• Home
  • News
  • In-depth
  • Opinion
  • Energy
    • Wind
    • Marine
    • Solar
    • Biomass
    • Nuclear
    • CCS
    • Infrastructure
  • Policy
    • Politics
    • Legislation
    • Taxation
  • Management
    • Marketing
    • Risk
    • Skills
    • Incentives
    • Carbon Accounting
  • Technology
    • Waste
    • Recycling
    • R&D
    • Efficiency
    • IT
  • Investment
    • Carbon Trading
    • Offsets
    • Venture Capital
  • Net Zero Now
  • Events & Awards
  • Net Zero Festival
  • Industry Voice
  • Newsletters
  • Sign in
  •  
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
    • You are currently accessing BusinessGreen via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0) 1858 438800

      Email: [email protected]

      • Sign in
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
    • Facebook
    • YouTube
    • Instagram
  • Free Trial
  • Subscribe
  • Events & Awards
    • Upcoming events
      event logo
      BusinessGreen Technology & Investment Forum 2021

      Investors and sustainable tech firms are invited to sign up to BusinessGreen's Tech & Investment Forum to explore the investment opportunities offered by the UK's fast expanding green economy.

      • Date: 12 May 2021
      • Online Event
      event logo
      NZF Pathway - Nature 2021

      Net Zero Nature brings together global experts, business leaders, NGO’s and innovators to explore why protecting and restoring nature is fundamental to global economic prosperity, investigate the transformative changes businesses must make now to avoid extinction, and consider best practices and latest developments. Register now to secure your place for a unique day of learning, leadership and practical insight.

      • Date: 27 May 2021
      • Online Event
      event logo
      BusinessGreen Leaders Awards 2021

      From blue chips and start-ups to cutting edge clean tech providers and transforming incumbents, the Awards will honour the very best of UK green business, offering a unique opportunity for the environmental business community to join together to celebrate their many successes and collaborate on the next phase of the net zero transition.

      • Date: 22 Sep 2021
      • Virtual Event, Worldwide
      event logo
      Net Zero Festival 2021

      Net Zero Festival is the world's first business festival dedicated to exploring, advancing, and celebrating the global transition to a net zero emission economy. Join us at BusinessGreen's Net Zero Festival – for leaders who won't wait until 2050 to build a better business, and a better world.

      • Date: 29 Sep 2021
      • Worldwide
      View all events
  • Net Zero Festival
Business Green
Business Green
  • Home
  • News
  • In-depth
  • Opinion
  • Energy
  • Policy
  • Management
  • Technology
  • Investment
  • Net Zero Now
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
  • You are currently accessing BusinessGreen via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0) 1858 438800

    Email: [email protected]

    • Sign in
  • Hot topics
  • Hydrogen
  • Green jobs & skills
  • Net Zero Nature
  • Technology & Investment Forum
Bgnzf20 1125 125 leadership rebbon
  • Management

British Land pledges to deliver net zero carbon portfolio by 2030

Credit: British Land
Credit: British Land
  • James S Murray
  • James S Murray
  • @James_BG
  • 24 June 2020
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
0 Comments

Property giant unveils new sustainability strategy designed to transform its entire portfolio, slashing both embodied and operational emissions in the process

One of the UK's largest commercial property firms has announced ambitious new plans to deliver net zero emissions across its entire portfolio, including new developments by the end of the decade.

British Land yesterday unveiled a new Sustainability Strategy and announced the launch of a British Land Transition Fund to drive investment in a raft of projects to help deliver on its new emissions targets.

Related articles

  • Amazon orders up wave of record-breaking renewables projects
  • 'Not fit for purpose': Powering Past Coal Alliance slammed by NGOs as 'smokescreen' for greenwashing
  • Ørsted powers into onshore wind market with Brookfield Renewables deal
  • Shell to fund 60 million CO2 offset credits through Africa cookstoves rollout

The new strategy replaces its previous five year sustainability programme, which is credited with cutting energy intensity across its property by 55 per cent and reducing carbon intensity by 73 per cent against a 2009 base line.

However, the company said it was now strengthening its emissions targets further to slash both embodied and operational carbon across its portfolio in support of an overarching goal to deliver net zero emissions by 2030.

Specifically, the strategy commits British Land to cutting embodied carbon by 50 per cent and carbon intensity by 75 per cent against a new 2019 baseline.

Moreover, 100 per cent of developments delivered from this year will deliver net zero embodied carbon, while the company said it will prioritise retro-fit projects over new build developments wherever possible.

Delivery of the targets will be backed by a bespoke Transition Fund that will be resourced through an internal fee of £60 per tonne of carbon that will be levied on new developments, which will provide both a financial incentive to reduce emissions and a replenishing fund to invest in new low carbon innovations.

