Sustainability Metrics

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Sustainability KPIs

In 2022, our Environmental, Social and Governance (ESG) Committee developed a set of sustainability Key Performance Indicators (KPIs) to measure and track our performance, and to help drive continual improvement in our environmental, social, and governance (ESG) practices. We plan to update these graphs at least annually.

UK Poland / CEE

KPIs for properties managed by FPAM in the United Kingdom

Commentary: FY 2023

Minimum Energy Efficiency Standard Regulations

  • Energy Performance Certificate (EPCs) assessments were undertaken for 16 buildings (representing 35% by floor area of our properties under management), resulting mostly in higher ratings.
  • Only one building under our management is rated EPC E (a car park).

Green Leases

  • 100% of new leases and lease renewals signed since February 2022 include green clauses.
  • Green clauses are being inserted into new leases and lease regears as opportunities arise. The number of leases with green clauses in our portfolio should increase but the pace of progress will be tempered by the unexpired term of existing leases (the Weighted Average Unexpired Lease Term of our UK funds ranges from c3-6 years).

Solar Photovoltaic (PV)

  • 2 pilot solar PV projects underway , estimated to generate 130,000 kWh of electricity per annum. Installation is scheduled in H2 2023.

Electric Vehicle (EV) Charging

  • 8 new rapid EV chargers installed at our retail warehouse sites (total now 12). More installations are planned in 2023.
  • 6 new EV chargers installed at our office sites, with 12 more expected in 2023.
  • Total: 18 (across 3 sites)

Smart Meters (AMR)

  • Smart meters installed in two office buildings in 2022. Plans in progress to roll out more, starting with multi-let properties.

Energy Procurement

  • >99% (by consumption) of electricity which is the responsibility of the landlord to procure is on a renewable tariff.
  • Increased engagement with tenants on Full Repairing & Insuring (FRI) leases to understand their utility consumption data, with a view to encouraging them to switch to renewable tariffs (if not on such tariff’s already)