London, 19 June 2023
Lodge Quai (LQ) today announced that it has signed the United Nations-supported Principles for Responsible Investment (PRI). The PRI is an international global network of asset managers, owners and service providers working together to put responsible investment into practice. The principles, which are voluntary, aim to provide a framework for integrating environmental, social and corporate governance (ESG) considerations into investment decision-making and ownership practices. LQ has committed to undertake a series of steps during the remainder of 2023 and into 2024. These include developing Group-wide sustainable investing guidelines, followed by implementing detailed procedures for investment selection, execution, monitoring and reporting. In the first half of 2024, LQ will focus on the systems and documentation required for the annual PRI reporting cycle.
LQ Group COO, Matthew Gilpin, said:
“We strongly believe that ESG is rapidly becoming one of the most important factors in investment performance in European real estate. As a Group, we are committed to developing and implementing best practice to ensure value for our investors while also acting as a force for good in the markets in which we operate.”
PRI CEO, David Atkin said:
“We are delighted to welcome Lodge Quai as a signatory to the PRI. As responsible investment themes grow in significance, the real estate investment sector will play a key role in incorporating ESG factors into its decision making and practices. We look forward to working with Lodge Quai on these important issues going forward.”
Lodge Quai was formed by Cabot Lodge and Daniel Quai in 2013 as an independent principal real estate investment and advisory firm. It invests capital on behalf of institutional clients, asset managers, single and multi-family offices. LQ is focused on two main strategies in the UK and Europe:
Net lease: provision of net lease finance on strategically important commercial real estate let on a long-term lease to credit-worthy tenants.
Real estate debt: provision of senior, mezzanine and preferred equity capital to small-to-medium sized developers and real estate operating companies.
The PRI is the world’s leading proponent of responsible investment. It works:
to understand the investment implications of environmental, social and governance (ESG) factors;
to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions.
In early 2005, the then United Nations Secretary-General Kofi Annan invited a group of the world’s largest institutional investors to join a process to develop the Principles for Responsible Investment. A 20-person investor group drawn from institutions in 12 countries was supported by a 70-person group of experts from the investment industry, intergovernmental organisations and civil society.