We understand the positive impact that environmental, social and governance (ESG) actions can deliver to our clients, borrowers, partners, tenants, and the wider community, and we are dedicated to deliver excellence in their pursuit.
Making a positive impact
Our Responsible Investment strategy governs our investment activities, acknowledges our role as custodians of the capital deployed for investors, joint venture partners and clients, and recognises our responsibility to our surrounding environment and communities. Delancey’s strategy is a framework that captures all our ESG-related policies and protocols with a clear plan to target, reach and achieve our goals and objectives.
We value the opportunity to do good and are cognisant of our caretaking role of all the assets under our stewardship.”
Our net zero carbon commitment
At Delancey, we support the goal of net zero carbon emissions by 2050 or sooner across all Assets Under Management in alignment with efforts to limit global warming to 1.5°C. Furthermore, we are setting minimum targets, appropriate to our individual investments with the aim of supporting the IPCC requirement of a 50% reduction in carbon emissions by 2030. This is our immediate focus.
Task Force on Climate-Related Financial Disclosures
Delancey has undertaken an initial TCFD analysis and roadmap exercise to plan out a pathway to full TCFD alignment. This has included a full review of our governance, strategy, risk management and metrics & targets in relation to climate related risks. Moving forward, we will develop a comprehensive approach to TCFD alignment and reporting. Responsible behaviours are needed, policies and strategies are essential but as important is enterprising thought and critically action – we want to make large strides but equally we value the small steps too.
Our strategy encompasses four key policy areas, which span Delancey’s four core business activities.
Environmental, social and governance considerations are fully integrated into our investment analysis and decision-making processes for real estate and equity and debt financing. Delancey is a signatory to the Principles of Responsible Investment (PRI). We have committed to adopting and implementing the six principles of Responsible Investment into our investment practices where consistent with our fiduciary duties.
We are conscious that property development has a huge impact on society. We all live, work, shop and relax in the buildings that real estate professionals plan, design, fund and construct, so we have a responsibility to ensure that the developments make a positive contribution and benefit our stakeholders across tenants, consumers, partners, investors and the wider community. As a developer we seek to exert greater control over design and contractor teams by the introduction of a refurbishment and development brief.
At Delancey, we have a dedicated and experienced team of specialist asset management professionals, who understand how buildings work and function. We form partnerships with our tenants and enjoy finding out about their businesses to ensure we truly understand our occupiers’ needs. This leads to opportunity, innovation and value creation.
At Delancey, we have a passion for property. It is an enthusiasm that goes beyond the recognition that real estate is an effective investment vehicle and beyond solely maximising financial returns. As a result, we are constantly looking for ways to make much needed contributions to the communities on the doorstep of the assets we manage. As a business we know we can improve and we are actively reviewing our corporate impacts.