Frasers Property UK, owners and developers of Farnborough Business Park has outlined its latest sustainability initiative by signing the Better Buildings Partnership’s (BBP) Climate Change Commitment.
The BBP’s Climate Change Commitment unites signatories in targeting carbon net zero by 2050 and commits all signatories to publish their net zero pathways by the end of this year.
Frasers Property UK signed the commitment after becoming the 33rd BBP member and are now developing climate change risk strategies at Farnborough Business Park and its other UK business parks. These include: Winnersh Triangle in Reading, Watchmoor Park in Camberley, Maxis in Bracknell, Chineham Park in Basingstoke and Hillington Park in Glasgow.
By signing the Climate Change Commitment, Frasers Property UK is committing to:
- Developing and publishing its net zero carbon roadmap by the end of 2020
- Completing climate change risk assessments across all assets by end of 2022
- Annually disclosing its progress towards its net-zero carbon roadmap
- Disclosing the energy performance of its assets
Ilaria del Beato, Chief Executive Officer at Frasers Property UK said: “Sustainability is a key contributor to our success. We aspire to create spaces and experiences that foster sustainable communities and a better environment for all, and aim to set industry benchmarks in building sustainable communities. This is why we have pledged to signing the BBP’s Climate Commitment.”
To date, the Climate Change Commitment has been signed by 26 companies representing over 11,000 commercial properties globally – over £300 billion assets under management – and responsible for over 1.2 million tonnes of carbon emissions per annum.
The BBP represents a significant share of UK commercial real estate owners, signalling the industry’s commitment to sustainability in the built environment and demonstrating leadership in achieving carbon reduction goals.