Healthcare property business Assura has been certified as a B Corporation making it the first in the FTSE 250.
The certification recognises businesses’ approach to environmental, social and governance principles by assessing both the impact of a company’s day-to-day operations and its business model.
Assura’s accreditation comes a year after the firm unveiled its Bigger Picture strategy, which detailed the three values at the heart of its business model: healthy environment, healthy communities, and healthy business.
Those values have informed Assura’s commitment to becoming net-zero carbon across its portfolio by 2040. It has also committed to maximising a positive impact in the communities surrounding its buildings, aiming to generate £3.50 in social value per £1 invested.
Jonathan Murphy, Assura chief executive, said: “We will continue to make incredible progress as we deliver our ambitions to be net zero across our portfolio by 2040 and become the number one listed property business for long-term social impact.”
Chris Turner, executive director of B Lab UK, the accrediting organisation for B Corps, said: “In order for our economy to transform, we need businesses of all sizes and sectors to move away from shareholder primacy and balance the interests of all their stakeholders.”
Assura is North West-headquartered real estate investment trust that invests and develops GP surgeries, healthcare, diagnostic and treatment buildings in the UK.
Photo © Assura
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