Our corporate
values are reflected
in every aspect of
our business

At Moorfield, we are dedicated to creating a sustainable future through responsible investment in real estate.

Our mission is to drive positive change in the built environment by integrating sustainability into every aspect of our investment strategy. We recognise that our role as an investment and asset manager goes beyond generating financial returns; it encompasses a commitment to environmental stewardship, social responsibility, and governance excellence.

Download our Responsible Investment Policy for further information

 

2023/24 Responsible Investment Report

This is our 8th annual responsible investment report and focuses on “delivering on commitments”, showcasing the progress and positive impacts we have made across our assets.

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Our comprehensive Sustainability policy is interwoven across our fundraising, investment and asset management activities and we are committed to achieving operational net zero carbon (‘NZC’) by 2030. Our NZC commitments and how we expect to achieve these are set out in our separate NZC policy.

Download our Sustainability Policy
Download our NZC policy

Key Principles of Our Sustainability Mission

Environmental Stewardship

We prioritise investments in properties that reduce carbon footprints, enhance energy efficiency, and utilise renewable energy sources. We implement sustainable building practices, with our minimum standards set out in our Sustainable Construction and Refurbishment Guide and promote green certifications such as BREEAM and environmentally friendly technologies in all our projects. We actively work to minimise waste and water usage and to promote biodiversity opportunities and protect the natural habitat.

Environmental Stewardship

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Social Responsibility

We are committed to fostering inclusive and resilient communities through our investments. We support projects that provide affordable housing, create job opportunities, and improve the quality of life for residents. We engage with local stakeholders to ensure our developments reflect the needs and values of the communities we serve.

Social Responsibility

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Governance Excellence

We adhere to the highest standards of transparency, ethics, and corporate governance. We integrate environmental, social, and governance ('ESG') considerations into our decision-making processes. We are both signatories to the UN Principles of Responsible Investment and members of GRESB as well as aligning our reporting with TCFD. We hold ourselves accountable to our investors, partners, and communities through regular reporting on our sustainability performance.

Governance Excellence

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Our Commitment

We believe that sustainable real estate investment is not just a responsibility, but an opportunity to create lasting value for our stakeholders. By embedding sustainability into our core business practices, we aim to contribute to a more sustainable and equitable world. Our long-term vision is to lead the industry in sustainable real estate, setting new benchmarks for excellence and innovation. Together with our partners, investors, and communities, we are building a future where sustainable living and thriving economies go hand in hand.

Our Commitment

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  • Environmental Stewardship
  • Social Responsibility
  • Governance Excellence
  • Our Commitment

Energy and Climate Objectives

Energy & Climate Objectives and targets Progress in 2024 & Updates
Target operational Zero Net Carbon by 2030 (scopes 1&2) and material Scope 3 emissions by 2040.
  • We continue quarterly monitoring across all assets, supported by our third-party technical consultants, Evora Global.
  • We have focused on data capture and automation to increase the data capture across all assets and are using the SIERA+ platform to help us set interim targets.
Set interim NZC targets in 2024.
  • We are still progressing with maximising automated data coverage after which we will be able to set interim targets. We aim to have this completed by the end of 2025.
100% of electricity to be sourced from renewables by 2030, where contracts are under our control.
  • All energy consumption has been transferred to Green Energy contracts where possible. We are transferring contracts when they come up for renewal.
Automate the collection of occupier energy consumption data in the more granular assets including those outside landlord control. Target capture of 25% of all non-landlord-controlled energy in 2024.
  • We are able to do this for all tenancies where the landlord remains responsible for the energy procurement and are in the process of seeking the relevant approvals to obtain this from occupiers of our Single-Family Homes assets.
Install PV panels or other renewable energy sources across all eligible assets within 3 years of acquisition.
  • We have installed PV panels at all viable Self-Storage assets, 8% of senior homes and more than 86% of all Student HMOs.
Avoid investing in any assets with anything other than a low risk from physical climate change.
  • Moorfield only invests in assets with low physical climate change risks, such as flooding. We are committed to reviewing this risk at reasonable intervals that reflect the low risk identified on acquisition and the 5 -7 year business hold for most assets.

Social Outcomes

Objective Progress  in 2024 and Update
Improve diversity at Moorfield Group and particularly at the more senior levels. Our gender diversity has improved over recent years albeit slow given the strong employee tenure.
Operate all residential for rent assets in line with Responsible Landlord Code of Conduct. This has been implemented across all residential for rent assets across all funds.
Regular sustainability engagement with all tenants. Our Asset Management team have regular meetings with property managers and tenants.
Work with local communities and implement asset by asset local engagement plans. Implemented across all operational assets.
Survey occupiers every 2 years as to customer satisfaction. The occupier satisfaction survey was circulated which includes ESG-related questions.
Survey all employees every year. This was completed in 2024 with 100% engagement.

Download our Responsible Investment Policy report here