Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Commenced installation programme of electric vehicle charging points
• Ongoing programme to replace heating and cooling plant with energy-efficient modern equipment
• Installed shower facilities to facilitate cycling to work

Social Achievements

• Developed kindergarten and crèche facilities on an office park in Krakow, Poland
• Granted consent for temporary use of an office suite in Borehamwood, UK, as a vaccination centre

Governance Achievements

• Seeks to comply with the QCA code

Climate Goals & Targets

Environmental Challenges

• Economic slowdown impacting property values and rent levels
• National epidemic or global pandemic affecting tenant rental commitments
• Weakening of the Euro and Polish Zloty against Sterling
• Extended period of interest rate tightening in the EU
• Rent void periods due to poor asset management
• Credit risk from tenant defaults
• Liquidity risk from LTV covenant breaches
• Cyber security risk from major cyber attacks

Mitigation Strategies

• Close monitoring of economic reports and proactive property management
• Diversified spread of property interests
• Close monitoring of tenant debts and maintaining liquidity
• Monitoring and forecasting foreign exchange rates and using hedging instruments
• Adjusting geared strategy according to market conditions and monitoring cash forecasts
• Focus on income generation and close contact with tenants
• Creditworthiness checks and monitoring rent and service charge payments
• Long-term loans in the same currency as property valuation
• Monthly budgets, cash flow analyses, and forecasts
• Investment properties held in special purpose vehicles
• Regular monitoring of LTV ratios
• Recent IT overhaul and commissioning of an independent IT review
• Retaining services of an IT services specialist

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: QCA code