Derwent London is pleased to announce it has joined the Better Buildings Partnership (BBP) as part of its climate change commitments.
BBP is a collaboration of the UK’s leading commercial property owners who are working together to improve the sustainability of existing commercial building stock.
As part of the membership, Derwent London has signed the BBP’s Climate Change Commitment with these outline principles:
- To publish its net zero carbon pathway by the end of 2020
- To disclose its progress towards net zero annually
- To disclose its energy performance annually
- To develop a climate change resilience strategy in line with the Task Force on Climate Related Financial Disclosure (TCFD) by 2022
- To work with BBP and its membership in developing the net zero pathways programme and industry guidance and to engage with its tenants to improve the energy performance of their space
The full membership commitments are available on the BBP website.
This membership coincides with the Group becoming the first UK REIT to sign a Green Revolving Credit Facility and with the launch of its Green Finance Framework, announced today. For further information, please visit the Derwent London website.
Derwent London’s Head of Sustainability, John Davies, commented:
“Derwent London has been at the forefront of pushing for the highest sustainability standards for many years, as demonstrated by our exemplary projects such as White Collar Factory EC1. As a leading property investor, we recognise our responsibility to reduce energy and carbon emissions and are developing ambitious plans in this regard. We are pleased to be part of the industry’s collective commitment on climate change via the Better Buildings Partnership.”
Better Buildings Partnership’s CEO, Sarah Ratcliffe, commented:
"We are absolutely delighted that Derwent London is joining the Better Buildings Partnership and becoming a signatory to the BBP Climate Change Commitment. Derwent London has already showed significant leadership on climate change, but it is clear that the scale and pace of change required means that collaboration and collective action across the industry are vital. The BBP provides a forum where leaders in the industry can come together, share knowledge and act together to improve the sustainability of their portfolios and we look forward to Derwent London being an active member of the Partnership."