REG - Great Portland Ests. - GPE launches Social Impact Strategy version 2.0

Great Portland EstatesAnnouncement

15/04/2025 07:02

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RNS Number : 9581E  Great Portland Estates PLC  15 April 2025

15 April 2025

 

GPE launches Social Impact Strategy version 2.0 - working towards "A Fairer
Future for London"

 

Great Portland Estates plc (GPE) has today launched version 2.0 of its Social
Impact Strategy, "A Fairer Future for London" three years after the launch of
the business' original strategy. This updated approach increases GPE's focus
on the themes where the business can deliver the most meaningful change.

 

Since version 1.0 of GPE's strategy "to create a lasting positive impact in
our communities", GPE has created almost £4 million* of social value,
including:

·      Raised £620,000 and donated 1,930 volunteering hours through our
strategic charity partnership with XLP

·      Generated £1,249,000 in social value through the donation of
space to charities and social enterprises

·      Increased direct spend and indirect spend (through our Supply
Chain Partners) with Social Enterprises

·      Provided 66 weeks of internships focused on improving
accessibility to the real estate industry for under-represented groups

GPE is now doubling down in the areas that the team believes will deliver the
most meaningful change for communities in the capital and contribute to a
fairer future for London. GPE will therefore be:

·      Promoting Inclusive Communities: focusing on education, social
mobility and supporting long-lasting employment opportunities

·      Delivering healthier, greener, spaces: to support better physical
and mental health resilience as well as improved resilience to climate change

·      Nurturing strong partnerships: to amplify our impact through our
supply chain, customers and charity partners

The business will measure success through the outcomes it creates, including
long-term employment opportunities, biodiversity created or the increase in
suppliers incorporating social impact key performance indicators in their
contracts.

 

For further detail on our Social Impact Strategy see:
https://www.gpe.co.uk/documents/social-impact-strategy
(https://urldefense.com/v3/__https:/www.gpe.co.uk/documents/social-impact-strategy__;!!KZXpRQ!R4hPoRDJh54dDyvFiAIrwTZWn9l6ji7EE3kiGL0sMsJktASI1KSot7JIattuWHIPulMlRtWlGbATI0fPjmFsk0BUNp_niw$)
.

 

Nick Sanderson, Chief Financial and Operating Officer, commented: "We are
delighted with the success of version 1.0 of our strategy, which has created a
lasting positive social impact for our local communities, strengthened our
relationships with suppliers and our customers and galvanised our employees
together as we have worked to support causes that resonate with our business.
Our updated strategy will increase our focus and impact, whilst continuing to
align strongly with our sustainability and D&I commitments."

 

Janine Cole, GPE's Sustainability and Social Impact Director: "In our updated
strategy we have doubled down our efforts in areas where we can have the most
impact, namely supporting improved long-term employment opportunities and the
delivery of healthier, greener spaces, which not only supports the health and
wellbeing of our communities but improves the climate resilience of London as
a city. We will measure our success by quantifying the outcomes of our efforts
and report annually on our progress."

 

*£4 million of social value, was measured using the National Themes Outcomes
and Measures (TOMs) framework.

 

 Great Portland Estates plc                                                      +44            (0)            20             7647           3000
 Toby Courtauld, Chief Executive
 Nick Sanderson, Chief Financial & Operating Officer
 Stephen Burrows, Director of Investor Relations and Joint Director of Finance

 FGS Global
 James Murgatroyd & Gordon                                                       +44            (0)            20             7251           3801
 Simpson

For further information see www.gpe.co.uk or follow us on X at @GPE_london

LEI Number: 213800JMEDD2Q4N1MC42

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