Channel Islands Property | ESG

As a significant Crown Dependency landlord, CIPF recognises its responsibility to invest in a sustainable and ethical manner that generates long-term value for shareholders while positively contributing to climate change mitigation, community impact and high standards of governance. 

CIPF’s Sustainability objectives are captured in the ESG Policy (Updated January 2024) which provides an overview of CIPF's commitments and processes and is structured around four core pillars of Governance, Strategy, Risk Management, and Metrics. These pillars reflect leading sustainability reporting frameworks to enable CIPF to fully integrate ESG considerations into decision-making and ownership practices. 

Key responsible investment activities like screening acquisitions, performing ESG due diligence, engaging with tenants, and monitoring properties are mapped into these pillars accordingly. 

In January 2024 the inaugural Sustainability Report launched, establishing CIPF’s overall portfolio targets and measurement metrics, centred around sustainability-related risks and opportunities in the short, medium and long term.

Short-term risks and opportunities include supply chain disruptions that could increase property maintenance and project costs, as well as potential misalignments with investor ESG priorities that could hamper CIPF's access to capital.

Medium-term time horizon, CIPF anticipates regulatory requirements around sustainability reporting, emissions, and energy efficiency will continue tightening, necessitating action and investment to maintain compliance. Opportunities to further engage tenants on waste, water, and energy goals are also viewed as medium-term.

CIPF also sees accessing green financing options and sustainability-linked loans as an opportunity as it executes its climate strategy. Finally, CIPF believes meeting the growing occupant demand for sustainable office space through integrating ESG factors into new lettings and lease renewals is an opportunity.

Long-term risks and opportunities anticipated include substantially reducing greenhouse gas emissions across CIPF's property portfolio as technologies evolve. Additionally, physical climate change impacts are expected to manifest gradually, alongside potential reputational risks or benefits depending on CIPF's sustainability performance over time.

While target setting, monitoring and reporting processes are evolving with support from ESG reporting specialists Terra Instinct, the Board oversees sustainability prioritisation through actions like ESG training, portfolio benchmarking, reporting, and environmental certifications. 

By investing responsibly and engaging stakeholders, CIPF aims to future-proof assets, reduce risk and support the green transition locally to deliver long-term prosperity of the business, local communities, and the Crown Dependencies as a whole.

To read the ESG Policy and Sustainability Report please visit the relevant links.