Welcome to the ESG area of the Custodian REIT plc website
The Board recognises that its decisions have an impact on the environment, people and communities. It also believes there are positive financial reasons to incorporate good ESG practices into the way we do business.
The Board shares the increased stakeholder interest in, and recognises the importance of, compliance requirements around good ESG management. It seeks to adopt sustainable principles wherever possible, actively seeking opportunities to make environmentally beneficial improvements to its property portfolio and encouraging tenants to report and improve emissions data. As testament to this commitment, the Board recently constituted an ESG Committee to monitor the Company’s performance against its environmental key performance indicators (“KPIs”); ensure it complies with its environmental reporting requirements; assess the engagement with the Company’s environmental consultants; and assess the level of social outcomes being achieved for its stakeholders and the communities in which it operates.
The Company’s ESG policy outlines our approach to managing ESG impacts and provides the framework for setting and reviewing environmental and social objectives to ensure we are continuously improving our performance and setting a leadership direction.
As a result, the Board committed to:
- Seek to minimise pollution and comply with all relevant environmental legislation;
- Gather and analyse data on our environmental performance across our property portfolio; and
- Monitor environmental performance and achievements against targets for our properties as a commitment to continuous improvement.
Our recent ESG achievements are set out below:
The Company’s 2020 Annual Report received an EPRA Sustainability Reporting ‘most improved’ award.
Made our first Global Real Estate Sustainability Benchmark (“GRESB”) submission in 2020, which provided valuable insight into the Company’s sustainability performance.
Set target environmental KPIs to measure its success towards achieving its environmental objectives.
Implemented a comprehensive environmental data management service using a dedicated software system that collects, verifies, stores and reports on the key carbon and ESG performance metrics.
Undertook its first in-depth review of climate-related risks and opportunities to begin to align disclosures to the recommendations of the Task Force on Climate-related Financial Disclosures.
Hazel Adam – Chair of the ESG Committee