Developments meeting a minimum BREEAM Very Good standard or, where not applicable, an alternative minimum standard.The Targets are similar to those set for our £400 million sustainability linked refinancing in 2022 and focus on: Sustainability performance targets ('Targets') were set and are aligned to LondonMetric's corporate ESG targets.

This facility is sustainability linked and structured in accordance with the Loan Market Association's Sustainability Linked Loan Principles. Over the last year, we have completed a new revolving credit facility totalling £275 million. Regular ESG training for our property team is undertaken throughout the year. 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.ĮSG performance is reported to the Board at regular intervals with the Audit Committee responsible for overseeing ESG progress.Įxecutive Directors and relevant employees are set individual ESG targets and remuneration is linked to achieving those targets. We have shifted our approach away from 'top down' analysis Responsible Business is embedded across all of corporate, investment, asset management and development activities. 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. The Company recognises the need to consider and address all environmental, social and governance matters relevant to its business.Īs 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.

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