With the assistance of Carbon Intelligence, specialist environmental consultants, the Company has set target environmental key performance indicators (“KPIs”) to provide a strategic way to measure its success towards achieving its environmental objectives and ensure the Investment Manager is embedding key ESG principles.  These environmental KPIs cover our main areas of environmental impact including energy efficiency, greenhouse emissions, water, waste and tenant engagement.

These KPIs help the Company to monitor our ESG progress and directly support climate risk mitigation and capture some ESG opportunities from the transition to a low-carbon economy. As we progress our climate-related risk identification and management, we aim to identify and implement further climate-related metrics that can more clearly define the impact of climate-related risks and opportunities on our business.  ESG reporting frameworks, including GRESB, require businesses to disclose the KPIs which contribute towards benchmark scoring and potentially influence investor decisions.

The Company’s qualitative and quantitative environmental targets, measured via the KPIs, cover four ‘boundaries’ and are set out below:

The graph below illustrates progress made on improving the EPC profile of the Company: