Aligning to ESG StandardsOur ESG experts worked closely with the Head of Sustainability in Real Estate Equity and Debt Funds to ensure their ESG strategy incorporated the latest SFDR and EU Taxonomy requirements. Both Article 8 and 9 of the SFDR fund criteria were reviewed and analysed to identify any gaps and opportunities to better align with this standard. This meant that the team could look to implement better internal processes for improved EU Taxonomy reporting. This included a review of an ESG risk rating to inform a revamped impact reporting framework relevant to each investment approach which spanned across different investment strategies such as Core Fund, Core Plus, Value Add and New Construction.
Embedding Real SustainabilityWe also helped develop key overarching policies that integrate sustainability and ESG considerations into their existing processes and commitments. These policies included Net Zero, Climate Resilience, Responsible Procurement and Tenant Engagement policies. Considering they had already established a commitment to Net Zero, we helped devise a policy that will see their Real Estate equity funds work towards a Net Zero target which will in turn play a key role in defining the roadmap they will take towards achieving their long-term sustainability goals. The policies we helped devise have also embedded principles from global frameworks into their ESG strategy such as the UN Sustainable Development Goals (SDGs) and the UN PRI principles. Now they will be directly contributing towards achieving several of the SDGs, including:
- SDG 7: Affordable and Clean Energy
- SDG 11: Sustainable Cities and Communities
- SDG 13: Climate Action