British Land has cut its energy intensity by 44%, the company has announced.
According to the UK property REIT’s latest annual sustainability account, carbon intensity is also down by 64%.
Both figures compare to the company’s 2009 baseline. ‘Intensity’ is measured by dividing energy consumption by floorspace.
Last month, UK Green Building Council (UKGBC), revealed that UK buildings account for around 30% of the UK’s carbon emissions – most of it from heating, cooling and electricity usage.
British Land is one of Europe’s biggest listed real estate investors, with €18.2 bn AUM, comprising office assets in London and retail units across the UK.
Simon Carter, chief financial officer at British Land, said: ‘In the penultimate year of our five-year programme, we have pushed the boundaries on environmental performance. We’re particularly pleased to have improved the energy efficiency of our portfolio by 44%.
'This enhances our own environmental footprint, reduces costs for our customers and demonstrates that our industry is capable of meaningful action in tackling climate change.’
