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Responsible Property Investment Capability Statement

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RESPONSIBLE PROPERTY INVESTMENT – Driving Sustainable Transformation

Introduction

With heightening awareness and understanding around climate change and sustainability issues both at government and societal level, ESG is increasingly becoming an essential component of a company’s long-term success. Recent guidelines including the UN Sustainable Development Goals (SDGs) and the Task Force for Climate Disclosure Reporting (TCFD) provide further opportunities for real estate investors to look at the way they operate and understand the financial and wider risks and opportunities applicable to their business.

Our capabilities

ITPEnergised (ITPE) and Orbis Advisory have partnered to strengthen our ESG capabilities. Together we are big enough to provide our Clients with the depth and strength of knowledge and experience they need, but small enough to deliver the dedicated Client care and hands-on delivery that comes with a smaller consultancy.

Delivering Value

Reduced cost: – Energy & Utility cost reductions are prime objectives for many of our clients and our work delivers material cost savings

Increased efficiency: – Our services reduce energy consumption in buildings and establish robust processes within organisations.

Market Insight:- We have a wide range of experience working in the UK and the wider EMEA region for global, regional and local clients.

Risk Management:- Our clients are well informed about any risk to their assets or portfolio. Our advice allows for future proofing that protects against financial penalties, reputational impact or adverse asset performance.

Understanding Value:- Our advice is always centred around delivering tangible value to our clients. In order to do that we really understand the business and priorities of our clients.

Portfolio Resilience: – climate change poses immediate and long-term threats to the property sector. We create adaptation measures imperative to protecting assets and providing long-term resilience.

How can we help?

  Our Core ESG Services
Strategy •  Strategic review and Climate Risk Analysis

•  Target Setting (Inc.. Science Based Targets)

•  TCFD support

•  Adaptation & Resiliance Strategy

•  ESG benchmarking inc. CDP, SDGs, GRESB, EPRA, UNPRI

•  Materality Assessments

Measurement and Reporting

 

•  GHG gas accounting, reporting and verification

•  Supply chain management & reporting

•  Data Management Systems

Compliance and Risk

 

•  EHS Due Diligence

•  Environmental Compliance

•  Environment Management Systems and programme support (ISO14001, ISO150001)

•  Energy management system design and support (ISO50001)

•  Energy efficiency audits

•  Mandatory Greenhouse Gas Reporting (MGHGR)

•  Energy management and compliance e.g. ESOS, CRC, SECR, Greenhouse gas (GHG) accounting and reporting (inc. MGHGR), MEES and NFRD

•  Carbon strategy and management plan advice

•  Environmental permitting support

Comms and Engagement •  Stakeholder engagement

•  Sustainability and CSR strategy reporting

Selected Project Examples

Responsible Investment Strategy Support – NewRiver RIET

Team members have previously worked with NewRiver REIT developing and implementing and ESG programme. NewRiver is a leading property investor, manager and developer specialising in convenience-led, community-focused retail and leisure assets in the UK. The company moved to a premium listing on the Main Market for the London Stock Exchange as a PLC, increased sustainability pressure from government (in the form of legislation), investors and customers.

A strategic framework was created that reflected the company’s way of doing business, was easy to communicate and focused on key stakeholders.

“Rupert worked with NewRiver for a number of years helping develop and implement our Environmental and Social Governance (ESG) Strategy across the business. With his strong understanding of the commercial drivers of the business and in-depth knowledge of the sustainability industry, Rupert was instrumental to the ongoing success of the programme. I would highly recommend Rupert’s professional services and commercially-minded approach to corporate sustainability.”  

JOHN MCLAUGHLIN, DIRECTOR, NEWRIVER

 

Responsible Investment Strategy Support

Confidential Client

Team members previously worked with one of the largest real estate investment managers in the world with $115bn in AUM. We carried out benchmarking, asset level comparison of energy, water and waste and integrated with strategic facilities management to optimise performance of assets. Implementation of a framework allowing the investor to measure key metrics and track their effect on health and wellbeing across their London Office Portfolio was also carried out during the consultancy piece.

“40% of global energy use comes from buildings and buildings give rise to about a third of global greenhouse gas emissions. The built environment is also responsible for 20% of water consumption and 30% of total solid waste generation.”

United Nations Environment Programme Sustainable Buildings and Climate Initiative

 

Responsible Investment Strategy Support

Ardstone Capital

Team members previously worked with Ardstone Capital, an independently owned property investment manager focused on UK and European real estate.

Consultancy work was carried out developing their RPI strategy, creating quarterly reporting on key sustainability KPIs, and advancing the quality of their GRESB submission. The work lead to strong engagement across both their managing agent service and internally. Additionally, implemented improvements lead to them significantly advancing their performance in their GRESB performance.

Responsible Investment Strategy Support

Confidential Client

Team members previously worked an investor with more than £7.8 billion of property in over 440 assets across Europe including retail, office, residential and leisure.

Consulting work was carried out focusing on RPI policies providing guidance in the following 10 areas: energy efficiency, water efficiency, transport, impact on local communities, recycling, waste reuse and reduction of consumption of materials, occupier wellbeing, ground water and air pollution, refurbishment and development, food risk and air pollution.

Ongoing support was also provided to enable compliance with UK statutory requirements and EU directives, including: the Carbon Reduction Commitment Energy Efficiency Scheme (CRC), the European Savings Opportunity Scheme (ESOS) and the Minimum Energy Efficiency Standards (MEES). Benchmarking was carried out at asset, portfolio and corporate level, with annual submissions to UNPRI and GRESB across all of their funds.

Asset Improvement and Performance Management was undertaken across the asset portfolio and a formal tenant engagement strategy was carried out which allowed them to effectively communicate the aims of the RPI strategy and take feedback from tenants.

Flood risk due diligence

UK real estate portfolio – Confidential client

The team was instructed to complete a high level flood risk screening exercise of a large real estate portfolio (c.1500 sites) located across the UK. The aim of the project was to assess the flood risk to all the portfolio so a heat map of problem areas and sites where further assessment and potentially investment might be required to future proof, could be identified. After screening, a total of 600 reports were issued in a three week window to the client’s satisfaction.

Development of ISO 14001 and 50001 Certified Environment and Energy Management System (EEnMS)

Maclay Murray & Spens

The team assisted Maclay Murray & Spens to develop and implement an EEnMS for its UK estate. The integrated management system was certified in October 2015 and was used to ensure compliance with ESOS.

Real Estate Environmental Due Diligence

Trident

The team were commissioned to undertake environmental due diligence assessments of a portfolio of residential properties. The portfolio comprised 12 Freehold investments located in Southampton, Reading, Oxford, Thatcham, Newbury, Hull, Sheffield, Derby, Nottingham and Barnsley. ITPEnergised formed part of the Due Diligence team to advise the potential purchaser of the properties.