Climate Change Data

Yoo Capital Investment Management LLP

Climate Impact & Sustainability Data (2023/24)

Reporting Period: 2023/24

Environmental Metrics

Total Carbon Emissions:73.65 tCO2e/year (2022)
Scope 1 Emissions:0.10 tCO2e/year
Scope 2 Emissions:3.65 tCO2e/year
Scope 3 Emissions:69.89 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Empower authentic local communities
  • Drive decarbonisation through longevity
  • Champion accountable governance
  • Invest in our people

Environmental Achievements

  • Reduced whole life carbon intensity by 28% for Shepherd's Bush Market compared to GLA benchmark.
  • Achieved a predicted BREEAM ‘Excellent’ rating (76.3) for Shepherd's Bush Market.
  • Saville Theatre aims for a 35% reduction in onsite carbon emissions, 100% with offsets.

Social Achievements

  • Delivered community outreach and consultation, including sponsoring school events and providing space for charities.
  • Launched a ‘High Street Incubator’ at Shepherd’s Bush Market, offering free training and affordable trading space.
  • Hosted an Open Iftar event at Shepherd’s Bush Market, bringing together the diverse community.
  • Saville Theatre project includes initiatives to promote diversity and inclusion through employment and youth development, aiming to support disadvantaged families and young people with special educational needs.

Governance Achievements

  • Achieved a two-star rating (83/100) in the 2023 GRESB Real Estate Benchmark Assessment for YCFII.
  • Maintained a signatory to the Principles of Responsible Investment (PRI) since 2021, achieving above median global performance.
  • Undertook a project to align with the Task Force on Climate-related Financial Disclosures (TCFD), identifying material climate change risks and opportunities.

Climate Goals & Targets

Long-term Goals:
  • Net Zero in operation for Camden Film Quarter by 2024.
Medium-term Goals:
  • Achieve 650 kgCO2e/m2 GIA for all new build elements by 2030.
  • Reach 20% recycled content by weight for materials.
Short-term Goals:
  • Reduce water consumption during construction.

Environmental Challenges

  • Scope 3 emissions, particularly Business Travel and Purchased Goods and Services, constitute 95% of total emissions.
  • Need to further reduce carbon emissions and prioritize impact on biodiversity.
Mitigation Strategies
  • Implementing energy-efficient systems (air-source heat pumps, triple-glazed windows) in Shepherd's Bush Market.
  • Sourcing sustainable materials, referencing Greenspec and Green Guide, and prioritizing suppliers with Environmental Management Systems.
  • Conducting whole life-cycle carbon (WLC) assessments for each development.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • ESG policy and social value requirements provided to suppliers.
  • Guidance provided to suppliers on social value issues.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI, GRESB, PRI, TCFD

Certifications: BREEAM, WELL

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed