More on ESG
We are cognisant of the increasing need to quantify our impact and have enhanced our focus on disclosure and delivering greater levels of meaningful ESG data, this process will continue to be improved over time. Further detail on the components of our sustainability strategy can be found here.
Environmental
We strive to use natural resources as efficiently as possible while we carefully manage our direct operational footprint, and aim to provide our tenants with energy and water security. We believe in creating financial and social value in a sustainable way that ensures a low-carbon inclusive world.
We are committed to
Advocating climate action within our business and alongside our tenants. Engaging with the communities in which we operate, and reducing our carbon footprint.
Collecting appropriate data that enables us to set defined, actionable and always science-based goals and targets, and seeking to measure performance against these going forward.
Incorporating data-driven considerations regarding climate change and environmental sustainability in our decision-making process, to help guide us.
Allocating capital in a way that is not environmentally destructive or carbon intensive. Where possible, investing in the rollout of return-generating renewable energy.
Environmental Policy
Our Environmental Policy and Climate Change Statement considers the challenges to the global economy. We recognise the complexity and urgency of climate change and are committed to the transition to a cleaner, low-carbon world.
View statement
Our carbon footprint
In South Africa the Fund submits an annual carbon footprint to the Carbon Disclosure Project (‘CDP’) and has achieved a B-rating. 65% of the South African Office portfolio have Green star ratings and 100% of the EU portfolio has valid EPCs (82% of the portfolio is rated B or above). More information can be found in our 2023 Integrated Annual Report.
Energy security
We are committed to rolling out solar power across our entire portfolio. Since 2016, the Fund has invested R113 million in renewable energy initiatives. The Fund’s solar plants have saved approximately 58 082 tCO2e amounting to R87 million in financial savings.
We have created 15 MWp of solar capacity in South Africa. In Europe, PV installations are currently operational on four properties within the portfolio. We are assessing the cost of further rollout in phases. More information can be found in our 2023 Integrated Annual Report.
Governance
We recognise that sound corporate governance is essential in creating value as well as protecting against value erosion.
Together, the Board and its committees are responsible for assessing and managing risk and ensuring that appropriate risk management policies and procedures are in place. Operating in terms of a formal Board Charter, the Board’s primary objective is to secure the Fund’s long-term sustainability, growth and profitability.
Key corporate governance practices
Governance report
Please see our 2023 Integrated Annual Report for more information on our governance practices.
View report
Reporting disclosures
For further reporting disclosures, view our King IV checklist and GRI Index checklist.
King IV checklistGRI Index
Policy documents
View all relevant policy documents.
Conflict of Interest PolicyBoard Nominations & Evaluation
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Social
Our communities
Our properties are embedded in communities. We recognise that inclusive economic growth is vital in supporting the Fund's sustainability and delivering value for all our stakeholders.
The Fund operates a number of initiatives that support small and growing businesses, and disadvantaged communities. More information can be found in our 2023 Integrated Annual Report.
Our commitment to our people
Our people have always been at the heart of our business. We employ passionate and talented people who are strategically aligned with the Fund’s goals and empowered to perform extraordinarily.
We have a culture of inclusivity and belonging and have several policies and programmes in place that support employee well-being; employee growth and development and employee safety. More information can be found in our 2023 Integrated Annual Report.
Investing in long-term partnerships
Our approach to transformation means we focus on sustainability and building long-term partnerships. It also includes a focus on supplier and enterprise development, procurement, and economic and socioeconomic development.
In South Africa we are a Level 1 BBBEE Contributor recognising that societal transformation is vital in creating a sustainable future for all South Africans.