As we approach the end of a challenging and turbulent 2020, we want to take the opportunity over the next 12 days to focus on some of the positive developments at TIME Investments this year.
Over our short year-end series we will be highlighting some of the key sustainable investments and corporate initiatives contributing to the positive impact we have made throughout 2020.
From all of us at TIME Investments, we would like to wish you, your colleagues and your family a happy and healthy Christmas.
A message from Nigel Ashfield
A big thank you to everyone who has followed our ‘Reflecting on the Positive’ year-end campaign. What a great way to look back over the last year and highlight some of the positive developments throughout 2020.
To take another look at the last 12 days, please use the tabs above.
All that is left to say is Merry Christmas again from everyone at TIME Investments and a short message below from Managing Director, Nigel Ashfield.
Positive Impact Investing
We recently launched a new section on our website to highlight our commitment to positive impact investing.
You can find a plethora of resources, including our latest research, webinars and educational content all focused on raising the profile of responsible investing.
We are proud of the positive outcomes our real asset portfolios have achieved, whilst continuing to help investors make a positive impact.
You can also find information on how to:
Leave a sustainable legacy
Gain infrastructure exposure
Gain social infrastructure exposure
Click here to visit our Positive Impact Investing page.
How to leave a sustainable legacy
Climate change has been a hot topic for the last decade. It is therefore no surprise that a growing number of investors are keen to put their money to good use by supporting businesses and projects focused on promoting a more sustainable planet.
In this short article, we examine the increased focus on leaving a sustainable legacy and how Business Relief can offer a dual benefit by providing a fast and flexible method of leaving a tax efficient financial legacy, whilst also offering a direct route to positive impact investing. Read more here.
Our investment in UK forestry
In September 2020, we acquired the prestigious Barracks Forest in Perthshire, Scotland. At over 11,000 acres, the forest is one of the UK’s largest privately-owned forests. UK forestry remains a highly sought-after asset class due to its appealing risk-return profile. Barracks Forest is planted with fast-growing Sitka spruce and pine trees, which provide Forest Stewardship Council (FSC) certified wood and timber.
The new addition reinforces our commitment to sustainable investments and means our Inheritance Tax service, TIME:Advance, owns and manages over 13,000 acres of commercial forestry across the UK. Read more here.
Our investment in renewable energy
Our Inheritance Tax service, TIME:Advance, has around 65% of its portfolio invested in renewable energy assets generating clean energy. The portfolio is diversified across four different technologies: wind, solar, hydro-electric, and biomass.
Through its renewable energy portfolio, TIME:Advance generates enough clean energy each year to power 85,596 UK homes, offsetting 75,112 tonnes of carbon and equivalent to planting 38 million trees.
At the heart of our ‘carefully considered’ investment strategy is looking for assets that offer both diversification and synergy opportunities for the wider portfolio.
Wind and solar are complementary energy technologies that work to hedge the UK’s changeable weather conditions to target a consistent income stream throughout the year.
All our assets are based onshore in the UK and stretch from solar farms down in Penryn, Cornwall, to wind farms north of Aberdeen, Scotland.
You can learn more about TIME:Advance and the assets it owns here.
Boosting exposure to the logistics sector
In October, TIME:Commercial Long Income completed on the purchase of a logistics asset in the East Midlands, which has been let to DHL.
DHL, a global market leader within the logistics sector, is committed to reducing the impact of its business on the environment and employs several measures that work towards reducing its carbon footprint and improving environmental measures. At a business level, DHL intends for all logistics-related emissions to be reduced to zero by 2050. In addition, the following features are in place on this particular asset to reduce its impact on the environment:
– BREEAM ‘very good’ rating (BREEAM is the world’s leading sustainability assessment method within construction, buildings, and infrastructure. For more information, click here.
– LED lighting used throughout the facility – Site-specific optimised natural light into the warehouse via roof lights and/or wall lights considering area use, light, and heat
– Solar thermal pre-heating of hot water
For more information on the investment rationale behind this transaction click here to download a copy of the Asset in Focus.
