Northtree Investment Management Ltd
Northtree are responsible value investors focused on the delivery of diversified, income dominated, UK real estate returns. Northtree joined the Net Zero Asset Managers Initiative in February 2022 and made its Initial Target Disclosure in April 2023.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
100% of total AUM (USD $0.03 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
GHG intensity 8.76kgCO2e/m2/yr
Energy intensity 43.75 kWh/m2/yr
C-to-V ratio 8.5 tCO2/£M invested
Target(s):
Reduce GHG intensity by 54% by 2030 on managed portfolio.
Reduce energy intensity by 56% by 2030 on managed portfolio
All assets to reach minimum EPC ‘B’ by 2030.
All landlord-procured electricity to be sourced from renewables by 2023.
Transition away from fossil fuel sources to all assets being fully electric and powered from renewable sources by 2050.
Reduce embodied carbon of refurbishments by 25% by 2025 and 50% by 2030.
Net positive by 2050.
GHG scopes included:
We adopt the operational control approach for our managed portfolio. We do not currently have 100% data coverage but are actively working on obtaining the missing data.
Methodology:
Net Zero Investment Framework
Own/other methodology
Scenario(s):
GHG Protocol, BBP Net Zero Carbon Framework
Additional information
Policy on coal and other fossil fuel investments:
We only invest in commercial real estate. However, we have self-classified our Fund as Article 8 and will therefore seek to avoid investment in any assets that would adversely impact the SFDR PAIs.
Further information: