The social sustainability of our investments is important and we believe that we have an obligation to undertake business activities that will have a positive impact on those people who live, work and invest in those assets. As such, Mayfair Capital as manger to PITCH and other property Funds commit ourselves to the following:
- Review the ethical, environmental and social performance of all key suppliers;
- Encourage regular training and development for employees;
- Promote safe and healthy buildings which encourage productivity and positive customer experiences for the communities, workers and visitors who use them; and
- Implement and monitor the adoption of the Fund’s Ethical Policy under the supervision of the Fund’s Investors' Committee.
We recognise the benefit of engaging with our employees, stakeholders and the wider industry to create awareness around sustainability issues and ensure our objectives are achieved. It is our policy to work with all our stakeholders, as well as peers in the market, to encourage the adoption and consideration of sustainability principles within business practice. As such, we commit to the following:
Tenant Engagement
- Promote dialogue and raise awareness among all tenants with respect to energy, water and waste consumption;
- Where possible include a Memorandum of Understanding (“MoU”) or green clauses in leases to encourage data sharing and cooperation to improve sustainability.
Community Engagement
- Striving for an inclusive working environment which promotes wellbeing, social causes and the environment keeps our team at Mayfair Capital happier, healthier and more productive.
- Examples of our work to help the community includes our Annual Charity Quiz Night where we have raised significant funds over the last 10 years for our chosen charities. Also we provide for two days per year on top of annual holiday allowance for every staff member to undertake charity work and put some of their time back into community based projects. Successful business performance is intwined within an active ESG approach which we place at the heart of all that we do.
Stakeholder Engagement
- Encourage all managing agents, third party consultants and service providers to apply sustainability principles as part of their obligation and commitment to Mayfair Capital and when necessary take appropriate action when these principles are not being adopted to a satisfactory standard;
- Consider the level of commitment to sustainability of potential investment partners and pursue dialogue with these parties when their standards are in conflict with Mayfair Capital’s sustainability principles;
- Ensure that all employees of Mayfair Capital are aware of the RPI statement, Fund policies and KPIs; and
Industry Engagement
- Engage with the wider industry in promoting sustainability as a mainstream consideration of investment performance by contributing to and attending relevant working groups and industry events.
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