Strategic Report Being Responsible Our responsible and ethical approach
Our journey so far
2005 Sustainability governance Since inception and upon listing in 2005, we have been committed to conducting business responsibly, and in a way that makes a positive contribution. Our Board provides governance oversight 2008 Focusing on the environment Initial collection, measurement and analysis of environmental information to help identify and implement energy improvements across our buildings
Our approach to sustainability This year we developed our sustainability priorities. We will continue to fully integrate sustainability into our corporate strategy, while ensuring our sustainability priorities align with global and national expectations. When necessary, we will review these priorities to make sure they are fit for purpose and that we measure our progress appropriately. See how each pillar is fully aligned to our corporate strategy on pages 20–21 A responsible and ethical approach to business is essential for the benefit of all our stakeholders and understanding the long-term impact of our decisions will help us to manage risk and continue to generate value. More detail on how we approach sustainability and our progress this year can be found in our Sustainability Report, available on our website. We believe that sustainability has to be fully embedded into all of our activities.
2012 Operational excellence Internalisation of Company’s management
2013 Helping our occupiers succeed Introduced our Picton Promise commitments and occupier focused approach
2014 EPRA Sustainability Best Practice Started reporting against EPRA Sustainability Best Practices Recommendations
2016 Sustainability strategy established Set five-year targets for reducing Scope 1 and 2 carbon emissions by 20%
2017 Focusing on employees Alignment of teamwith shareholders through Long-term Incentive Plan Transparent and accountable reporting – GRESB reporting starts – S tarted collecting occupier consumption data and introduced smart building technologies 2018 Conversion to a REIT Established Responsibility Committee Commitment to sustainable buildings Introduced green lease clauses
Sustainability governance
2019 Sustainability reporting Awarded first EPRA Gold for sustainability reporting
2020 Integrated sustainability into our corporate strategy – Joined Better Buildings Partnership – Awarded GRESB two Green star status Looking ahead Having met our 2016 targets, we are working towards developing ambitious new targets as we establish our pathway to net zero carbon.
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