Custodian REIT creates ESG board committee
Property investment company Custodian announced the constitution of an environmental, social and governance (ESG) board committee on Friday.
The London-listed real estate investment trust said the committee comprised Hazel Adam as chair, as well as independent non-executive directors Elizabeth McMeikan and Chris Ireland.
“The board recognises that its decisions have an impact on the environment, people and communities and understands the risks imposed if we do not incorporate robust ESG practices into the way we do business,” said the company’s chairman David Hunter.
“The board is also acutely aware of the increased stakeholder interest and compliance requirements around ESG management.
“The ESG committee has been constituted to provide appropriate oversight of the company's performance against its environmental policy and targets, to ensure it complies with its environmental reporting requirements and to ensure a sufficient level of positive social outcomes for its stakeholders and the communities in which it operates.”
At 1557 BST, shares in Custodian REIT were down 0.73% at 94.8p.