Custodian REIT has appointed Jones Lang LaSalle JLL as its ESG adviser. The REIT’s board said the appointment will enable it to ‘accelerate the implementation of its ESG strategy and more effectively achieve its objectives’ in this area, which relate to improved energy performance, achieving better social outcomes and complying with all requirements and reporting in relation to ESG.
Hazel Adam, chair of the REIT’s ESG committee, said: “We see JLL’s appointment as a crucial next step in the progression of the company’s ESG strategy, which places positive ESG outcomes at the heart of everything we do, helping drive operational performance and shareholder returns and creating a better, greener future.”
Andrew Baker, head of sustainability consulting at JLL, added: “Custodian REIT fully understands the importance of ESG, particularly energy efficiency, in safeguarding its portfolio and the future performance of its assets. Our goal is now to work hard applying our market leading expertise in this field to help Custodian REIT achieve its ambitions.”
Chris Ireland, a non executive director of Custodian REIT and chairman of JLL, has stepped down from the REIT’s ESG committee and was not involved in any decisions regarding the appointment.
