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You are in Direct - Infrastructure » Outputs and outcomes
Water stress
Agriculture
Due to the drought conditions in the area where we had agriculture assets that required a continuous supply of water we needed to ensure we had that supply in place. The inability to have water would lead to reduced production and therefore loss of revenue.
We invested in building dams on the properties to ensure consitent supply.
GRESB Certification - ES&G profile
Social
We had invested in an asset that was reporting under GRESB and was underperforming it’s peers.
We had management make recommendations on what initiatives could be introduced into the organisation across the GRESB requirements to improve our score. We ended up being gaining the 2nd highest score in our peer group.
Animal Welfare
Not being RSCPA accredited across our assets could lead to reputational risk as well as animal-welfare risks.
All infrastructure assets were assessed against the RSPCA standards and where assets fell short – we invested capital to bring those sheds up to standard to gain the RSPCS accreditation.
Climate Change
Loss of crop due to severe and inconsistent weather events
We’ve invested additional capex at our almond orchards in frost fans to mitigate the impact of climate change whereby min-max temperatures have become more extreme. Our lessee - SHV’s latest results indicate that the largest contributor to their growth in EBITDA year on year is due to these frost fans