Castleforge Partners Limited
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate Change
- Community Engagement
- People/Workforce
- Governance
Environmental Achievements
- Recycled 5 tonnes of steel from One Golden Lane, achieving a 64-tonne CO2e embodied carbon saving and generating £36,000 savings for recipients.
- Achieved 4-star GRESB rating for the Isambard portfolio.
- Published Net Zero Policy with targets for Scope 1 & 2 emissions by 2030 and Scope 3 before 2050.
- Achieved Gold and Silver WiredScore and ActiveScore certifications across the Isambard portfolio.
- Achieved BREEAM Very Good or Excellent ratings for all Isambard portfolio assets.
- Materially expanded data collection for utilities and completed detailed metering surveys.
- Implemented waste management dashboard solutions and updated procurement processes.
- Achieved BREEAM Very Good Rating across all hotel assets.
- Achieved Silver Green Tourism awards across all hotel assets.
Social Achievements
- Published first Local Charter articulating social impact objectives.
- Secured materially improved EPCs across Scottish assets (D to B).
- Published Active Travel best practice guidelines.
- Adopted green lease terms and provided ESG fit-out guidance to new occupiers.
- Completed company-wide ESG training.
- Undertook feasibility studies for green infrastructure (water recovery).
- Developed 75m2 of dedicated community space and a 200-seat auditorium.
- Donated £36,000 of equipment, reducing waste and supporting local communities.
- Ocasa provided high-quality affordable housing to lower- and middle-income renters.
- Ocasa engaged with local councils and residents’ groups on safety initiatives.
- Placed second cohort from 10,000 Black Interns programme.
- Launched pulse survey programme with 70% participation rate.
- Reviewed and upgraded corporate benefit offering.
Governance Achievements
- Achieved 4-star GRESB rating for the Isambard portfolio.
- Published Net Zero Policy.
- Revised ESG framework (ISO 14001-aligned environmental management system).
- Maintained cybersecurity ISO 27001 certification.
- Published updated compliance and best practice policies.
- Publicly reported to PRI, exceeding the median score for “Policy Governance and Strategy” and “Confidence Building Measures”.
Climate Goals & Targets
Long-term Goals:
- Achieve net zero status for scope three emissions in advance of the 2050 deadline
Medium-term Goals:
- Achieve net zero carbon in relation to scope 1 and 2 emissions by 2030
Short-term Goals:
- Transition all buildings to fully electric power by 2030
- Develop asset-level plans for phasing out gas by 2030
- Develop better granularity on energy and water consumption data across the portfolio
- Set targets for reduced energy and water consumption across the portfolio for 2023
- Develop better granularity on waste production and recycling data across the portfolio
- Set targets for reduced waste across the portfolio for 2023 and beyond
Environmental Challenges
- Highly fragmented UK rental market.
- Condition and cost crisis in private rented accommodation.
- Need to accurately measure and reduce scope 3 emissions.
- Data gathering issues for accurate baseline data sets.
Mitigation Strategies
- Developed Ocasa residential platform for high-quality affordable housing.
- Published Net Zero Carbon Policy with phased approach to emissions reduction and offsetting.
- Ramping up data collection process for further assets to enable accurate baseline data sets.
- Completed detailed metering surveys to ensure solid foundations for portfolio.
Supply Chain Management
Responsible Procurement
- Local Charter setting requirements for third parties
- Supplier Standards Policy
Climate-Related Risks & Opportunities
Physical Risks
- Extreme temperatures
- Extreme rainfall
- Rising sea levels
Transition Risks
- Policy change
- Legal
- Technology
- Market
- Reputation
Opportunities
- Energy efficiency initiatives
- Renewable energy investment
- Smart building technology
Reporting Standards
Frameworks Used: GRI, INREV Sustainability Reporting Guidelines, UN SDGs
Certifications: ISO 14001, ISO 27001, BREEAM, GRESB, WiredScore, ActiveScore, Green Tourism
UN Sustainable Development Goals
- 3.4
- 5.5
- 7.2
- 8.3
- 8.6
- 8.9
- 11.1
- 11.4
- 11.6
- 12.5
- 12.6
- 13.2
Castleforge has aligned its ESG objectives with the UN-backed Sustainable Development Goals (SDGs) and reports its activity against these indicators.