Real estate investment manager, Orchard Street, has adopted the Sustainability Impact label on behalf of the Orchard Street Social and Environmental Impact Partnership fund.
Orchard Street launched the fund in October 2022 with a cornerstone investment from Brunel Pension Partnership, one of the UK’s eight local government pension scheme pools. The fund’s investment objective is to deliver positive and measurable social and environmental change through direct intervention in UK real estate, while simultaneously delivering a Value-Add, financial return.
Coupled with the recent appointment of Orchard Street as an impact real estate manager by the ACCESS Pool, a manager of LGPS assets – for which it has been provided with an initial allocation of £100m – Orchard Street said it “continues to target the delivery of attractive financial returns within a formal Impact investment framework focused on the decarbonisation of buildings”.
Sarah O’Connell, assistant portfolio manager of the Orchard Street Social & Environmental Impact Partnership fund, said: “The fund has adopted the label in order to align with the broader regulatory drive for better disclosure and will be one of only a handful of real estate strategies to use it since the SDR’s new regime came into force earlier this year.
“As an early adopter of the Sustainability Impact label, we welcome new and robust standards that better quantify genuine real estate transition strategies. Adoption of the Sustainability Impact label will help our clients to identify an investment strategy that contributes to both financial returns and meaningful societal impact, we are excited to align ourselves with this framework and continue to build a portfolio that reflects our commitment to sustainability.”
