Sustainable thinking, practical solutions

We believe that sustainability has to be fully embedded into all of our activities. A responsible and ethical approach to business is essential for the benefit of all our stakeholders, and understanding the long-term impact of our decisions will help us to manage risk and continue to generate value.

In the past we had considered sustainability in terms of the environmental impact of the portfolio, and how we could minimise this. We had set a number of targets in 2016 and with many of these having been met, our aim was to re-evaluate  sustainability issues important to us and all our stakeholders and integrate sustainability within our corporate strategy.

We recently carried out a materiality assessment process including a robust analysis of potential material issues, both internal and external, and stakeholder interviews. The findings were able to help us determine our sustainability priorities in light of our overall business strategy. These material issues are now aligned to our strategic priorities and we are working to ensure we have clear targets against each of these to effectively measure our sustainability performance.

Our Responsibility Committee guides, defines and leads our focus on these sustainability initiatives. We disclose absolute and intensity performance measures as set out by the EPRA Sustainability Best Practice Recommendations and provide commentary for improved transparency.

We continue to report our overall energy, greenhouse gas, water and waste usage by sector and also collate occupier data relating to energy consumption and our carbon footprint.

We are continually working to identify and target key impact areas across the portfolio, contributing to better management of the overall environmental performance. We are now embarking on developing our pathway to net zero carbon, in line with the Better Buildings Partnership framework.