Climate Change Data

Moorfield Group

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Diversity & Inclusion
  • Responsible Landlording
  • Supply Chain Sustainability
  • Stakeholder Engagement

Environmental Achievements

  • Completed construction of a gas-free, EPC 'A' rated self-storage facility with 50kW PV panels.
  • Installed PV panels at multiple self-storage sites.
  • Implemented energy efficiency improvements in student HMOs, including PV panel installation and heating controls.
  • Refurbished private rented sector properties to minimum EPC C rating.
  • Reduced corporate air travel to only 10 flights.

Social Achievements

  • Launched an apprenticeship scheme at a development project.
  • Continued skills development programs, including mentoring.
  • Maintained 100% employee participation in employee satisfaction surveys.
  • Implemented a Responsible Landlord Code of Conduct.
  • Raised over £12,000 for The Trussell Trust through the Coastline Charity Challenge.

Governance Achievements

  • Became signatories to the UN PRI and supporters of the TCFD.
  • Launched an Article 8 SFDR investment vehicle.
  • Continued membership in Real Estate Balance.

Climate Goals & Targets

Long-term Goals:
  • Achieve material net zero carbon by 2040.
Medium-term Goals:
  • Achieve operational net zero carbon by 2030.
  • Develop climate adaptation & resilience plans for every asset by 2025.
Short-term Goals:
  • Develop a clearly defined social impact framework by 2025.
  • Implement social sustainability & stakeholder engagement strategies for appropriate developments and assets by 2025.

Environmental Challenges

  • Eliminating gas from existing residential assets.
  • Addressing gender and ethnic imbalance within the organization.
  • Industry-wide challenges in diversity and inclusion.
  • Managing the impacts of extreme weather events.
Mitigation Strategies
  • Working with sector partners and specialist advisors to find solutions for gas elimination.
  • Implementing initiatives to encourage diverse candidates to pursue careers in real estate.
  • Actively participating in industry initiatives to improve diversity and inclusion.
  • Implementing energy efficiency initiatives and retrofitting assets to improve resilience to extreme weather.

Supply Chain Management

Responsible Procurement
  • Due diligence on suppliers covering financial health, anti-corruption, bribery, and D&I.
  • Requirement for contractors to offer apprenticeship schemes.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme temperatures
  • Extreme rainfall
  • Rising sea levels
Transition Risks
  • Policy and legal changes
  • Technology development and deployment
  • Market shifts
  • Reputational risk
Opportunities
  • Investment in energy-efficient and climate-resilient assets
  • Development of low-carbon buildings
  • Renewable energy investment

Reporting Standards

Frameworks Used: INREV 2016 Sustainability Guidelines, TCFD

Certifications: ISO 14001

Awards & Recognition

  • PERE’s UK Firm of the Year nomination
  • RESIevent’s Later Living Operator award
  • Laing Buisson awards