Responsible Property Investing at Industry Standards - Good Money Week 2020
Mayfair Capital as the manager of the Property Income trust for Charities (PITCH) is committed to managing the Fund in a responsible way by integrating Environmental, Social and Governance (ESG) criteria, as well as risk factors and financial metrics, into a controlled and structured investment process. We believe this helps to generate long-term risk-adjusted returns and aligns our investment goals to those of our investors and stakeholders.
As manager of the PITCH property portfolio, we recognise the impact our buildings and operations have on the environment and society. To demonstrate our ongoing commitment to Responsible Investing we have signed up to the highest property fund management industry standards:
United Nations Principles for Responsible Investment (UNPRI)
As a subsidiary of Swiss Life Asset Managers, we come under their umbrella for PRI assessment. Our result for 2020 shows strong performance in both Strategy & Governance and Property. Click here to view the 2020 UNPRI Report.
The Association of Real Estate Funds (AREF)
In 2019, PITCH achieved one of the top scores in the AREF code of practice as well as being awarded a Quality Mark for the high level of transparency and corporate governance managing the Fund. PITCH received best practice in 12 out of the 23-certification matrix, making it the best performing out of the specialist charity property funds and we endeavour to continue to adopt best practice whenever possible.
Global Real Estate Sustainability Benchmark (GRESB)
PITCH has been reporting to GRESB since 2014 and we are pleased to report that in 2019 the Fund scored 70/100, marking the 6th year of consecutive improvement (see 2019 GRESB Report). The Fund has been awarded 2 green stars and achieved 100% for its management. (Please note in 2017 GRESB re-stated the PITCH score from 54 to 60).
2020 UK Stewardship Code
Mayfair Capital is proposing to sign up to the 2020 UK Stewardship Code, which recognises the importance of effective stewardship among asset managers, institutional investors and other stakeholders. The Code identifies the requirements for good stewardship through the development of a 'Stewardship Framework', which Mayfair Capital will commit to in its approach to governance.
The Property Income Trust for Charities is delighted to be supporting Good Money Week 2020 - https://goodmoneyweek.com/