Sirius Real Estate is committed to being a force for good in society and to meeting the highest standards for environmental, ethical, governance and social considerations held by ourselves and our stakeholders. At the heart of this commitment is our work to build a sustainable future based on sound economic foundations. We have always placed people, planet and ethics at the heart of our decision making while working to deliver strong and consistent returns to shareholders.
In 2019 we started to formalise our environmental, social and governance (ESG) efforts and to establish clear priorities and objectives to embed in our corporate strategy and to support our corporate purpose. Having strengthened our governance structures and engaged our stakeholders, we have taken a leap forward in our evolution as an environmentally responsible business and strong corporate citizen.
Our priority objectives
Driving positive change must be commercially practical and compatible with the resources available to the business. Our materiality assessment helped us crystallise the areas where we should focus our investment, time and efforts to make the greatest impact, while safeguarding the needs of our business.
We have identified three overarching strategic goals, supported by 14 objectives which we are embedding into our strategy and operations.
We recognise that stakeholder priorities and sector trends are likely to change over time, so we intend to carry out a full materiality assessment every three years. This will ensure that we remain well informed of the sustainability issues relevant to our long-term financial performance. Our next materiality assessment will be conducted in FY2023/24.
Environmental |
Social |
Governance |
Strategic goal: Reduce our carbon footprint, achieve net-zero emissions and have a positive environmental impact across our platform, portfolio and value chain |
Strategic goal: Encourage and invest in the training, development and wellbeing of our people, and enhance our positive impact on our local communities |
Strategic goal Ensure our governance structures and policies support our strategy and enable us to identify and manage ESG risks and opportunities |
Objectives 1. Create a GHG emissions reduction plan leading to net-zero emissions across the business 2. Embed environmental and social considerations into our modernisation, refurbishment and acquisition processes 3. Protect, support and expand biodiversity across our portfolio 4. Ensure the management and efficient reduction of water usage and waste |
Objectives 1. Support personal and career growth through a comprehensive training and development programme 2. Integrate wellbeing considerations across our business 3. Promote our purpose, values and culture 4. Cultivate a positive work environment through a clear diversity and inclusion programme 5. Make a positive economic and social contribution to our local communities |
Objectives 1. Encourage and support the development and management of ESG through appropriate structures and programmes 2. Put processes in place to identify and manage ESG-related risks and opportunities 3. Effectively engage with employees, shareholders, tenants, suppliers and business partners to promote our ESG objectives and ambitions 4. Ensure all our activities and procedures are in line with best practice and account for relevant UK/ German corporate regulations and codes 5. Provide clear, consistent and transparent communications and reporting |