Summary of Sustainability Objectives
Lothbury Investment Management’s objectives and targets for 2019 are to:
- Monitor and report on year-on-year performance trends for our key performance indicators.
- Review and develop the governance structure for our sustainability programme, to ensure it is clear and effective.
- Identify and engage with a representative cross-section of business stakeholders, such as suppliers and employees, as well as at the fund level such as investors and occupiers, to assess the significance of environmental, social and governance (ESG) issues to Lothbury.
- Develop and deliver an employee satisfaction survey and monitor feedback to gauge overall satisfaction.
- Review the efficacy of the current pre-acquisition checklist and the guidance for its use by Investment Managers.
- Assess the ESG risk profile of the standing investment portfolio and establish risk reduction and resilience enhancement strategies through the asset management process (including with reference to risk thresholds within the pre-acquisition screening process).
- Develop and improve the existing fund level occupier engagement programme, initially at multi-let / managed assets.
- Procure Energy Performance Certificates (EPCs) for the remainder of the Lothbury Property Trust portfolio. As part of this process, we will review all EPCs to produce an outline for prioritising and planning potential improvements, in the context of risks associated with minimum energy efficiency standard regulations.
- Introduce Green Energy contracts across all Landlord controlled space.
- Investigate the feasibility of, and identify assets for, introducing onsite renewable electricity generation and supporting low carbon technologies.
- Set appropriate improvement targets in energy consumption (carbon), water and waste at multi-let assets, initially for landlord-controlled services.
- Review and where possible improve efficiency of Building Management Systems.
- Review new sustainability requirements in Property Management Agreements (PMAs), as part of contract renewal ahead of implementation.
- Communicate our sustainability requirements to key external suppliers and review our process for monitoring progress.
- Communicate best practice guidance to occupiers of fund assets on fit-out, with reference to available industry toolkits.
- Ensure that all refurbished and new assets are built to BREEAM Very Good or higher, where feasible to do so.
- Target at least 90% of construction waste diverted from landfill.
- Target 15% reduction in energy consumption across portfolios.
- Target 15% reduction is CHG emissions across portfolios.
- Target 10% reduction in water consumption across portfolios.
- Target a zero accident rate on site at development projects.
The following case studies highlight some of the specific practices we are introducing in our developments, to meet our sustainability targets.