Balanced Commercial Property Trust

Sustainability & ESG

The Board recognises the fund’s principle aim of achieving consistent and superior investment returns and believes that accomplishing this goal requires thoughtful and strategic consideration of environmental, social and governance (ESG) related factors. By integrating a meaningful responsible property investment approach into its real estate investment and management activities, the Board is determined to deliver a sustainable portfolio of property assets that meets today’s and tomorrow’s needs, one that minimises negative environmental impacts, creates social value and benefits for all its stakeholders, and operates with authenticity and transparency.

Responsible Property Investment approach

Through its investment and property managers, the Company integrates ESG factors into its business practice across a number of core mechanisms:

An ESG framework provides the structure around which various property teams operate, reinforcing the concept that every individual engaged on the fund has a contribution to make towards the successful integration of ESG factors. An appraisal tool supports integration by capturing a range of key ESG related metrics to produce an assessment of risk and opportunity that is reflected in individual asset business plans. ESG guidance and training is regularly provided whilst the dedicated in-house team of two full-time specialists are supported by external specialist resources as required. Control is exercised through distinct ESG gateways that feed into acquisition, capital expenditure and operational activities.

Exclusions policy

Through its investment and property managers, the Company adopts a policy to prevent exposure, arising from real estate lease contracts, to tenant organisations that undertake activities associated with controversial weapons or other controversial activities such as gambling, alcohol or pornography. Whilst the fund does not actively apply negative vetting methodologies, it does exercise discretion when considering entering into new lease contracts with organisations, recognising commercial drivers and the need to balance a well-let portfolio with ethical drivers and screening practices.

Standards and Codes

The Company seeks to align its ESG activities and associated reporting to the 3rd edition of the European Public Real-estate Association’s (EPRA) best practice sustainability recommendations. The fund has received a gold award from EPRA for its latest annual ESG Report indicating the highest standard of disclosure and transparency.

The Company also includes a comprehensive statement aligned to the recommendations of the Task-force for Climate-related Financial Disclosures (TCFD) within the latest annual ESG Report.

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