We have an opportunity to make a positive contribution to all of our stakeholders by integrating sustainability into the way we grow and manage our portfolio.
Our vision is to create environmental, social and economic value for our shareholders and wider stakeholders by integrating sustainability into the way we grow and manage our portfolio.
Our sustainability strategy
Integrating environmental, social and governance (“ESG”) risks and opportunities into how we do business is increasingly important across our stakeholder groups, in particular helping us attract and retain occupiers and appeal to a broader range of investors. To inform our approach, in 2020 we undertook a materiality assessment to identify the key risks and opportunities most important to our business and our stakeholders, see matrix.
Chair of the Sustainability Committee
Warehouse REIT material issues
4 issues out of 27 identified as the most material
Building labels and standards (including LEED, BREEAM & EPCs
Energy & carbon
Climate change adaption, mitigation and resilience
Health, safety and security of buildings and site users
Our sustainabilty strategy
To further structure our approach and deliver on our vision to be the warehouse provider of choice, we have established a clear framework, focusing on 4 key themes, which includes interim targets and long-term goals, as set out in the linked pages.
CREATING A RESILIENT PORTFOLIO
Creating a resilient portfolio reduces our risk exposure to current and future legislation, transitional and physical climate risks and changing occupier demand.
REDUCING OUR FOOTPRINT
Reducing our environmental footprint ensures our assets are aligned to a net zero carbon future, while reducing operating costs by minimising utilities consumption including water, energy and waste removal.
SUPPORTING OUR OCCUPIERS
Supporting our occupiers strengthens our relationship with them, encourages sustainability knowledge sharing and helps drive the sustainability and broader ESG agenda across the sector.
RESPONSIBLE BUSINESS FOUNDATIONS
Being a responsible business is critical to managing our sustainability risks while also clearly communicating our ambitions and actions to our investors and wider stakeholders.