Our Approach
Addressing the three key areas of environment, people and stakeholders
The Company recognises the need to consider and address all environmental, social and governance matters relevant to its business. As well as meeting legislation, environmental improvements are starting to translate into real asset value enhancement as occupiers value these improvements more highly than before, and valuers begin to differentiate between assets based on environmental attributes.
Managing our risks & meeting defined objectives
Our approach to Responsible Business addresses three key areas of environment, people and stakeholders and the below sets out the key risks for each of those areas as well as their potential impact on the business and the resulting objectives.
| Our ESG Objectives | UN's SDGs | |
|---|---|---|
| Environment |
Through our activities we look to minimise the environmental impact of our business, maximise opportunities to improve the efficiency of our assets and improve the resilience of our assets to climate change and impact of transitioning to a low carbon economy. |
|
| Stakeholders & Our People |
Our actions consider the long term interests of all our stakeholders including those of our employees, suppliers, customers and local communities as well as ensuring that we maintain a high standard of business conduct. |
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| Governance | The board is committed to upholding high standards of corporate governance. In particular, it ensures that appropriate health and safety procedures and supply chains are in place |
"LondonMetric supports the UN's 17 Sustainable Development Goals ('SDGs'). The goals shown above represent those that we feel are the most relevant to our business." Martin McGann - Finance Director |
Our Framework
Our Responsible Business framework guides us in mitigating climate-related risks, identifying and progressing environmental and stakeholder related opportunities as well as ensuring a high standard of corporate governance. Responsible Business is embedded across all of our corporate, investment, asset management and development activities.
We have shifted our approach away from 'top down' analysis to a more 'bottom up' one. We have a policy in place and ESG targets are set every year with progress against those targets monitored at Working Group meetings held monthly and attended by key business representatives and a Board member.
ESG performance is reported to the Board at regular intervals with the Audit Committee responsible for overseeing ESG progress. Executive Directors and relevant employees are set individual ESG targets and remuneration is linked to achieving those targets. Regular ESG training for our property team is undertaken throughout the year.