When brownfield sites are remediated and returned to productive use, the social impact at the community level is significant alongside positive outcomes for the environment
Environmental Impact
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Curbing urban sprawl by focusing on land redevelopment projects in urban areas, therefore limiting further mineralisation of soils and the loss of biodiversity and arable lands.
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Tackling security and sanitary issues through the comprehensive and long-term treatment of environmental liabilities.
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Controlling carbon footprint through the use of in-situ and on-site remediation treatment, the reuse of waste material during the construction process and the delivery of energy-efficient buildings.
Social Impact
- Removing blight and reversing negative perceptions by creating homes (affordable and market rate) and bringing back economic activity and jobs in former derelict areas.
- Improving public health by reducing exposure to harmful chemicals and poor air quality associated with former industrial sites and increasing well-being by creating compact and well-connected mixed used neighbourhoods
- Restoring social and economic dynamism from previously idle sites, in cooperation with local authorities, thus avoiding the cost associated with building and maintaining new infrastructure.
Impact measurement
Ginkgo has developed dedicated metrics to inform its investment decisions and assess the impact of its remediation and redevelopment projects. By including Environmental, Social and Governance (ESG) as an integral part of the investment process, and by aspiring to apply best practice, Ginkgo seeks to mitigate risk and bring to maturity a well-managed and financially attractive portfolio of real estate assets.