Climate Change Data

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.