Our commitment to responsible business

As a B Corporation, actions to address social, climate and biodiversity challenges are embedded throughout our business, our governance and how we run our funds. Our management platform has a net zero target of 2040 (scopes 1,23), our foundation is responsible for distributing at least 10% of our profits to charity and our employees can volunteer up to 10% of their time. However, we understand the most material environmental and social impact we can have is through our funds. We have signed up to external frameworks, received gold standard certifications and work with respected consultants to continue to improve.

Governance

Central to Newcore's culture is the belief that sustainable investment stems from good governance. Newcore was the first dedicated real assets manager to Certify as a B Corp, and has signed up the UN PRI. Our management platform is run onshore and performance fees subject to income tax. Our targets and disclosures are made public to ensure that our commitments are met.

Read our latest impact report

Impact measurement

Newcore has identified how its funds impact people and the planet, contribute to meeting the UN’s SDGs and provide strong returns for investors. Through the development of an impact management framework, a theory of change has been established. Impact objectives have been set, target outcomes identified and annual reporting integrated into our ESG & impact report.

Impact objectives

Increase the social utility of assets

Act as a responsible landlord

Conduct
responsible exits

Form quality partnerships

contributes towards

Target outcomes

Increased access to education

Enhanced social interaction & community cohesion

Increased health & wellbeing

Increased employment & strengthened local economy

Reduced carbon emissions & renewable energy

Environment

Carbon reduction

Reduce CO2 emissions, aligned to a 1.5% climate pathway, reach Net Zero by 2040 at the latest and a mid term target of 50% carbon intensity reduction by 2030. A clear pathway to net zero for each asset has been established, partially aligning with CRREM 1.5c. Our net zero policy is available on request and annual updates given in our ESG and impact report.

Refurbishment first & energy efficiency

Refurbishment first approach towards all assets, energy efficiency improved as a priority, resource use and waste minimised. Tenants are financially supported to improve environmental performance through innovative incentives.

Nature & biodiversity

A commitment to bring nature closer to people. Biodiversity is integrated into planning applications and tenants are supported to create and improve natural habitats.

Social

Impact measurement

Newcore measures the impact its institutional funds create, including the type of impact (impact classification) and the fund's contribution to impact. Impact objectives have been set and are reported on through fund level impact reports.

A significant focus is to increase the social utility from our social infrastructure investments. Our impact reports interrogate whether real-life outcomes are experienced by people, places and the planet.

Foundation and pro-bono

Newcore has given substantial amounts of time, skills and money to assist charities and communities seeking to regenerate their social infrastructure.

Newcore set up its foundation in 2020 to support charities linked to social and environmental causes, distributing at least 10% of profits each year. Combined with donations and fundraising prior to this, Newcore has now given over £700,000 to charity.

Newcore has instigated and financially supported an industry pro-bono initiative to encourage the use of skills for charities. Over 150 members have donated over £700,000 of pro-bono services to The LandAid Pro-bono Programme.

Advocacy

Newcore continues to challenge the status quo of the real estate and capital management industry. Through positive engagement and the sharing of best practice, Newcore uses multiple platforms to engage the industry, influencing investors, customers, stakeholders and industry peers.

Recently, Newcore has undertaken public speaking opportunities, spoken on podcasts, written and contributed to multiple articles and produced our own reports. In addition, mobilising the industry through working groups including, formerly co-chairing B Corp working groups.