ESG
Creating a resilient portfolio
Creating a resilient portfolio reduces our risk exposure to current and future legislation, transitional and physical climate risks and changing occupier demand.
Creating a resilient portfolio
LONG-TERM GOALS
- Targeting green building certifications
- Reducing climate-related risks in the portfolio
- Reducing EPC risk
- Defining and implementing net zero carbon pathway
2024 TARGETS
- All developments to target EPC B or above
- All developments >50,000 sq ft to target BREEAM Excellent/Very Good
- EPC improvement programme to ensure all in-scope properties have a valid EPC and target 25% reduction of D or E rated properties
- Build mitigation plans for assets identified as higher risk of climate change
- Regular Board ESG training on future legislation, occupier demands and climate risk
2023 HIGHLIGHTS
- Undertook climate risk modelling to better understand our exposure to physical climate hazards
61%
of assets have low exposure to physical climate hazards - Continued the roll-out of an EPC improvement
64%
of our units in England and Wales (by sq ft) hold an EPC rating of A to C - Developed our net zero carbon pathway
Aligned to UK Green Building Council’s framework
- 2030 net zero carbon commitments for scope 1 and 2 emissions
see infographic below - 4.2%
annual reduction target for like for like scope 1 and 2 emissions set at year end
OUR NET ZERO PATHWAY COMMITMENTS
