Our Corporate Culture, Ethics & Responsible Investment

Our people and corporate relationships are the basis for shaping our corporate culture at Long Harbour. We have built a cohesive team from a broad range of professional and skilled backgrounds, and strive to maintain this in future.

We strive to nurture potential and retain responsible, high energy and ambitious individuals who are striving to develop their skillsets and gain a  career with Long Harbour.

Our ESG Vision

Long Harbour and its subsidiaries aim to be a market leader in promoting responsible business, ensuring the assets we obtain and hold provide a benefit for both the investment industry and the wider community.

As a key figurehead within the residential real estate sector, Long Harbour views its role as a ‘property custodian’, driving industry change through its ESG duties and initiatives, providing economic, social and environmental value for it’s investors and tenants.

Our long-term sustainability approach allows for Long Harbour to have long-lasting and meaningful impacts, and due to the long-term structure of funds, Long Harbour is able to invest in value-creating ESG initiatives, highlighted below:

UN Principles for Responsible Investment & Sustainable Development Goals:

-Long Harbour signed the UN Principles for Responsible Investment (PRI) on the 28th April 2020, the world-leading proponent of responsible investment and sustainable finance.

-Long Harbour aligns its values to the United Nation’s Sustainable Development Goals (UN SDG’s) – compromising of 17 diverse goals, it acts as a ‘blueprint to achieve a better and more sustainable future for all people and the world by 2030’.

Long Harbours ESG Committee:

Created in 2019 to help reach the firms responsible investment goals, this committee meets to:

(i) Monitor quarterly performance

(ii) Keep up-to-date of forthcoming legislation

(iii) Improve ESG-related knowledge, market transparency and ensure investors are aware of Long Harbours current ESG stance.

For further information regarding Long Harbours ESG outlook, please click the link for an in-depth ESG policy:

https://www.longharbour.co.uk/media-news/downloads/

 

GRESB ‘Global Real Estate Sustainability Benchmark’:

In 2019, Long Harbour submitted its Income Fund (part of the Multi-Family Investment Programme) to GRESB for the first time.

The aim of this submission was for GRESB to identify areas strength and of improvement, at a group, fund and asset level. Through a Materiality Review, a Group ESG Strategy was subsequently created within the same year, ensuring Long Harbour could pinpoint areas for development. This in turn led to Long Harbours 2020 GRESB submission to increase its score in the ‘standing asset assessment’ by 19%, in-line with our 4-year strategic plan to get a score of 70%+ in 2022.

In the first release of the development assessment, Long Harbour scored 71%, achieving a Green Star in the process. Scores increased through the adaptations of sustainability due diligence checklist for new acquisitions; with a particular focus on environmental and social issues, this complemented the established governance risk assessment. Brand Standards’ expansion led to the implementation of environmental issues, leading to a strong development score, and the review and amendment of the Group’s ESG policy led to increased scoring across both submissions.

Community Engagement: 

In 2020, through its operational subsidiaries, Long Harbour excelled in its ability to create hospitable, safe and welcoming communities, and strive to continue to build upon their tenant and community engagement. During the GRESB submission, it was recognised that many employee health and well-being initiatives were being undertaken, leading to the formalisation of an engagement plan in 2020. During such an unprecedented year, employee engagement was vital in shaping Long Harbour’s approach to inclusion and diversity. An inclusion and diversity subcommittee was subsequently established in 2020, ensuring that diversity and inclusion sat alongside issues such as sustainability and ESG within the Long Harbour Group.

The GRESB submission in 2020 highlighted further areas of focus for Long Harbour, including the continued exploration of net zero carbon pathways and the integration of climate change resilience into the group.