Climate

Investments

• Where we have direct control of the asset and management discretion of our long-term core strategies, we commit to implement actions to achieve net zero carbon performance by 2040 or sooner. In line with the World Green Building Council net zero hierarchy, we will focus first on asset’s operational efficiency and energy procurement. This will be followed by carbon offsets where necessary.
• In our shorter-term enhanced return strategies we will focus on creating energy efficient future-ready assets. We will minimize embodied carbon through preservation of existing structure and careful new materials selection, using whole lifecycle analysis.
• Where we do not have control or do not have discretion, we will engage with our clients, tenants, fund managers, operating partners and management teams of companies in which we invest, to influence and help them to transition to net zero carbon performance.

Operations

• For all our operations, we commit to implement actions to achieve net zero carbon performance in line with Science Based Targets, by 2035 or sooner. We will offset our operational carbon from 2019 onwards, achieving carbon neutrality.
• Where we have direct control of our office’s fit-out and energy procurement, we will focus on operational efficiency, including business travel and energy procurement.
• We will engage with our landlords and the supply chain to influence and help them to transition to net zero carbon performance.

People

Investments

• Where we have direct control of the asset and management discretion of the portfolio, we commit to implement actions to provide facilities and amenities which support health and well-being of our assets’ users by 2040 or sooner. In line with the principles of WELL building, we will focus on assets’ indoor air quality, thermal and visual comfort, accessibility and cycling facilities.
• Where we do not have control or do not have discretion, we will engage with our clients, tenants, fund managers, operating partners and management teams of companies in which we invest, to influence and help them to implement well-being, diversity and inclusion principles in their assets and operations.

Operations

• For all our operations, we commit to implement actions to support social, mental and physical well-being of our teams.
• We will consistently listen, learn, act and invest our time and financial resources to build an inclusive culture, ensure a diverse talent pipeline and advocate for diversity and inclusion in the marketplace.
• We will focus on the sustainable fit-out and provision of mental and physical well-being programs and initiatives.
• We will engage with our landlords and the supply chain to influence and help them to implement well-being, diversity and inclusion principles in their assets and operations.

Influence

Investments

• Where we have direct control of the asset and management discretion of the portfolio, we commit to engage with our supply chain to improve their sustainability performance by 2040 or sooner. In line with the B Impact principles, we will develop and implement a sustainable procurement policy, focusing on achieving our Vision of a sustainable, net zero carbon, resilient, equitable and healthy society.
• Where we do not have control or do not have discretion, we will engage with our clients, tenants, fund managers, operating partners and management teams of companies in which we invest, to influence and help them to improve their sustainability performance.

Operations

• For all our operations, we commit to implement actions to align with the B Impact principles by 2030 or sooner.
• We will focus on education and empowerment of our employees to equip them in their work towards achieving our Sustainability Vision.
• We will engage with our peers, supply chain and communities to raise their awareness and capability to support and participate in the transition to a sustainable, net zero carbon, resilient, equitable and healthy society.