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Leading British property owners sign ‘groundbreaking’ carbon commitment


Leading British property owners sign ‘groundbreaking’ carbon commitment

Hammerson, British Land and Intu are among 23 leading British commercial
property owners to have signed a new ‘groundbreaking’ commitment to deliver
net zero carbon real estate portfolios by 2050.

The Climate Change Commitment will see signatories publicly publish
their own pathways to achieving the carbon target by the end of 2020. These
pathways will cover new and existing buildings, both operational carbon and
embodied carbon, and will include the impact of the energy consumed by the
buildings’ occupiers.

Signatories will also report annually on the progress they’re making
with their targets and disclose the energy performance of their portfolios
in order to demonstrate a clear intention to improve transparency within
the market.

The commitment comes following a CEO event hosted for the 30 members of
the Better Buildings Partnership (BBP) where senior industry leaders agreed
that property owners need to take “urgent, collective and unprecedented”
action to respond to the challenges of climate change.

Louise Ellison, head of sustainability at Hammerson, said in a
statement: “The BBP has always focused on enabling industry collaboration
to deliver more sustainable outcomes. The Climate Change Commitment is an
excellent example of this approach in action and, with so much support
already, has the capacity to deliver lasting, valuable impact in the fight
against climate change. I am delighted that Hammerson have been able to
support the development of the Commitment and join with such an influential
group of signatories to this important initiative.”

Sarah Ratcliffe, CEO at Better Buildings Partnership, added: “The
significance of this commitment cannot be under-estimated – the signatories
have over 300 billin pounds AUM spanning diverse UK, European and global
portfolios. These senior leaders have acknowledged the scale and urgency of
action on climate change that is required, have committed to delivering net
zero carbon portfolios, to improving transparency and driving market
transformation. The BBP is proud to count these industry leaders as its
members and looks forward to working with them to make net zero carbon
buildings a reality.”

Images: courtesy of Hammerson



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