EDINBURGH-based building and project consultancy Paragon has announced the launch of a new green investment service to help property investment funds meet environmental targets.
The two-stage service comprises a ‘green book’ guide, which enables funds to set standards and monitor acquisitions against them. It also assists in the drafting of ‘green clauses’ in tenant leases.
Paragon explained that the service helps investors meet their environmental, social and corporate governance (ESG) targets throughout the whole property lifecycle. The offer is delivered in partnership with sustainability consultancy Envision.
Charlie Knox, Paragon’s director of environmental and sustainability services said, “More must be done across the industry to embed environmental and sustainable processes throughout the whole property lifecycle. Paragon is very proud to be leading the way in this collaborative approach to ESG between funds, developers, tenants and sustainability specialists.
“There is a particularly strong focus from funds on sustainable investments, both during development and throughout a building’s use. Companies which are open-minded to aligning investment decisions with ESG policies and driving better environmental standards and fund monitoring will benefit from the service.”
