ABOUT LIBERTY TWO DEGREES
Listed on the Johannesburg Stock Exchange (JSE), Liberty Two Degrees Limited (L2D)is a precinct focused retail centred Real Estate Investment Trust REIT, with an iconic portfolio of South African assets that are dominant in their economic nodes. With a view to continuously improve the quality of its assets, introducing innovative and unique experiences that attract tenants and customers to its spaces, L2D strives to create sustainable value for all its stakeholders.
L2D’S PURPOSE AND VISION
TO BE THE LEADING SOUTH AFRICAN PRECINCT FOCUSED, RETAIL-CENTRED REIT
TO CONTINUE TO CREATE EXPERIENTIAL SPACES TO BENEFIT GENERATIONS
For L2D, value is inherently tied to its purpose of continuing to create experiential spaces to benefit future generations. This benefit goes beyond the in-the-moment experience created. L2D intend to produce lasting impressions, tied to an enduring legacy of positive impact – THE GOOD WE DO.
Consequently, value creation means delivering a world-class CUSTOMER EXPERIENCE and a positive TENANT EXPERIENCE and a leading HUMAN EXPERIENCE while ensuring proactive, responsive CAPITAL AND RISK MANAGEMENT. This is how L2D creates positive FINANCIAL OUTCOMES. Collectively, all these definitions of value culminate in THE GOOD WE DO – the enduring, broader value we generate for all our stakeholders, which will drive us to fulfil our vision to be the leading South African precinct focused, retail-centred REIT.
L2D’s energy and business model is focused on achieving outcomes that will support and drive the realisation of both its vision and purpose. The management of L2D measures the effectiveness of its business model by tracking the progress of its strategic value drivers, which remain the key lens through which management determines the actions required to take the business forward.
These strategic value drivers are aligned to L2D’s vision and enable the execution of the company’s strategic pillars of; driving to future proof its assets, having passionate people and growing to make an impact.
To support the strategic pillar of driving to future proof its assets, L2D has adopted strategic building blocks to prepare the business for an ever-changing retail environment. The continuous implementation thereof, which is underpinned by SAFE Spaces, ensures that L2D creates spaces that will benefit generations and help futureproof the malls to truly set them apart.
A fundamental factor to L2D’s positive and impactful change in the retail sector, in addition to its sustainable recovery and its long-term prospects for growth, is the consideration of environmental and social sustainability and governance (ESG) factors which underpin and enable L2D’s financial and operational performance, while safeguarding the relevancy of its portfolio. Through IMPACT, L2D’s ESG value proposition which is also its commitment to quality, business growth and sustainability, while creating shared value for all its stakeholders, L2D understands that ESG continues to redefine the role of its company in society. L2D acknowledges the value
of addressing ESG concerns that are material to its company as part of its business practices and in its endeavour to achieve operational excellence.
L2D believes, in line with growing evidence, that ESG factors contribute to long-term sustainable financial performance. A careful consideration is therefore given to L2D’s ESG business strategy, risk management, compliance and performance to ensure that the company is able to deliver long-term value for the organisation as well as its stakeholders.