Firm aims to become a Paragon of virtue
BUILDING and project consultancy Paragon this week launched a green investment service to both set and attain specific environmental targets.
The Edinburgh-based company’s proprietary two-stage service comprises a ‘green book’ guide which enables funds to set standards and monitor new acquisitions against them.
It also assists in the drafting of ‘green clauses’ in tenant leases to embed sustainability into a building’s ongoing management.
The service helps investors meet their environmental, social and corporate governance (ESG) targets throughout the whole property lifecycle, from initial investment to asset management. The offer is delivered in partnership with specialist sustainability consultancy Envision.
Paragon has already advised existing clients regarding green leases and is now launching the product to the wider market.
Paragon’s director of environmental and sustainability services, Charlie Knox, 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.”