Northacre
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Sustainability
- Wellbeing
- Environmental
- Social
- Economic
Environmental Achievements
- Aiming for net-zero emissions by 2035
- LEED Certification on all new buildings, with a goal to achieve the highest level by 2030
Social Achievements
- Creating communities focused on the holistic health of residents, guests, environment, and local community
- Building strategic partnerships with like-minded brands
Governance Achievements
- Consolidating real estate investment management, asset management, and development businesses into a separate new entity
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions by 2035
- Establish Northacre academy platform for wellbeing & sustainability
Medium-term Goals:
- Achieve highest level LEED Certification on all new construction by 2030
- Become “net positive” in 10 years
Short-term Goals:
- Achieve highest scores within the industry in GRESB by 2030
Environmental Challenges
- Lack of available land in central London
- Rising debt and construction costs
Mitigation Strategies
- Leveraging 30 years of experience to identify and add value to opportunities
- Successfully navigating the complex market to purchase, develop, and deliver projects
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Global Reporting Initiative (GRI), UN Sustainable Development Goals, WELL Building Standard, LEED Certification, Global Real Estate Sustainability Benchmark (GRESB)
Certifications: WELL Certification (target for all new projects), LEED Certification (target for all new buildings)
UN Sustainable Development Goals
- UN Sustainable Development Goals