We have used the reporting metrics from the GRESB survey since 2012 to establish how considering ESG issues has positively impacted our funds' ESG performance.
By comparing the scores for up to 10 participating funds from 2012 to 2016 we have been able to measure that Savills Investment Management has improved the ESG performance on these funds by a total of 87%, since participation in the survey.
We monitor and report the carbon footprint of a number of our funds. In 2017 the Charities Property Fund portfolio, with EUR 1.3 billion AUM (as at 31 December 2017) was estimated to have saved a total of 89.9 tonnes of CO2, comprising a reduction in the consumption of both gas and electricity across the portfolio’s assets since the previous reporting year (2016).
The methodology for calculation was measuring electricity and gas consumption, converting the gas to kWh and applying a conversion rate of 0.542 kg/CO2 per kWh to convert the total kWh into CO2.