Thames Valley: Frasers Property signs up for sustainability commitment
Frasers Property UK, a business unit of the multi-national Frasers Property Group, has outlined its latest sustainability initiative by signing the Better Buildings Partnership's (BBP) Climate Change Commitment.
Frasers Property owns six Thames Valley business parks within the M3 and M4 corridors - Lakeshore, Bedfont Lakes, Winnersh Triangle, Chineham Park, Farnborough Business Park, Watchmoor Business Park, and Maxis in Bracknell.
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. 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.
By signing the Climate Change Commitment, Frasers Property UK is committing to:
* Developing and publishing its ne- 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, CEO 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.
