Improved ESG risk rating of 7.6
London, 14 February 2024, Tritax Big Box REIT PLC (“The Company” or “Tritax Big Box REIT”) (ticker: BBOX), a specialist investor in large-scale UK supply chain real assets, has been recognised as one of the best performing companies in Sustainalytics’ 2024 top-rated ESG companies list for the second year running.
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks. Tritax Big Box has been awarded an improved ESG risk rating of 7.6 (8.3: 2023), classified as ‘Negligible Risk’, meaning that its exposure to material ESG issues is low, whilst its capacity to manage relevant ESG issues based on The Company’s practices and policies is strong. Tritax Big Box is ranked in the Top 50 companies in both its region and sector, ranking as 25 out of 1052 in the real estate sector.
Alan Somerville, ESG Director at Tritax Management LLP, commented, “Our top-rated Sustainalytics rating reflects the depth of Tritax Big Box’s ESG strategy and performance. Since 2020, we have been focused on delivering ESG impact across our key pillars of sustainable buildings, climate and carbon, nature and wellbeing, and social impact. To be recognised as a top-rated ESG company reinforces our role as a responsible investor and our commitment to meet the growing ESG expectations of our investors, customers, and communities.”
The inclusion of Tritax Big Box in the Sustainalytics ranking is a result of The Company’s transparency and public disclosure and ongoing market leading ESG performance. The awards underpin The Company’s ambitious data and evidence led ESG strategy with meaningful targets set across both asset management and development management activities.
The Company is committed to its ambition to create a positive environmental and socio-economic impact by 2030 by developing and managing net zero carbon buildings with high green building standards, enhancing nature and biodiversity, and creating social value through its investments.
Morningstar Sustainalytics provides analytical environmental, social and governance research, ratings and data to institutional investors and companies. Sustainalytics’ ESG Risk Ratings cover more than 15,000 companies across 42 industries.
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About Tritax Big Box REIT
Tritax Big Box REIT plc (ticker: BBOX) is the largest listed investor in high-quality logistics warehouse assets and controls the largest logistics-focused land platform in the UK. Tritax Big Box is committed to delivering attractive and sustainable returns for shareholders by investing in and actively managing existing built investments and land suitable for logistics development. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade tenants on long-term leases with upward-only rent reviews and geographic and tenant diversification throughout the UK.
The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies, is listed on the premium segment of the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices.
The Company's LEI is: 213800L6X88MIYPVR714
Further information on Tritax Big Box REIT is available at www.tritaxbigbox.co.uk
Investor contact:
Ian Brown
Tel: +44 (0) 20 8051 5060
Head of Corporate Strategy & Investor Relations bigboxir@tritax.co.uk
Media contact:
Kekst CNC
Tom Climie/Guy Bates
Tel: +44 (0) 7760160248/Tel: +44 (0) 7581 056 415
