Ethical Property
Climate Impact & Sustainability Data (2019-10 to 2020-09, 2021-01 to 2021-03)
Reporting Period: 2019-10 to 2020-09
Environmental Metrics
Renewable Energy Share:100% (electricity and gas)
Total Energy Consumption:134 kWh/m2
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- 100% of gas and electricity came from renewable sources
- Significantly increased self-generated energy to 2.3% of total consumption
Social Achievements
- Kept all but one property open through lockdown, enabling tenants to continue providing vital services
- 91% of tenants say we offer value for money
- 95% of staff enjoy or really enjoy working for Ethical Property
Governance Achievements
- Company rebranded
- Overall median gender pay gap of -6.2% in favour of women
- AGM held online for the first time
Climate Goals & Targets
Long-term Goals:
- Net Zero company
Environmental Challenges
- Covid-19 pandemic impacting financial performance and operations
- Reduction in property values due to the pandemic
- Increased use of single-use products due to Covid-19 safety measures
- Balancing furloughing staff with ensuring their wellbeing
- Delayed projects and frozen non-essential spending
Mitigation Strategies
- Rent deferral scheme for tenants
- Negotiated savings from service providers and passed on discounts to tenants
- Furloughed staff
- Directors waived fees or took salary reductions
- Focused on cash retention and building a reserve
Supply Chain Management
Responsible Procurement
- Negotiated lower costs with suppliers
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Ethical Property Adherence Framework, GRI Quality of Information Principles
Third-party Assurance: Adrian Henriques
Reporting Period: 2021-01 to 2021-03
Environmental Metrics
ESG Focus Areas
- Sustainability
- Community Engagement
- Environmental Protection
- Responsible Business Practices
Environmental Achievements
- Organized an Earth Day planting party to promote biodiversity at The Foundry in Vauxhall.
- Planning to open a new Pollinators Garden and Apiary at The Foundry.
Social Achievements
- Brought people together through art at the St Pauls Learning Centre in Bristol with the 'My St Pauls' photography project.
- Created a vibrant mural at the St Pauls Learning Centre as part of the 'Greenway Project'.
Governance Achievements
- Joined the Better Business Act coalition, advocating for responsible business practices and changes to the Companies Act.
Climate Goals & Targets
Environmental Challenges
- Expected challenging third quarter due to some tenants reducing space or moving out.
- Lower income and expenses from property management services due to reduced conferencing activity.
Mitigation Strategies
- Good level of enquiries and viewings from prospective tenants.
- Expecting conferencing activity to pick up as restrictions ease.