Climate Change Data

Valor Real Estate Partners LLP

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Scope 3 Emissions:3,661.04 tCO2e (2023)
Renewable Energy Share:0%
Total Energy Consumption:20,925,768 kWh (2023)
Water Consumption:33,223.16 m3 (2023)
Waste Generated:142.9 tons (2023)

ESG Focus Areas

  • Energy
  • Water
  • Waste
  • Renewable Energy
  • Stakeholder Engagement
  • Green Leases
  • ESG Integrated Investment Process
  • Net Zero Carbon
  • GRESB Reporting
  • SFDR and EU Taxonomy
  • Climate Change and Resilience
  • Health, Safety and Wellbeing
  • Corporate Governance
  • Employee Wellbeing
  • Diversity, Equity, and Inclusion

Environmental Achievements

  • Achieved BREEAM Excellent for Canning Town asset and BREEAM Good for Limeil.
  • Incorporated multiple sustainable initiatives into 5A Canning Town, leading to an 81% reduction in regulated emissions compared to the Part L 2013 baseline.
  • Installed PV panels at several assets.
  • Installed electric vehicle charging points exceeding London Plan requirements.
  • Improved data capture across the portfolio to build a strategy for future action.

Social Achievements

  • Issued employee satisfaction survey.
  • Representation at a careers fair at Harris Academy, Greenwich.
  • Supported the Academy of Real Assets and volunteered an employee to support their Youth Board.
  • Supported Year 12 students with mock job interviews.
  • Achieved a 50:50 gender ratio of all internal hires since September 2023.

Governance Achievements

  • Successfully appointed an ESG committee.
  • Hosted regular topic-specific ESG training sessions.
  • Improved End of Year employee reviews by implementing self-evaluations, peer reviews, and manager reviews.

Climate Goals & Targets

Long-term Goals:
  • Net zero carbon by 2050.
Medium-term Goals:
  • Develop and launch an asset-level health and wellbeing framework.
  • Create a supplier’s code of conduct.
  • Develop portfolio-level decarbonisation pathways and targets.
Short-term Goals:
  • Improve GRESB score and peer position.
  • Finalise and implement minimum standards and guidelines for developments and refurbishments.
  • Finalise and distribute sustainable fit-out guide to tenants.
  • Create a formal tenant engagement programme.

Environmental Challenges

  • Improving ESG performance, data quality and coverage.
  • Increasing tenant data coverage for energy, water, and waste.
  • Managing transition climate risk across the VIQR portfolio.
  • Increasing gender and ethnic diversity in the workforce.
Mitigation Strategies
  • Use of dedicated ESG software to collate and manage data collection.
  • Automated utility data collection and tenant engagement.
  • Created a structured sustainability checklist for acquisitions.
  • Developed a standardised approach to managing developments and refurbishments.
  • Diversified recruitment strategy by using LinkedIn to reach a broader range of candidates.

Supply Chain Management

Responsible Procurement
  • Ethical and responsible supplier selection
  • Due diligence on suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: INREV, GRESB

Certifications: BREEAM

Third-party Assurance: S&P Global Inc.