Our future.
We have a set of core principles that will continue to guide our investment decisions into the future.
Environmental, Social and Governance
“ESG is fundamental to how we do our business”
– Gerald Daly, Fund Manager, Arcadia
Arcadia has a proud tradition of upholding the highest ethical standards in our conduct as a company. We strive to be ethically, environmentally, and socially responsible in all we do, and we recognise its importance for future business and our valued stakeholders.
Our 2022 ESG Framework was developed in partnership with Norman Disney & Young. Aligned with the United Nations Sustainable Development Goals (SDGs) as a means to demonstrate its broader commitment to people and our planet, its key initiatives include:
Environmental
Achieve Net Zero Emissions for our two largest funds
Eliminate emissions from purchased electricity consumption
Reduce on-site GHC emissions prior to offsetting
Acknowledge and respond to medium- and long-term impacts from climate change
Social
Identify and prioritise social co-benefit opportunities from carbon offset investment
Understand health and wellbeing impacts and attributes of commercial assets
Implement actions of tenant satisfaction survey
Governance
Develop a recognised framework to benchmark, monitor and improve ESG performance
Benchmark overall sustainability performance for all properties using a recognised industry rating scheme
Disclose Fund ESG Performance
For full details, download our latest Annual Environmental and Social Governance Report. ⟶
Responsible Investment Policy
All of Arcadia’s Principals and Senior Executives have a deep understanding and exposure to all facets of real estate and the real estate capital markets, which gives us a unique and very broad perspective of real estate trends and opportunities.
Rigorous investment underwriting is a hallmark of Arcadia’s real estate investing. Our investing and due diligence framework has been developed and refined over 30 years of real estate transactions and encompasses all aspects of market research, asset pricing models, legal, technical, financial and town planning.
Our Responsible Investment Policy sets out our philosophy and approach. It is endorsed by our Board and regularly reviewed.
Our commitment to support a low carbon economy
Arcadia is committed to playing its part in a more sustainable future for all. A key priority for our business is to reduce our Greenhouse Gas (GHG) emissions and that’s why we’ve committed to achieving Net Zero Emissions by 2028.
A GHG Emissions assessment has been undertaken for Arcadia managed property funds in line with the ClimateActive scope boundary. This serves as the baseline from which to implement a decarbonisation plan for the assets. The assessment has utilised 2019 calendar asset data for the baseline, deemed to represent a ‘typical’ year’s emissions prior to COVID-related disruption in 2020.
We have set out on an ambitious plan to achieve net zero emissions by FY2028. Our planned trajectory towards achieving this goal is illustrated in the adjacent diagram.
Arcadia has identified several initiatives to be implemented across Arcadia managed assets:
Purchase 100% renewable energy for all Arcadia assets, to eliminate baseline emissions by 81.1%
Undertake energy auditing for assets to identify opportunities for further improving operational energy efficiency
Transition asset mechanical plant and equipment to zero-GWP refrigeration variants.
Phase out fossil-fuel based plant and equipment and replace with all-electric solutions at end of life
Improve on-site waste recycling and reduce waste to landfill
By 2028, purchase GHG ‘removals’ to offset unavoidable emissions, as part of a ClimateActive certified outcome.