A global conscience
And an ethos of sustainability in all we do.
Overview
Our vision is to be a dynamic and agile fully integrated international real estate business, with a strong heritage, that has the unique ability to identify potential and unlock value.
Our commitment to embedding ESG policies and principles in our everyday operations is critical to our long-term performance and we want to lead in delivering sustainable value for our stakeholders. At the core of our commitment lies the fundamental value of doing the right thing.
We are the first South African REIT to issue a sustainability-linked bond, reflecting our commitment to ESG principles.
Our ESG strategy, goals and performance for the year ended March 2025 can be found in our 2025 Integrated Annual Report. Extracts taken from this report can be found here.
View report
Our sustainability strategy
We aim to create stakeholder value that:
our planet
Our commitment is to:
Create broader stakeholder value – financial and non-financial
Embed ESG considerations into our investment process
Manage and mitigate ESG risks including climate risks
Achieve net-zero emissions by 2050, or earlier
Contribute to sustainability opportunities aligned to the UN SDGs
The Group is in the process of defining a broader sustainability framework that will integrate with our evolving business model and incorporate the associated key performance metrics. This exercise will determine the Group’s fully integrated and comprehensive sustainability
Our sustainability strategy focuses on our direct and indirect impact
We seek to align our sustainability strategy with the UN Sustainable Development Goals.
Our direct impact and influence:
Managing our carbon footprint
Increasing use of renewable energy
Reducing water usage
Investing in future skills and personal growth of our people
Investing in small business entrepreneurial development
Investing in supporting the development of our communities
Our indirect impact and influence:
Providing healthy, safe and efficient green buildings
Partnering with clients/tenants and our supply chain to implement ESG strategies
Providing reliable data to enable property managers to promote efficiency
Engaging with communities to assist with energy, water and waste initiatives
Protecting biodiversity
Our primary SDGs
Our primary SDGs (shown below) are those most relevant to our business and include the unique contexts of the regions in which we invest. The greatest impact we can have is through the development of our people and the communities in which we operate; partnerships with clients; and environmental and climate actions.
More on ESG
We are cognisant of the increasing need to quantify our impact and have enhanced our focus on disclosure and delivering greater levels of meaningful ESG data, this process will continue to be improved over time. Further detail on the components of our sustainability strategy can be found here.
Sustainable finance
Sustainability-linked bond
Our sustainability-linked bond demonstrates Burstone’s commitment to ESG principles and our efforts to promote good corporate citizenship.
In April 2021, IPF (now Burstone) became the first South African REIT to issue a sustainability-linked bond. This was a milestone event for the sector. The three-year issuance raised R800 million of unsecured bonds in a widely subscribed offer at a competitive coupon rate (3m JIBAR + 190bps), providing an opportunity to reduce the percentage of encumbered assets on the balance sheet.
View KPMG Limited Assurance Report
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