Better Health for All

No KPIs could be scored for 'Better Health for All' as the company's core business as a real estate investment trust (REIT) does not directly align with the specific health-related products, services, or initiatives measured by the rubric's quantitative thresholds. While LondonMetric owns properties in the healthcare sector

and engages in charitable giving and employee wellbeing initiatives , the rubric's criteria for positive scores, such as percentages of health-related product portfolios or health-related expenditure, are not applicable or quantifiable for a REIT's business model. Furthermore, several KPIs were deemed not applicable as the company does not produce health-related products, conduct clinical trials, or manage health data. Workplace safety and environmental pollution control, though present in the evidence , are explicitly excluded from this value category by the rubric's definition.

Fair Trade & Ethical Sourcing

The company ensures strong ethical sourcing through its contractual requirements, with 100% of contractors adhering to the mandatory Responsible Development Requirements Checklist.

This checklist, along with a Supplier Code of Conduct and JCT sub-contracts, covers essential ethical terms such as labour rights, human rights, fair remuneration, modern slavery, and anti-bribery. The company reports zero substantiated human rights concerns, forced or child labour incidents, or modern slavery-related whistleblowing reports within its direct operations or supply chains. It maintains a zero-tolerance policy and conducts continual risk assessments. For supplier oversight, annual audits are conducted for Tier 1 suppliers and on a sample of projects, complemented by independent monitoring through schemes like the Considerate Constructors Scheme. As a real estate investment trust, the company does not procure or trade physical commodities, making fair-trade certification for inputs not applicable.

Planet-Friendly Business

LondonMetric Property plc sources 94% of its landlord electricity supplies from renewable energy.

The company achieved Scope 1 and 2 carbon neutrality for the 2024/25 reporting year, ahead of its 2027 target, with an overall portfolio net-zero target of 2050. It uses Gold Standard and Verified Carbon Standard (VCS) offsets for residual emissions, aligning with Oxford Offsetting Principles. 20% of the portfolio by floor area is BREEAM certified, and the company diverted 9.41% of its total waste from landfill in 2024. While its science-based pathway is aligned to industry standards and CRREM, there is no explicit mention of SBTi-validated targets. The company has complied with TCFD requirements, but is strengthening financial quantification for Strategy B and C, and improving Scope 3 emissions measurement. It utilizes climate scenario analysis based on IPCC RCP4.5 and RCP8.5 pathways, and has completed CRREM analysis on its ten largest assets to determine stranding risk against a 1.5°C pathway. Biodiversity efforts include a bee house, bug hotel, and wildflower planting at a refurbishment project in Bicester.

Respect for Cultures & Communities

The company has reported no cultural appropriation incidents.

No specific cultural impact assessment protocols are mentioned, and Free, Prior and Informed Consent (FPIC) processes are not applicable to its operations. There is no specific tracking of indigenous suppliers, which is noted as not applicable to the company's operations. No cultural site disruptions have been reported. While the company engages in general charitable giving, there is no specific focus on cultural heritage organizations. No cultural incidents or controversies have been reported, thus no specific response framework is detailed.

Safe & Smart Tech

The company retains user registration details indefinitely, which is a significant concern for data minimization.

IP addresses are generally held for 12 months. While the company states it complies with GDPR and users are entitled to standard data subject rights, the indefinite retention of registration details represents a gap in its regulatory compliance.

Zero Waste & Sustainable Products

In 2023, LondonMetric Property PLC achieved a 42% waste diversion rate through recycling.

Construction waste was over 80% diverted from landfill. The company generated a minimal amount of hazardous waste, accounting for 0.2% (58 tonnes) of total waste in 2023, and reported no hazardous waste in 2022. There have been no reported waste disposal violations, prosecutions, or enforcements. LondonMetric integrates circular design principles by dismantling an existing mezzanine for reuse and using recycled access flooring panels during a refurbishment. The company requires contractors to minimize waste on developments through a Responsible Development Requirements checklist, which sets environmental standards for all projects. However, the company only has vague waste reduction goals to minimize waste on developments, without specific targets or deadlines. Only one specific waste reduction initiative, the dismantling of an existing mezzanine for reuse, is explicitly mentioned.