DORE's Sustainability & ESG commitment
Sustainability runs through the whole of DORE’s responsible investment framework, aiming to benefit the communities that its assets serve, the wildlife that lives around them and the wider environment.
Responsible investment considerations are embedded into the screening of opportunities, investment decisions and the ongoing monitoring of investments. This helps to identify, assess, monitor and manage environmental, social and governance risks and opportunities and also provides a framework to report progress across DORE's activities.
Downing, as the Investment Manager, promotes high labour and health & safety standards across its teams in addition to implementing an ESG investment training programme for all staff. The company is implementing a sustainable procurement process for contractors to ensure they are aligned to DORE's expectations on environmental and social performance. Working with local communities, Downing is instructed to consider local aspects and needs as part of each project, including, in some circumstances, a contribution of energy or investment to local projects.
Business ethics and transparency of reporting on the ESG performance of assets will be integral to annual fund accounts and regular investor reporting. Downing has a dedicated internal infrastructure asset management team focused on achieving both financial and environmental targets. DORE is focused on diversity, accountability and independence, both for its own board and that of its investment manager. A strict and robust approach is taken to risk management, including ESG factors.
Green Economy Mark
DORE was proud to be awarded The Green Economy Mark by the London Stock Exchange (LSE) as soon as it listed in December 2020.
The Green Economy Mark was introduced in 2019 and recognises listed companies and funds that derive 50% or more of their revenue from environmental solutions. The award is recognition that DORE meets the required industry standards of the trust’s commitment to a sustainable investment approach. It also provides transparency for investors, giving those seeking a sustainable and strong risk-adjusted returns the reassurance that they are investing in a greener future and supporting the UK’s commitment to a net-zero economy.
Principles of Responsible Investment
DORE's commitment to ESG is reflected in Downing's (the Investment Manager) role as a signatory to the UN Principles of Responsible Investment (PRI), incorporating the PRI’s six principles into its Responsible Investment System.
Sustainable Development Goals
There are three Sustainable Development Goals that Downing actively supports:
Goal 7 - Affordable & Clean Energy:
Ensure access to affordable, reliable, sustainable and modern energy for all
Goal 9 - Industry, Innovation & Infrastructure:
Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation
Goal 13 - Climate Action:
Take urgent action to combat climate change and its impacts
United Nations Global Impact
Downing is committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labour the environment and anti-corruption.
Additionally, Downing follows The Climate-Related Financial disclosure (TCFD) guidelines, which measure both climate impact as well as the material risks and how these are managed.