News

Turley continues expansion of ESG services

We continue to grow our ESG Asset Management offer, with the team now offering strategic portfolio-wide advice, including alignment with decarbonisation pathways, holistic asset level assessments and strategies for enhancement of health and wellbeing.

The continued expansion is in response to market demands, where an assets performance is under the microscope by investors and lenders, amidst the backdrop of a warming climate, a drive for decarbonisation and a heightened interest around health and wellbeing in real estate as a response to the pandemic.

Snigdha Jain, Director, ESG and a Fitwel^[1] Ambassador said:

“Reducing carbon and enhancing health and wellbeing in real estate remain top priorities within the wider ESG agenda and we are excited to be working with fund managers to continue to drive performance.

We are seeing an increasing alignment with decarbonisation pathways for real estate, such as the CRREM^[2] 1.5° carbon reduction pathway and are looking forward to the outcomes of their collaboration with the Science Based Target Initiative (SBTi) and greater alignment between frameworks in the future.”

We are also seeing fund managers seeking to demonstrate not just the carbon credentials across an asset portfolio but performance against wider criteria such as resource efficiency for water and waste, and schemes like BREEAM^[3] In-Use are seeing renewed uptake and interest across the UK and internationally. 

Fiona Lomas-Holt, Associate Director and a BREEAM In-Use Assessor said: 

“Studies have shown that up to £23bn could be saved by UK businesses through low cost or no cost improvements in the efficient use of resource. I see a real move from using certifications as a tick-box exercise to actually become valuable tools to help assess, benchmark and drive continual performance.”

With demand for healthy buildings expected to rise by as much as 90%, we have seen first-hand that investment in wellbeing can boost companies’ bottom line and by prioritising our co-owners’ wellbeing has allowed us to attract and retain talent.

ESG analyst, Elizabeth Bolton, who joined the team earlier this year added:

“Health and wellbeing facilities are highly desirable, with recent research showing links to companies’ financial performance. As someone who cycles to work and is a certified ActiveScore^[4] Accredited Professional (AP), I see first-hand the benefits of high-quality facilities on my wellbeing and productivity!”

For more information on the ESG services we can offer, please get in touch with Snigdha Jain, Fiona Lomas-Holt and Elizabeth Bolton.

25 August 2022

[1] https://www.fitwel.org/

[2] Carbon Risk Real Estate Monitor (CRREM) https://www.crrem.eu/

[3] Building Research Establishment Environmental Assessment Method

[4] https://activetravelscore.com/