Commercial property owners commit to net positive targets
Hammerson and 22 other leading commercial property owners have signed a groundbreaking commitment to tackle the growing risks of climate change through the delivery of net zero carbon real estate portfolios by 2050.
The commitment was developed following a CEO event hosted by Hammerson Chief Executive David Atkins and Alan Tripp, Head of UK at LaSalle Investment Management, for the 30 members of the Better Buildings Partnership (BBP).
The commitment highlights the need for buildings to be net zero carbon by 2050 and commits signatories to publicly publish their own pathways to achieving this by the end of 2020. These pathways will cover new and existing buildings, both operational carbon and embodied carbon, and critically, include the impact of the energy consumed by the buildings’ occupiers. Signatories will also report annually on the progress against their pathways and disclose the energy performance of their portfolios, demonstrating a clear intention to improve transparency within the market.
Louise Ellison, head of sustainability at Hammerson, said “The BBP has always focused on enabling industry collaboration to deliver more sustainable outcomes. The Climate Change Commitment is an excellent example of this approach in action and, with so much support already, has the capacity to deliver lasting, valuable impact in the fight against climate change. I am delighted that Hammerson have been able to support the development of the Commitment and join with such an influential group of signatories to this important initiative.”