90 per cent of assets (by value) now calculate Scope 1 and 2 greenhouse gas emissions, up from 60 per cent last year (the remaining 16 per cent is estimated) and 100 per cent estimate Scope 3 emissions, up from 40 per cent last year
Just under half (45 per cent) of our assets have implemented a waste prevention and reduction plan
Only 34 per cent of our assets are located near biodiversity sensitive areas, and none has reported a net impact on the ecosystem
72 per cent of our assets have a community engagement plan in place
44 per cent of our assets have a diversity, equity and inclusion (DEI) policy, up from 36 per cent in 2021
72 per cent of our assets have a supplier code of conduct (against unsafe working conditions, precarious work, child labour and forced labour)

Our sustainability strategy

We aim to be a leader in responsible investment in private markets. The core mission of our firm is to create value for all our shareholders and broader stakeholders by investing in, developing and managing infrastructure projects which respond to public needs, foster sustainable growth and improve the lives of communities around the world.

In the last year, to help ensure that our business and assets are fit for the future, we have sought to redefine what sustainability means to John Laing. We reset our sustainability strategy and structured it around six pillars. These pillars help us determine where best to prioritise and deploy our resources.

We formed the six pillars in consultation with partners and shareholders by reviewing material sustainability topics in the key sectors we invest in. We conducted a detailed review of current climate and ESG-related regulatory trends, as well as sustainable infrastructure labelling and certification criteria. These criteria are informed by sector standards such as the EU Taxonomy, and frameworks such as Task Force on Climate-related Financial Disclosures (TCFD), Taskforce on Nature-related Financial Disclosures (TNFD) and International Sustainability Standards Board (ISSB).

These six pillars feed into our positive and negative screening of investment opportunities. They have also informed how we assess our current assets’ existing approach to managing ESG risks and opportunities, as we developed a proprietary ESG maturity framework.

How our sustainability pillars shape our investment approach

Climate Change

Climate Change

The positive impacts we work to achieve

Build projects resilient to climate change and aligned with 1.5°C pathways

What we work to mitigate or avoid

Minimise GHG emissions and avoid exposure to fossil fuels

Resource Use

Resource Use

The positive impacts we work to achieve

Promote the efficient and sustainable use of resources

What we work to mitigate or avoid

Avoid non-hazardous construction and demolition waste going to landfill

Biodiversity

Biodiversity

The positive impacts we work to achieve

Protect and restore biodiversity and ecosystems 

What we work to mitigate or avoid

Avoid negative impact on biodiversity-sensitive areas

Communities

Communities

The positive impacts we work to achieve

Build local capacity and contribute to enhanced livelihoods and social wellbeing of communities

What we work to mitigate or avoid

Prevent and address adverse impact on communities

Diversity, Equity and Inclusion

Diversity, Equity and Inclusion

The positive impacts we work to achieve

Advance diversity, equity and inclusion and promote the non-discriminatory use of infrastructure services

What we work to mitigate or avoid

Ensure equality of opportunity and treatment in employment

Responsible Business

Responsible Business

The positive impacts we work to achieve

Uphold best-in-class moral, ethical, governance and labour standards

What we work to mitigate or avoid

Implement effective anticorruption measures and respect human rights

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Case study

A hospital for a healthy environment

In the UK, Liverpool’s Alder Hey Children’s Hospital was designed as a ‘hill in the park’, with its green roof adding insulation to the building and most rooms benefiting from a view of the adjacent park.

Providing care for more than 270,000 children every year, it is among the most sustainable hospitals ever built. It uses a ground source heat pump, combined cooling, heat and power generation via an absorption chiller, air source heat pumps and photovoltaic panels, generating 60 per cent of its energy on site.

John Laing played a leading role in a consortium that financed and built the hospital, which opened its doors in October 2014, and we remain a long-term and active supporter of the hospital and its charity.

The hospital has a Green Plan that aims to reduce its carbon footprint, enable more energy efficient travel options and reduce waste. Its facilities and estate department are implementing decarbonisation initiatives that include use of energy-saving software, water and operations optimisation, and a shift to LED lighting.

Read more

Denver Eagle P3 Project 1 1

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JL Sustainability Report 2022