Insight
By joining the global community of B Corps, Cube is proud to align itself with businesses around the world that are legally and transparently committed to considering the impact of their decisions on people and planet. Having been established for over 20 years, Cube continues to embed ESG at the heart of its approach, with a particular focus on modern, progressive working practices.
Stuart Loggie, CEO at Cube RE, says: “At Cube, we embrace progress, ensuring we continue to provide best in class returns for our partners. Alongside this, ESG is always high on the agenda across our assets, the community that surrounds them and, importantly, the team at Cube that make it all happen.”
Across its UK investment and development portfolio, Cube incorporates green clauses into all new leases to elevate the ESG credentials of its assets. As well as being 100% MEES compliant, c. 70% of the assets across its portfolio benefit from EV/PVs.
Following the completion of the best in class £250m Unilever Office Campus in Kingston, Cube delivered one of the “greenest” buildings in the UK, achieving BREEAM Excellent and an EPC A, to match the high standards set by the incoming tenant.
The B Corp certification is widely regarded as one of the most rigorous corporate sustainability standards. Impact is evaluated across five areas: clients/customers, governance, employees, community and the environment. After achieving a passing score and amending the company’s’ governing documents, certified B Corps commit to a legal structure that considers all stakeholders, not just shareholders. Recertification is required every three years to ensure the upholding of standards across social and environmental performance.
Stuart continues: “We are thrilled to have achieved B Corp certification. Looking forward, we will strive to improve our B Corp Impact Assessment Score as we continue to grow our team, build our partner investment portfolios, with exceptional performance incorporating suitable ESG factors at the forefront of our decision making.”