At Fiera Real Estate, we are committed to be Responsible, Resilient and Engaged.
We recognise the importance of integrating environmental, social and governance (ESG) issues within our investment management processes. We believe that we have a responsibility to our investors to fully understand the impact of these issues and to embed ESG considerations into the way we manage our funds so that we may drive long-term value and mitigate risk.
Corporate
All participating funds were awarded Green Stars in the 2021 GRESB survey, with FREOF IV achieving first place score in its peer group. GRESB, the Global Real Estate Sustainability Benchmark, is the leading ESG benchmark for real assets.
In 2020, FRE achieved a PRI rating of ‘A+’ for Strategy & Governance and a PRI Direct Property Investing score of ‘A’.
We achieved a Platinum Quality Mark in the Payroll Giving Scheme in 2020. The scheme enables employees to donate straight from their pay to any UK registered charity.
We have been supporting LandAid, the property industry charity fighting against youth homelessness, since 2006 and became a foundation partner in 2014. We have raised over £100,000 in the last three years.
Investment Funds (Core)
Fiera Real Estate UK has published a 2035 Net Zero Carbon Target for its long income fund. The pathway is one of the most ambitious for long income funds in the UK market and is reflective of the significant progress already made in this key area.
We have introduced our tenants to the concept of automatic data harvesting to improve collection of tenant utility data. Coupled with green lease clauses, this allows us to better manage and understand the sustainability performance of our held assets and set meaningful performance targets for the buildings we manage. .
FRELIF is a Living Wage accredited employer. This ensures we are paying all service providers at properties where we have contracts the real living wage and not the living wage. This represents a great step forward in supporting our commitments to the UN SDGs (particularly no.8; decent work and economic growth).
Achieved Green Star Status in the GRESB 2021 and an 8% increase in score from 2020. GRESB, the Global Real Estate Sustainability Benchmark, is the leading ESG benchmark for real assets.
Development Funds (Value Add)
3 out of 3 participating funds from the FREOF series were awarded Green Stars in the 2021 GRESB survey with FREOF IV achieving first place in its European peer group. GRESB, the Global Real Estate Sustainability Benchmark, is the leading ESG benchmark for real assets.
In 2020, FRE achieved a PRI rating of ‘A+’ for Strategy & Governance and a PRI Direct Property Investing score of ‘A’.
We achieved a Platinum Quality Mark in the Payroll Giving Scheme. The scheme enables employees to donate straight from their pay to any UK registered charity.
We have been supporting LandAid, the property industry charity fighting against youth homelessness, since 2006 and became a foundation partner in 2014. We have raised over £100,000 in the last three years.
Our Performance Highlights
Fiera Real Estate UK publishes Sustainable Design Brief
Fiera Real Estate UK's Sustainable Design Brief which outlines specific minimum requirements and targets for the development of office, logistics, industrial and residential buildings
Fiera Real Estate UK publishes Net Zero Carbon Pathway
Fiera Real Estate UK's Long Income Fund has set an ambitious target for achieving Net Zero Carbon by 2035.
Former Toys "R" Us Building, Southmapton
Fiera Real Estate & Packaged Living have made the former 41,000 sq ft Toys "R" Us building in Southampton available to the Polish Social Club to aid its efforts in the humanitarian support of Ukrainian refugees.
Aurora Office Building, Bristol
Aurora, part of Fiera Real Estate and Cubex Land’s award winning Finzels Reach scheme was the first office building outside of London to achieve BREEAM Outstanding.
Donated COVID-19 300 Bed Hospital to NHS During Pandemic.
Fiera Real Estate, alongside its development partner Angle made available its £40m former MoD facility to the NHS to create 300-bed temporary hospital during the COVID-19 pandemic.
Real Living Wage Accreditation
The Fiera Real Estate Long Income Fund UK has been recognised as a Real Living Wage accredited employer. The Fund has built a pathway to move all service provider contracts across the buildings it manages onto this wage.
Planet Mark
Fiera Real Estate has partnered with Planet Mark, to better understand the business’s carbon footprint and social impact value. The partnership represents a key milestone in its commitment to environmental excellence and supports our transition to net zero carbon.
Halo, Finzels Reach
Halo, the Grade A office building of 116,000 sq ft being developed by Cubex and funded by Fiera Real Estate is set to be one of the greenest office buildings in the UK, has achieved a BREEAM Outstanding accreditation.
East Street Mews, Bristol
A ground-breaking initiative that will create 11 contemporary apartments to provide much-needed affordable housing for young homeless people in Bristol. The property on Bedminster Parade had been empty for many years and needed significant restoration and improvement.
Fiera Real Estate UK accelerates journey towards decarbonisation
Jess Pliz, Associate Director of ESG talks about ESG integration and strategies that Fiera Real Estate adopt across its managed funds.
Fiera Real Estate UK’s digital transformation journey
Emma Cullen, COO of Fiera Real Estate talks about the digital transformation and ESG movement within Fiera Real Estate.
Fiera Real Estate UK achieves Planet Mark 2020 Accreditation in a substantial step forward in the firm’s pathway to net zero carbon
Fiera Real Estate announced that the firm has achieved the Planet Mark Year 2020 Business Certification. The firm partnered with Planet Mark earlier this year to better understand the business’s carbon footprint and social impact value. Read More here:
60% of tenants now signed up to Fiera Real Estate UK’s Tenant Utility Data Project in another step forward on its pathway to net zero carbon
In another step forward on its pathway to net zero carbon Fiera Real Estate has launched a tenant focus group to discuss ESG collaboration and how data can support them to identify efficiency and cost-saving opportunities. Read more:
Investment Funds (Core)
Planetary Road, Wolverhampton – The Virtuous ESG Circle
A priority across all FRE UK funds is to tackle the performance gap between the anticipated and actual ESG performance of buildings.
Building Certifications:
- BREEAM Excellent
- EPC A
Sustainability Credentials:
- Target 10% parking spaces with EV charging points
- Photovoltaic (PV) panels on roof
- Superior water and energy efficiency by design
- Promoting bio-diversity; enhancing ecological value e.g. bird boxes, bug hotel, varied plant life
Social (Health and Wellbeing)
- Ensure positive impact on mental and physical health – Fitwel and WELL certifications.
- Local contractors and labour
- Pathway to real living wage accreditation
Opus Land
FRELIF
Our Planetary Road investment in Wolverhampton is bringing together the developer the occupier and the investor to work collaboratively from the outset to ensure individual ESG agendas are met, whilst proactively closing the performance gap before it emerges
Development Funds (Value Add)
Halo, Finzels Reach – The Virtuous ESG Circle
A priority across all FRE UK funds is to tackle the performance gap between the anticipated and actual ESG performance of buildings.
Building Certifications:
- Achieved BREEAM Outstanding (BREEAM 2018 criteria)
- Target EPC A
- Target Platinum Wired score
Resource consumption:
- 35% energy saving
- 47% less carbon emissions
- 69% less waster consumption
- On-site energy regeneration
- Photovoltaic (PV) panels on roof
Health and well-being:
- WELL Building Certification
- Tenant roof garden
- 20% more fresh air than required by regulations
- Target Platinum Cycling Score
Cubex
FREOF IV
Working collaboratively from the outset ensures individual ESG agendas are met, whilst proactively closing the performance gap before it emerges.
