Key movements over the year to note:

• Newcore recertified as a B Corp with 164.6 points in January 2024 making it the highest scoring real estate and infrastructure investor in the world.
• Development and integration of their Three Pillars of Sustainability, recognising that sustainability does not sit at the fund level but needs to be integral to and consistent throughout the management platform, funds and assets.
• 75% of assets are impactful, generating positive outcomes for people and the planet.
• Newcore’s contribution towards achieving impact is medium/high for 77% of total assets.
• Creation of over three thousand educational places.
• Data continues to be key focus for Newcore when looking to future-proof our assets. Their in-house comprehensive dashboard created this year is testament to this.
• Winners of the Property Week 2024 Property Fund Manager of the Year award.

Newcore’s impact is not isolated from its financial performance, delivering an aggregate internal rate of return of 10.2% to investors since inception. “The best overall impact that Newcore can have will be continuing to invest sustainably in UK social infrastructure, providing sensible risk-adjusted returns to its pension fund and other clients with best-in-class governance, while enabling affordable, socially useful and environmentally future-proofed buildings in conservative fund structures. The principles of the B Corporation movement, to which we subscribe, are helpful in navigating this path”, Hugo Llewelyn, CEO. They hope you find the report insightful.

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Publication date: July 2024

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