"The first of its kind, the fund will accelerate the path to net zero by driving innovation in development, financing the retrofit of the standing portfolio, and supporting customers in transforming their own space to reduce emissions," British Land said in a statement.

Simon Carter, chief financial officer at British Land, the company was now looking to accelerate its decarbonisation efforts in support of the UK's wider net zero goal.

"In the final year of our five year programme, we pushed the boundaries on environmental performance," he said. "We're particularly pleased to have improved the energy efficiency of our portfolio by 55 per cent and are equally proud of the investment we've made to support the communities that host our assets across the UK.

"Building on this excellent work, we are keen to accelerate the progress we've made over the last decade by setting ourselves bold stretching targets for the decade ahead. As a long-term investor in our places, we have the unique opportunity to make a meaningful impact on the environment and the communities where we operate. Our strategy focuses on the two areas where we think British Land can create the most benefit; making our whole portfolio net zero carbon and partnering to grow social value and wellbeing in the places where we operate."

 

The Net Zero Leadership Hub is brought to you in partnership with BT, as part of its support for the Net Zero Leadership Stream at the world's first Net Zero Festival this autumn. All the content on the Hub is fully editorially independent unless otherwise stated.

You can find out more about the Net Zero Festival and reserve your place here.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Management
  • Buildings
  • Efficiency
  • British Land
  • leadership
  • Net Zero Now

More on Management

    • Management
Net Zero Cash: Cash industry signs up to new Environment Charter
    • Management
    • 19 April 2021
Credit: Heineken
    • Management
Heineken toasts new 'carbon neutral' target
    • Management
    • 16 April 2021
    • Policy
Green remedy: How a net zero global healthcare sector could help cure planetary ills
    • Policy
    • 16 April 2021
Green awards season returns (hopefully)
    • Editor's Blog
    • 15 April 2021
    • Supply chain
How net zero farming goals could be put at risk by a 'wait and see' mentality
    • Supply chain
    • 15 April 2021
Reducing air travel can significantly reduce lifestyle carbon footprints
    • Policy
Citizen power or climate chaos: How can policymakers and businesses encourage low carbon behaviours?
    • Policy
    • 15 April 2021
    • Buildings
Net zero carbon: How data is greening UK infrastructure
    • Buildings
    • 15 April 2021
A solar plant at a Facebook data centre in New Mexico | Credit: Facebook
    • Management
Facebook posts 'net zero' operational emissions status update
    • Management
    • 15 April 2021

More news

Amazon orders up wave of record-breaking renewables projects
  • Energy
Amazon orders up wave of record-breaking renewables projects

Company says plans for nine new utility scale wind and solar projects make it world's largest purchaser of renewable power

  • 19 April 2021
'Not fit for purpose': Powering Past Coal Alliance slammed by NGOs as 'smokescreen' for greenwashing
  • Energy
'Not fit for purpose': Powering Past Coal Alliance slammed by NGOs as 'smokescreen' for greenwashing

UK is failing to lead by example as PPCA co-chair it mulls a brand new coal mine in Cumbria, while financial institutions in group are not acting fast enough to cut ties with sector, report warns

  • 19 April 2021
Ørsted powers into onshore wind market with Brookfield Renewables deal
  • Wind
Ørsted powers into onshore wind market with Brookfield Renewables deal

Offshore wind giant set to snap up 1GW UK and Ireland onshore wind pipeline

  • 19 April 2021
Shell to fund 60 million CO2 offset credits through Africa cookstoves rollout
  • Carbon Trading
Shell to fund 60 million CO2 offset credits through Africa cookstoves rollout

Oil and gas giant teams up with C-Quest Capital to supply 'clean and efficient' cookstoves for 1.5 rural households, generating credits for the voluntary carbon market

  • 19 April 2021
blog comments powered by Disqus
Back to Top

Most read

Facebook posts 'net zero' operational emissions status update
Facebook posts 'net zero' operational emissions status update
Heineken toasts new 'carbon neutral' target
Heineken toasts new 'carbon neutral' target
'Zap Flash': Good Energy to offer electric vehicle drivers free power
'Zap Flash': Good Energy to offer electric vehicle drivers free power
BlackRock and Temasek announce multi-billion dollar climate tech venture capital push
BlackRock and Temasek announce multi-billion dollar climate tech venture capital push
JP Morgan and Citi pledge multi-trillion dollar green finance blitzes
JP Morgan and Citi pledge multi-trillion dollar green finance blitzes
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters
  • Facebook
  • YouTube
  • Instagram

Incisive Footer Logo

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading