The Castleforge ESG report covers highlights such as their 1 Golden Lane project, which will be the first development in the UK to deconstruct, de-fabricate, recertify, and refabricate steel sections for use in the redevelopment of the same site
Real estate investment firm Castleforge has released its 2023 Environmental, Social, and Governance (ESG) report.
The report sets out three pillars for delivering “meaningful impact” in: the built environment, community and people.
Retrofitting and recycling are key aspects of Castleforge’s built environment pillar
The ESG report specifically identifies assets appproaching obselescence as targets for imrpovement, as shown in the 1 Golden Lane development and Winchester House.
Both sustainable office space developments are aiming for high BREEAM standards.
The UNO Building at 1 Golden Lane will be the first development project in the UK to deconstruct, de-fabricate, recertify, and refabricate steel sections for use in the redevelopment of the same site.
The development is a London Energy Transformation Initiative (LETI) pioneer project, which challenge current practice and support advancements in sustainable development.
Social value will underpin community and internal investments
The report focuses on the launch of Castleforge’s Castleforge IV Fund as an Article 8 Fund under the EU’s Sustainable Finance Disclosure Regulations to actively promote environmental and social characteristics through all investments.
This includes Ocasa (Castleforge’s residential management operation) and Clockwise (its flexible workspace operation).
ESG criteria are an integral part of Castleforge’s underwriting process as it strives to invest responsibly and create a greener future for all the communities it has a foothold in.
The final section of the report focuses on people. Castleforge is working to provide a positive work environment by giving employees the opportunity to learn and grow.
Castleforge will continue to report on its ESG targets and progress
Michael Kovacs, founding partner of Castleforge said: “ESG reporting of this kind is crucial to ensure transparency and accountability throughout the entire business. We are immensely proud of the work that has been done so far to make Castleforge a responsible and sustainable company, with a green thread running through everything we do.”
You can read the 2023 Castleforge ESG report in full here.
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