressing a significant gap in the industry, is commendable.