We recognise that as an investment house, we have a fiduciary duty to our clients to achieve the best returns possible from the assets we manage on their behalf. However, achieving those returns should not be at an undue cost to wider society. Ardstone Capital therefore understands its responsibility to manage its assets in a manner that is sensitive to the environment, provides social benefit and does not put the reputation of either Ardstone Capital or its clients at risk through poor corporate practices. This approach to environmental, social and governance (ESG) issues is the starting point for our responsible property investment (RPI) policy.
In developing our RPI strategy we have followed market best practice approach with regard to creation and execution of environmental and social governance.
With increasing scrutiny of the environmental performance of buildings from occupiers and investors alike, rising energy costs, increasing legislation governing acceptable performance standards for buildings and increased taxation of climate change emissions and waste, Ardstone Capital believes that the sustainable credentials of buildings will start to make an increasing difference to the long-term obsolescence and investment performance of property. Consequently, our strategy focuses on understanding the impact of these issues on future value and minimising the risk to our portfolios. Integrating environmental, social and corporate governance (ESG) considerations into our investment process from pre-acquisition to disposal (see chart) is critical to our approach to RPI.
Please click on the below link to see Ardstone Capital’s RPI policy in full.