RF Corval ensures that sustainability practices are embedded across its business to support and encourage environments that make all stakeholders excel.
As a real estate owner, manager and developer, RF Corval acknowledges the property sector is a large contributor to greenhouse gas emissions. Therefore, it believes it has the opportunity and the responsibility to create the right balance of social, environmental and economic benefits to their investors, customers, communities and the environment. By taking a holistic approach, it will ensure increased transparency, enhance relationships and each investment remains attractive and relevant in the future, thus maintaining value over the long term.
In order to deliver on its commitment to improving environmental performance of their properties, RF Corval appoints dedicated sustainability consultants for each property to track the environmental performance of the assets on a monthly basis. RF CorVal will then take the recommendations to tailor a capital works program to enhance the performance of the assets.
The performance and reputation of RF CorVal’s ESG performance is monitored and benchmarked in a global context. RF Corval participates in the Global Real Estate Sustainability Benchmark (GRESB) survey to benchmark its environmental, social and governance practices against competitors, making it socially aware and enabling it to identify its organisational strengths and weaknesses. This benchmarking process allows RF Corval to constantly monitor and improve performance.
In addition, RF CorVal has established a clearly defined set of Environmental, Social and Governance (ESG) principles that is applied across its business and operations. This is summarised in the table below.
RF Corval Environmental, Social and Governance (“ESG”) Principles
|What?||Engagement and Inclusion for;|
|Why?||Reducing waste, emissions and costs not only enhances investment returns, it also protects the long term sustainability of humanity, natural resources and its surrounding environment.||Taking a holistic approach to business, investments and communities enhances relationships via increased transparency.|
|Measure and Benchmark|