British Land has retained its 5-star rating in GRESB’s annual sustainability assessment for both standing investments and development, and has outperformed last year's scores on both metrics.
GRESB (Global Real Estate Sustainability Benchmark) is an investor-led organisation that provides actionable and transparent ESG data for listed property companies, private property funds, developers and investors that invest directly in real estate.
Our standing investments scored 90/100, and for our developments, we scored a maximum 100/100. Both scores are 14 points ahead of the GRESB average. For the past two years, we have been a global sector lead for developments, reflecting the progressive approach of our industry-leading sustainability brief.
You can read more about our sustainability brief, access our 2024 sustainability progress report and learn about our 2030 sustainability strategy here.
David Walker, Chief Operating Officer at British Land, said: “We are delighted to have once again achieved 5-star GRESB ratings for both our developments and standing portfolio with improved scores in each assessment. These excellent results recognise our focus over many years to lead the industry in low carbon development, decarbonise our standing portfolio and maximise our social impact.”
“Building on our success to date, we remain focused on delivering against our ambitious 2030 sustainability strategy, across the three pillars of Greener Spaces, Thriving Places and Responsible Choices.”
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Media Enquiries:
Charlotte Whitley, British Land 07887 802 535
Giles Barrie, FTI Consulting 07798 926 814
About British Land
British Land is a UK commercial property company focused on real estate sectors with the strongest operational fundamentals: London campuses, retail parks, and London urban logistics. We own or manage a portfolio valued at £13.0bn (British Land share: £8.7bn) as at 31 March 2024.
Our purpose is to create and manage Places People Prefer – outstanding places that deliver positive outcomes for all our stakeholders on a long term, sustainable basis. We do this by leveraging our best in class platform and proven expertise in development, repositioning and active asset management.
We have both a responsibility and an opportunity to manage our business in an environmentally and socially responsible manner. Our approach to sustainability is focused on three pillars: Greener Spaces, Thriving Places and Responsible Choices.
Read more about us at www.britishland.com.
About GRESB
GRESB (Global Real Estate Sustainability Benchmark) is an investor-led organisation that provides actionable and transparent ESG data for listed property companies, private property funds, developers, and investors that invest directly in real estate. Each year we take part in the Real Estate Assessment which is comprised of three sections –
- Management Component (Standing Investments) – measures the entity’s strategy and leadership, policies and processes, risk management, and stakeholder engagement approach.
- Performance Component (Standing Investments) – measures the entity’s asset portfolio performance using asset- and portfolio-level information. It includes information on performance indicators, such as energy, GHG emissions, water, and waste.
- Development Component (Development) – measures the entity’s efforts to address ESG issues during a building’s design, construction, and renovation phases.
The data we provide undergoes validation through GRESB’s three-layer data-quality control process involving third-party verification by Sustainability Assurance Services. Once validated, the data then gets scored and benchmarked.
Further information on GRESB - https://www.gresb.com/nl-en/
Further information on the Real Estate Assessment - https://www.gresb.com/nl-en/real-estate-assessment/