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Responsible investment for long term value

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Our sustainability story so far

Portfolio progress

20%

of supermarkets have solar installed.

20%

of supermarkets have EV
charging points installed

2050

Net Zero Target

Un Sustainable development goals

Our sustainability priorites align to multiple UN Sustainable Development Goals, with a particular focus on:

Pillar 1: Climate and
Environment

Reduce our emissions to acheieve a net zero carbon portfolio and mitigate the environmental impacts of our assets.

Pillar 2: Tenant and Community Engagement

Ensure our assets enhance the communities in which they are located.

Pillar 3: Responsible
Business

Strengthen ESG performance and uphold responsible business practices to deliver long-term value.

Our sustainability forumla

Our approach

We believe that real estate is an asset class where Sustainability can go hand-in-hand with attractive, long-term returns for investors.

Our sustainability strategy framework is built on three key pillars:

Climate and environment
Tenant and community engagement
Responsible business

Investing responsibly is a necessity for sustainable long-term value creation.

Our approach to sustainability is underpinned by the Board’s commitment to good stewardship and creating long-term value for our stakeholders.

Sustainable investment management system:

Alongside the Investment Advisor we have developed a bespoke sustainable investment management system, which seeks to ensure that sustainability considerations are integrated through the investment process.

The application of this framework helps to:

ESG Committee:

To support the integration of ESG priorities into the execution of the investment strategy, the Board established a dedicated ESG Committee in May 2022.

The ESG Committee serves as an independent and objective party to:

SUPR’s Board and the Investment Advisor recognise the importance of transparent, decision-useful sustainability reporting to improve our accountability to stakeholders.

Based on the results of a materiality assessment, the Company identified the following strategic initiatives:

SUPR’s annual Sustainability Report provides an overview of our approach to sustainability and our progress.

We are a supporter of the Task Force on Climate-related Financial Disclosures (“TCFD”), in line with our commitment to SDG 13.

Emissions

As an externally managed fund, Supermarket Income REIT does not have employees. Whilst our energy use and emissions are minimal, we recognise the importance of having visibility across our value chain. Emissions from our downstream leased assets (Scope 3 emissions) contribute to the majority of our emissions profile. We continue to work with our tenants to improve the quality of our emissions-related data and improve the percentage of actual data used in our calculations.  

Our Investment Adviser is a member of the Net Zero Asset Managers (NZAM) initiative and the UN Principles for Responsible Investment (PRI).

Science based targets

In late 2023 SUPR submitted its Science Based emission reduction targets to the Science Based Target Initiative (SBTi) for validation. Our targets, currently submitted for approval, include:

Reaching these targets will require us to engage more closely with our tenants, many of whom have similarly ambitious climate targets, to support their decarbonisation strategies.

Energy Efficiency
 

Energy Performance Certificates (EPC) provide ratings for the energy efficiency of buildings. All our assets have an EPC rating, whether they are directly managed by us or are leased as full repairing and insuring (FRI) contracts. 

We are committed to improving the energy efficiency in both circumstances, either directly, or by supporting our tenants to implement their own initiatives. We engage regularly with our tenants to discuss their targets and goals to achieve this.

We have set energy performance targets in line with the UK Government‘s Minimum Energy Efficiency Standards (MEES) in tenanted non-domestic properties by requiring all assets to be EPC C by 2027, and EPC B by 2030. We have carried out a detailed review with third party advisers to assess the cost of meeting these targets. 

TCFB

Our first Task Force on Climate-related Financial Disclosures (TCFD) report was published in 2022, joining more than 2,800 organisations in demonstrating a commitment to building a more resilient financial system and safeguarding against climate risk through better disclosures.

Read our most recent TCFD and Streamlined Energy and Carbon Reporting (SECR) Reports in our 2023 Annual Report and Accounts.

* Relates to the Investment Advisor, Atrato Capital

sustainability reports and policies

Sustainability Report

September 2023

ESG Policy

Environment Policy

Biodiversity Policy

Modern Slavery Statement

Visit our Policies page for all our of corporate policies

Visit our Investor centre for earlier annual reports & other publications