This ESG policy applies to all new development projects instigated by Fusion Assets and its associated companies, as well as to standing assets owned and operated by Fusion Assets. In cases where Fusion Assets has limited ability to influence or control ESG considerations (for example single-let assets on FRI leases) reasonable efforts will be proactively made to encourage tenants to share data and collaborate in ESG-related initiatives.
Materiality
Fusion Assets’ purpose is the regeneration of brownfield sites for economic development and housing, both by utilising public funds and engaging with the private sector to increase the level of investment into North Lanarkshire. It is therefore imperative to Fusion Assets to consider material ESG factors for every project and understand how they might impact on stakeholders. For the purposes of this policy, ‘material’ ESG factors are defined as the sustainability risks and opportunities Fusion Assets considers likely to impact on value creation and the outward impacts of our business activities on society and the environment.
Commitments
Fusion Assets will promote uptake of this ESG policy and the adoption of appropriate and asset specific ESG targets by our funders, development partners, construction contractors, professional advisors, property managers and occupiers. Fusion Assets operate in compliance with anti-bribery and corruption, environment, health, safety and social laws and regulations. Fusion Assets actively support innovation and actively participate in industry initiatives that advocate for change.
Monitoring and Reporting
Fusion Assets seek to identify and raise material ESG matters through regular engagement with our stakeholders. Progress against material ESG topics and improvement initiatives will be recorded and reported regularly to Fusion Assets’ Board.
Fusion Assets will share annual updates on progress and outcomes with investors through both formal and informal mechanisms, to include performance versus industry recognised benchmarks.
ESG oversight is provided by the Fusion Assets’ Board.