By firmly embedding Environmental, Social and Governance (ESG) issues into our decision-making processes, we enhance and protect the value of the assets and investments we manage during ownership. Our Sustainability Policy outlines our approach. Additionally, our Sustainability Strategy for Developments expands on our policy and applies it to the minimum standards we expect in construction or refurbishment projects.
We set ambitious and measurable targets for our business – on a corporate level, for each fund under management, and for individual assets. Our ESG Committee is held accountable for ensuring we meet these targets.
Following a materiality review in 2020 to determine the most relevant sustainability issues, we identified four material ESG areas to focus on in order to achieve our strategic aims which you can see below.
Alternatively, you can read our full Sustainability Report for further information.
By striving to reduce energy consumption and embed wider sustainability improvements, we enhance value and protect against future obsolescence
Our aim is for properties to provide a healthy, supportive and productive working environment that promotes wellbeing and efficiency
We engage with tenants and local communities to improve social value
We make sure that all our operations comply with legal, financial and property-related frameworks and are adaptable to future legislation
We’re committed to ESG measures that have a meaningful impact on our business and the assets in our portfolio – while remaining mindful of the hold period for each asset we manage.
Octagon Retail Park received a Green Apple Award in September 2020 for Environmental Best practice, recognizing the LED lighting installation that took place. The project will deliver carbon savings, cost savings, improved lux quality and reduced maintenance costs and resources.
At our mixed-use development in Coventry, we provide the local community with benefits that reach beyond the building itself. Pre-COVID, these included family-themed days out, a Santa’s Grotto at Christmas and discounted events for local university students. Encouraging full use of the area in this way has made Belgrade Plaza a thriving community hub.
COVID-19 has transformed our lives and impacted many areas of society and business. The health, safety and wellbeing of our team has lead us to implement several initiatives including mental health check-ups, online meditation sessions and virtual socials including an escape room, murder mystery and book club.
GRESB has become the main indicator of a real estate fund’s sustainability performance. We’ve been submitting to the GRESB Real Estate Assessment for four years – in 2020, one of our funds achieved two Green Stars. We intend to improve fund scores year-on-year, developing and rolling out ESG strategies across our portfolio.