For our investments to meet high ESG standards we ensure that sustainability is fully integrated across all our activities.
Our approach is aligned with the Company’s strategy and business model; placing sustainability at the centre of all investment decisions, including how we manage, add value and innovate to deliver a modern, efficient and sustainable portfolio that enables our tenant occupiers and stakeholders to succeed.
1. How we invest
We want to be known as a leader in responsible investment. We take the lead by investing in and developing sustainable space for occupiers, communities and the environment.
- Responsible investment practices
- Achieving high standards for ESG ratings
- Green building accreditations
2. How we manage
We manage our funds to have leading sustainability ratings. We focus our energy and expertise, understanding where we can directly impact and where we need to influence, facilitate and partner sustainable initiatives.
- Green leases
- EPC improvement
- Encouraging the adoption of green energy
- Climate resilience
- Biodiversity measures
- Sustainable transport
- Supply chain management
3. How we add value
We create social value in all communities we invest in. By delivering a clear sustainability strategy we will deliver improved financial returns to our investors and deliver value to society.
- Tenant engagement and awareness
- Health and wellbeing for occupiers and communities
- Skills and jobs in developments
- Community investment
4. How we innovate
We innovate to ensure our funds are net carbon neutral. We use our ingenuity to find new and creative ways to enhance our communities.
- Net zero carbon construction
- Sponsorship of sustainability innovation award
- Piloting innovations with partners that share high sustainability goals
Working with our stakeholders
We recognise that we cannot achieve this alone, so we seek to collaborate with our stakeholders to achieve our ambition. We engage with our stakeholders in a variety of ways; from formal processes such as public consultations for new developments and materiality exercises, day-to-day interactions with our customers, and working with the wider industry to further the sustainability agenda.
We conducted an Occupier Sustainability Survey in 2019, seeking to understand how we can support our occupiers to improve the sustainable performance of the buildings they lease from us. We benefitted from a response rate of 27%. Overall, occupiers rated all sustainability features as 'Good'. We have used the findings to create bespoke Sustainability Action Plans for each building. We are progressing these plans in collaboration with our occupiers.
Measuring our performance
We are transparent about our sustainability performance and seek to disclose all material information to our wide range of stakeholders. In addition to disclosing our material impacts annually, we engage with the key selected ESG indices noted below. These provide valuable rating and benchmarking measures of sustainability performance. This helps us to demonstrate our achievements as well as providing feedback to help inform our management practices.
Our progress in 2020/2021:
- GRESB score improved with an 18 point increase. We have also been awarded four Green Stars out of a maximum of five.
- GRESB score improved with an 11-point increase in scores and the award of two Green Stars