Stanhope fundamentally believes that Sustainability makes good business sense.
Flexible, adaptable and efficient developments attract occupiers and investors and engage with the local context.
There is a concerted global effort by investors, real estate companies and the construction sector to reduce emissions of greenhouse gases and so limit climate change. To that end Stanhope has publicly signed up to the following initiatives which acknowledge the climate emergency and demonstrate a meaningful commitment to pioneer action through intelligent design and responsible delivery and operation.
The UKGBC Climate Platform, World GBC Bringing Embodied Carbon Up Front initiative and BBP Design for Performance Pioneers Project.
The property and construction industry are estimated to contribute over 40% of all carbon emissions. To play our part in reducing this impact, Stanhope has signed WGBC’s Net Zero Carbon Buildings Commitment which calls upon business, organisations, cities, states and regions to take urgent, ambitious and immediate climate action towards decarbonising the built environment. Our Towards Net Zero Approach is set out in our ESG Strategy.
Our priorities are:
Our projects are required to set their own ESG Delivery Targets and record progress against these in a project ESG Development Form. Our forms are intended to compliment the specific requirements of our investment partners and clients and can be adapted to suit their exact requirements from project inception through to design, construction, handover and post completion. More information can be found in our ESG Strategy in the link below.
Asset Management Sustainability;
The operational impact of a building in use exceeds that of the construction process over their life cycle. We target and collect the right data, analyse it and engage with the facilities managers and tenants to constantly reduce the impact of assets in use. For each asset, our property managers are required to set annual action plans. Furthermore, action plans will include minimum requirements around processes that support Stanhope’s ESG objectives as appropriate. More information can be found in our ESG Strategy in the link below.
In addition to the developments and operation of our assets, we recognise that our own operations (i.e. head office activities and employee travel) also have environmental and social impacts. We aim to understand our resource use footprint and have undertaken a carbon analysis working with Planet Mark. Our key focus areas are laid out in our ESG Strategy Document below.