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BBP Internally Launches New Publication on TNFD for UK Commercial Real Estate at Latest Quarterly Members Meeting
22 October 2024
On October 3rd, The Better Buildings Partnership (BBP) launched a new resource for the commercial real estate sector—the BBP Publication on TNFD for UK Commercial Real Estate. Developed in collaboration with Brookfield Properties, who sponsored the project, and technical experts from Greengage Environmental, the publication offers practical tools and insights to support real estate companies in implementing the Taskforce on Nature-related Financial Disclosures (TNFD) framework.
Topic: Biodiversity
Type: News
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Bringing Net Zero Ambitions to Life Through Bespoke Training
06 November 2024
Savills Investment Management (Savills IM) prioritises continuous upskilling and training across sustainability topics, including their net zero objectives. In the evolving landscape of climate science, regulations and reporting standards, Savills IM ensures up to date ESG learning and development training programmes are available for every Savills IM employee, across all disciplines and teams. In 2023, Savills IM internally launched their Net Zero Whole Life Carbon training series, delivered by their Sustainability & Net Zero Lead and offered to all employees globally. Throughout 2023, all Savills IM employees received ESG-related training to better understand their role in achieving Savills IM’s ESG objectives, including net zero carbon, with further implementation of training currently in progress.
Topic: Net Zero
Type: Case Studies
Member: Savills Investment Management
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The BBP’s Managing Agents Partnership Welcomes Gerald Eve as Latest Member
20 August 2024
The BBP’s Managing Agents Partnership (MAP) welcomes Gerald Eve plc as its latest member, expanding the membership to 19 leading organisations committed to improving the sustainable management of commercial property assets.
Type: News
Member: Grosvenor
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2023 Real Estate Environmental Benchmarks
03 July 2024
We’re delighted to share the latest benchmarks from our REEB project. The BBP’s Real Estate Environmental Benchmark (REEB) is based on asset-level environmental data provided by our members. It helps our members and the wider commercial real estate sector understand performance trends and how individual assets compare. The REEB project has been producing annual benchmarks since 2010, but this is the first update since the covid-19 pandemic, and as such the benchmarks show some significant reductions (e.g. 15% reduction for AC Offices). Another new addition to this update shows REEB in the context of other benchmarking initiatives from NABERS UK, CIBSE, CRREM, Deepki, EPRA, GRESB, Urban Land Institute, NABERS, and Energystar so that readers can see the extent to which different initiatives align on what ‘typical’ performance looks like.
Topic: Measurement & Reporting
Type: News
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Grosvenor achieves the UK's first NABERS Base Building Energy Rating
03 July 2024
Grosvenor's Toronto Square, Leeds, has earned a NABERS (National Australian Built Environment Rating System) UK Base Building Energy Rating of 4.5*, marking the first occasion in the UK where an existing office building has received such recognition. This is a landmark achievement for Grosvenor, one that establishes them as leaders within the industry and signals the start of an exciting chapter in which Grosvenor aims to achieve further NABERS UK ratings across their portfolio. NABERS accredited office buildings are making significant strides towards achieving Net Zero goals with Grosvenor benefitting from enhanced transparency and occupier engagement as key methods to guide future decision making.
Topic: Energy/Carbon
Type: Case Studies
Member: Grosvenor
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Building a community of sustainability advocates at Federated Hermes’ science and technology park, Milton Park
25 June 2024
Federated Hermes (FHL) aims to create value by investing in projects that benefit people, society and the environment. As part of its commitment to ESG, FHL established The Greener Workspace Forum (GWPF) at one of their assets: Milton Park (MP), Oxfordshire. The GWPF addresses a wide range of sustainability issues by working with the assets’ occupiers and local communities to create positive impacts, reduce emissions and waste, increase recycling, and enhance biodiversity. Founded on the belief that collaboration can lead to unique opportunities for both occupier, owner and the local community, the GWPF inspires sustainable action and lobbies for progressive change. Achievements to date include a shift in single-occupancy private car use towards more sustainable modes of travel, with cycling rates up 4% in 2022 and bus use doubling between 2021 and 2022.
Topic: Occupier Engagement
Type: Case Studies
Member: Federated Hermes
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Unibail-Rodamco-Westfield harnesses the power of technology to build better places
14 May 2024
With an annual 52 million visits, Westfield Stratford City, operated by Unibail-Rodamco-Westfield (URW), stands as one of the largest retail destinations in the UK. As a visionary developer and operator of sustainability-driven assets, URW strives to find innovative solutions that centre on environmentally responsible practices. With a complex heating and cooling network and ambitious energy reductions targets, URW promptly sought a digital-based solution to future proof the asset. The resulting Digital Twin has not only outperformed expectations in energy and cost reductions, but also established itself as a proactive solution to operational risk management.
Topic: Design for Performance
Type: Case Studies
Member: Unibail-Rodamco-Westfield