Carbon emissions targets and environmental considerations are leading priorities for us as investors and real estate managers. Environmental, social and governance (ESG) considerations play a significant part in the fundamental analysis process we use to create risk-adjusted returns for our investors.
Our immediate and longer-term ESG goals are to ensure all of the buildings in our portfolio are carbon emission-free. This includes making improvements to our existing stock of buildings to bring these into line with net-zero carbon emissions targets by 2050. We expect accelerating technological developments will change the ways existing properties need to be redeveloped in terms of climate change risk and are proactively developing methodologies to implement these speedily.
Our careful attention to health, environmental and energy-efficiency considerations ensures all of our properties are inherently more attractive and beneficial to the tenants. This approach also adds value by reducing operational running costs, which in turn results in higher returns for our investors.