Sustainability leadership

We demonstrate continued strong progress in what we are delivering, which is reflected by our track record of performance in Environmental, Social and Governance (ESG) benchmarks. 

 

ESG benchmarks

GRESB

GRESB Real Estate Assessment – Developments

  • 2023: 5 star rating. Global Sector Leader. Score 99%
  • 2022: 5 star rating. Global Sector Leader. Score 97%
  • 2021: 5 star rating. Score 95%

Visit the GRESB website1

GRESB

GRESB Real Estate Assessment – Standing investments

  • 2023: 5 star rating. European Sector Leader. Score 89%
  • 2022: 4 star rating. Score 85%
  • 2021: 5 star rating. Score 87%

Visit the GRESB website1

Cdp

CDP Climate Change Questionnaire

  • 2023: A-
  • 2022: B
  • 2021: A-

Visit the CDP website

EPRA

EPRA European Sustainability Reporting Awards

  • 2023: Gold Award
  • 2022: Gold Award
  • 2021: Gold Award

We have received EPRA Gold Awards 12 years running.

Visit the EPRA website

Msci esg rating

MSCI ESG Rating

  • 2023: AAA ESG Rating
  • 2022: AAA ESG Rating
  • 2021: AAA ESG Rating

We have been AAA rated eight years running.

Visit the MSCI website2

Sustainalytics ESG Risk Report

Sustainalytics ESG Risk Ratings

  • 2023: 9.4 score. Negligible risk
  • 2022: 9.2 score. Negligible risk
  • 2021: 8.2 score. Negligible risk

Visit the Sustainalytics website

Social Mobility

Social Mobility Foundation Employer Index

  • 2023 56th overall
  • 2022: 16th overall. Top property company
  • 2021: 61st overall

We have been ranked in the Top 75 employers six years running.

Visit the Social Mobility Foundation website

Ftse

FTSE4Good Index

  • 2023: Top 87th percentile
  • 2022: Top 88th percentile
  • 2021: Top 81st percentile

We have been listed on FTSE4Good since 2002.

Visit the FTSE4Good website

Iss esg

ISS ESG Corporate Rating

  • 2023: B- score. Prime status
  • 2022: B- score. Prime status
  • 2021: B- score. Prime status

Visit the ISS ESG Corporate Ratings website

Sustainability leadership indicators

In FY23 we continued to make good progress against our 2030 targets. We achieved Sector Leader status for our GRESB Development response and increased the proportion of our assets with A or B EPC ratings by 9%.

 

Indices

2030 Strategy Indicator

2030 Target

FY23 Performance

GRESB (Standing Investments) 5-star rating

5-star

4-star

GRESB (Developments) 5-star rating

5-star

5-star (Global Sector Leader)

 

Green building

2030 Strategy Indicator

2030 Target

FY23 Performance

Developments on track to achieve BREEAM Outstanding (Offices); Excellent (Retail); Home Quality Mark (Residential) minimum 3*3

100%

70%

BREEAM-certified standing assets - all ratings (design and/or operational BREEAM certificate)

-

48%

BREEAM-certified standing assets - rated Very Good or higher4 (design and/or operational BREEAM certificate)

50% by 2025

33%

 

Energy ratings

2030 Strategy Indicator

2030 Target

FY23 Performance

Proportion of units with EPCs rated A or B across Assets Under Management

-

45%

 

Water

2030 Strategy Indicator

2030 Target

FY23 Performance

5% reduction in operational water consumption vs 2020

5% by 2025

5%

 

Materials and waste

2030 Strategy Indicator

2030 Target

FY23 Performance

Operational waste from managed assets that is re-used, composted or recycled

Offices: 80%

Retail: 70%

74%

58%

Development and operational waste diverted from landfill

-

99%

 

Biodiversity

2030 Strategy Indicator

2030 Target

FY23 Performance

New construction and major renovation projects designed to achieve a 10% net gain in biodiversity

100%

On track

% of managed assets with Biodiversity Action Plans

100%

41%

 

Resilience

2030 Strategy Indicator

2030 Target

FY23 Performance

% of managed assets and major developments which have undergone a flood risk assessment

100%

100%

 

1 GRESB® and the related logo are trademarks owned by GRESB BV and are used with permission.

2 The use by British Land Company PLC of any MSCI ESG Research LLC data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement or promotion of British Land by MSCI or any of its affiliates. MSCI services and data are the property of MSCI or its information providers. MSCI and MSCI ESG Research names and logos are trademarks or service marks of MSCI or its affiliates.

3 From 2021, the 2030 strategy upgraded our BREEAM targets to Outstanding for Offices (from Excellent) and Excellent for Retail (from Very Good).

4 Excludes Residential.

Sustainability Progress Report 2023

Sustainability Report 2023

Sustainability Strategy 2030

Sustainability Strategy 2030

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