Our charity work
Like everything this year, even our charity fundraising efforts have had to adapt. Thanks to our fantastic team at TIME, we have continued to raise money throughout 2020 for our chosen charity of the year, The Silver Line. The Silver Line operates the only free confidential helpline that offers information, friendship, and advice to older people in the UK 24/7.
We were keen not to let the challenges of 2020 prevent us from organising fundraising activities for our staff to get involved in. One of our virtual initiatives included our ‘Points of our Portfolio’ challenge. Over a period of six weeks, our team walked, cycled, and ran in an effort to collectively travel nearly 1,000km. This is the total distance between the furthest solar farms held within TIME:Advance, our Inheritance Tax service’s portfolio .
In addition to our companywide events, many individuals at TIME have taken it upon themselves to fundraise for charities close to their hearts, taking part in a Swimathon and Movember. We are hugely thankful and proud of the generosity of our staff.
Social infrastructure added to TIME:UK Infrastructure Income
We are delighted to have recently expanded our exposure to social infrastructure by adding a new sector to TIME:UK Infrastructure Income.
The Fund now holds companies that own the real estate and infrastructure that social services operate from.
Companies will typically own housing, healthcare, and educational facilities. A good example of this is Primary Healthcare Properties PLC (PHP), which owns primarily GP surgeries, pharmacies, and dentist surgeries. PHP’s portfolio currently comprises 510 properties valued at over £2.5 billion.
One of PHP’s most recent investments includes Loxwood Surgery in Billingshurst, which is a modern, purpose-built, medical centre that is fully let to a GP practice. The GP practice serves over 5,900 patients and is the largest in the local area.
The TIME group has extensive experience in purchasing and managing assets across the social investment sectors, having purchased in excess of 440 assets worth over £550 million across a number of funds.
For more information on TIME:UK Infrastructure Income, click here
The Principles of Responsible Investments (PRI)
At TIME, we are delighted to be a signatory of the Principles of Responsible Investments (PRI) as part of the Alpha Real Capital Group.
The PRI is an internationally recognised global network of asset managers, owners and service providers working together to put responsible investment into practice.
The six Principles are:
Principle 1: We will incorporate ESG issues into investment analysis and decision-making processes.
Principle 2: We will be active owners and incorporate ESG issues into our ownership policies and practices.
Principle 3: We will seek appropriate disclosure on ESG issues by the entities in which we invest.
Principle 4: We will promote acceptance and implementation of the Principles within the investment industry.
Principle 5: We will work together to enhance our effectiveness in implementing the Principles.
Principle 6: We will each report on our activities and progress towards implementing the Principles.
The Principles, which are voluntary and aspirational, aim to provide a framework for integrating Environmental, Social and Governance (ESG) considerations into investment decision-making and ownership practices.
Reducing our paper consumption
Since March 2020, we have all adapted to the ‘new normal’ of working from home, which has brought about a rapid shift in our working practices.
This shift, along with the changing demands from our clients as they also became accustomed to virtual environment, prompted an overhaul in our approach to the production of hardcopy literature.
To ensure we are doing our bit to minimise waste and actively reduce the impact we are having on the environment, we have set out a new firm-wide approach which will materially reduce our paper consumption going into 2021.
Did you know?
- For every tree that is cut down, just 9,000 A4 sheets of paper are produced¹
- Paper accounts for 25% of all landfill waste²
If you would like to view our digital literature suite, you can do so by visiting our document library.
Impact Investment Report
We are aware that many investors are increasingly concerned with climate change and want to understand where their investments are having a positive impact on the world.
We have created our ‘Impact Investment Report’ to easily show clients how investments in our Inheritance Tax service, TIME:Advance, are contributing to efforts to bring all greenhouse gas emissions to net zero.
Each report is tailored to the client and clearly shows the clean energy generation and carbon offsetting potential of their investment.
You can request a bespoke report now using our illustration request tool.
2020 | Reflecting on the Positive
We welcome you to join us over the next 12 days to reflect on the positive developments at TIME Investments this year.
We will be paying particular attention to the positive impact we are making through our investments to support our belief that investing responsibly can meaningfully influence investment outcomes, particularly over the longer term.