Responsible investing in real estate

We believe that as building owners and operators, we have a central and urgent role to play in delivering the changes needed to drive down carbon emissions in the real estate sector.  We also believe that location, occupier, building size and building quality are important factors in delivering better-quality, better-performing real estate assets.

Achieving carbon emission reduction

Over the last 10 years, we’ve successfully achieved our carbon emission reduction targets across our entire real estate portfolio. We’ve established a strong sustainability and ESG framework, based on active portfolio management, which sets out our strategy, policies, asset level plans and targets, green lease clauses, and monitoring and reporting systems. For new developments and capital works, ambitious sustainability targets and requirements such as BREEAM and Soft Landings have been in place for many years.

We’re committed to improving social outcomes across the assets that we manage, leading to better health and wellbeing and building a more inclusive economy and society.

We also believe that our societal objectives go hand in hand with our environmental goals. In our view, net zero carbon goals will not be met unless our decarbonisation efforts are intrinsically linked to the creation of a more equitable society. This is about achieving a just and inclusive low-carbon transition. 

This social value framework will act as a baseline against which we can identify specific social and environmental impact initiatives that can support the delivery of greater social outcomes and positive impact in the local communities that we can directly influence or through our occupiers.