British Land has proudly maintained its 5-star rating in the Global Real Estate Sustainability Benchmark (GRESB) annual sustainability assessment for both standing investments and developments. Notably, the company has outperformed its scores from the previous year in both categories.
GRESB, an investor-led organization, provides actionable and transparent environmental, social, and governance (ESG) data for listed property companies, private property funds, developers, and direct real estate investors.
In this year’s assessment, British Land achieved a score of 90 out of 100 for its standing investments and a perfect score of 100 out of 100 for developments. Both scores are 14 points above the GRESB average. For the past two years, British Land has been recognized as a global sector leader in developments, highlighting the company’s commitment to sustainability.
David Walker, Chief Operating Officer at British Land, expressed his delight at the results, stating, “We are thrilled 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 reflect our longstanding focus on leading the industry in low-carbon development, decarbonizing our standing portfolio, and maximizing our social impact.”
He added, “Building on our success to date, we remain focused on delivering against our ambitious 2030 sustainability strategy, which encompasses the three pillars of Greener Spaces, Thriving Places, and Responsible Choices.”
For more detailed information, you can access the 2024 Sustainability Progress Report and learn about the 2030 Sustainability Strategy on their website.
About British Land
British Land is a leading UK commercial property company focused on prime real estate sectors, including London campuses, retail parks, and urban logistics. As of March 31, 2024, the company manages a portfolio valued at £13.0 billion (£8.7 billion British Land share).
The company aims to create and manage “Places People Prefer,” ensuring positive outcomes for all stakeholders in a sustainable manner. Their sustainability strategy is built on the pillars of Greener Spaces, Thriving Places, and Responsible Choices.
About GRESB
GRESB provides comprehensive ESG data through its Real Estate Assessment, which includes three components:
Management Component (Standing Investments) – Assesses strategy, leadership, policies, processes, risk management, and stakeholder engagement.
Performance Component (Standing Investments) – Evaluates asset portfolio performance, including indicators for energy, GHG emissions, water, and waste.
Development Component (Development) – Reviews efforts to address ESG issues during design, construction, and renovation phases.
Data provided by companies undergoes validation through GRESB’s rigorous quality control process, ensuring accuracy and reliability in benchmarking results.
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