British Land records a 44 per cent reduction in energy intensity
British Land has improved the energy intensity of its portfolio by 44 per cent and the carbon intensity by 64 per cent versus its 2009 baseline, according to the firm’s latest annual Sustainability Accounts for the year to 31 March 2019.
Since 2016 it has helped 1,232 people into work and 17 per cent of the company’s employees hold skills-based volunteering roles within non-profit organisations. Full data of performance against the Company’s targets can be found in the Sustainability Accounts.
Simon Carter, Chief Financial Officer, says: “In the penultimate year of our five-year programme, we have pushed the boundaries on environmental performance. We’re particularly pleased to have improved the energy efficiency of our portfolio by 44 per cent. This enhances our own environmental footprint, reduces costs for our customers and demonstrates that our industry is capable of meaningful action in tackling climate change.
“We are equally proud of the investment we’ve made to support the communities that host our assets across the UK. This year, 36,300 people have been assisted by our teams in learning to read, accessing employment, improving their professional skills or through wellbeing activities. We’ve also invested in local economies, with 66 per cent of our construction spend going to businesses within 25 miles of our development sites to ensure the local community benefits.”
Among other notable milestones this year, the Company doubled its renewable energy capacity to 2MW and, through its award-winning partnership with the National Literacy Trust, helped the 40,000th child improve their literacy skills.
British Land began reporting its environmental and social impact in 2002 and remains committed to rigour and transparency regarding its activities. The Group’s sustainability reporting has achieved EPRA Gold standard for the last seven consecutive years. British Land has been a signatory to the UN Global Compact for a decade and its sustainability strategy is aligned to the UN Sustainable Development Goals (SDGs).