Responsible Investment

At Delancey, Responsible Investment underpins everything we do. Whether that is striving for the highest and most progressive standard of environmental sustainability, embedding exemplary governance, diversity and inclusion in all of our ventures or ensuring that the needs of local communities are primary considerations for all our developments and investments, you will find Responsible Investment fully integrated into all aspects of Delancey’s systems and decision making processes.

Our Responsible Investment Strategy, which our investment activities now formally operate under, reflects 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. The Strategy has been developed to respond to the diverse nature of Delancey’s business activities and client/investor base. It is the framework that captures all our ESG-related policies and protocols with a clear plan to achieve and reach our goals and objectives. Our Responsible Investment approach is set out in our Responsible Investment Policy.

Whilst our core strategy is to maximise investment returns on behalf of our clients and joint venture partners, in-line with the client’s pre agreed investment strategy, we recognise the need to integrate and promote the principles of responsible investment across our business.

The Strategy encompasses four key policy areas, developed to plan and manage how sustainability is incorporated into different aspects of the business.

Responsible Investor Responsible Developer Responsible Manager Responsible Business

Through the development of the Responsible Investment Strategy, Delancey has considered how its ESG objectives complement the implementation of wider sustainability themes and outcomes, including the UN Sustainable Development Goals. More detail can be found here.

Delancey’s approach evolves from our support of the Paris Agreement aligning with business action on climate change and guided by the world’s leading organisations. To ensure we remain informed of and incorporate the latest research, Delancey is associated with the following responsible investment organisations:

• UN PRI: The Principles for Responsible Investment are a voluntary set of investment principles for incorporating ESG issues into investment practice. In implementing them, signatories contribute to developing a more sustainable global financial system. Delancey is a signatory to UN PRI, reporting our responsible investment activities on an annual basis as ‘Investment Manager’.

• GRESB: GRESB is the global ESG benchmark for real estate assets. GRESB Assessments provide data on the ESG performance of portfolios and assets, which are benchmarked against industry peers to provide transparency for investors. Delancey-managed developments participate in the GRESB Developer Assessment and initially target a 4 star rating. Delancey would also advocate for clients / Joint Venture partners to commit to GRESB 4 or 5 star rating for standing assets.

• TCFD: The Task Force on Climate-related Financial Disclosures has developed a framework to help public companies and other organisations more effectively disclose climate-related risks and opportunities through reporting processes, thereby improving information availability for financial markets. Delancey is undertaking a review to ensure our processes are aligned to the TCFD recommendations.