The BBP has submitted its response to the Science Based Targets initiative's consultation on the newly launched building sector guidance.

The BBP held a virtual roundtable event on the 30th May 2023 to discuss the SBTi building sector guidance. The meeting brought together over 50 individuals from across the BBP & Managing Agents Partnership (MAP) membership, representing over £300bn in Assets Under Management. In the meeting, members discussed various questions from the public consultation on the methodology and provided comments via a Mural board. The BBP received a high level of feedback from members across the areas discussed. Members support many of the choices made in the Buildings guidance, but would welcome more detailed guidance across certain areas, including additional clarification on building typologies.

The responses of BBP and MAP members from this roundtable and discussion have been collated and summarised in this document as a collective BBP response. Overall, the BBP welcomes the creation of a buildings specific methodology and were happy to feed into the development process for the methodology as part of the Expert Advisory Group. We look forward to seeing a final version of the guidance following the feedback from the public consultation.