Tritax Big Box REIT plc (“the Company” or “Tritax Big Box”) a specialist investor in large-scale UK supply chain real assets, today announced that it has been awarded four stars by GRESB, the global ESG benchmark for real estate and infrastructure. The Company achieved a GRESB score of 83/100 for its standing portfolio, above the peer group average of 79 and an improvement on the Company’s 2021 GRESB score of 81. Notably, the Company achieved the maximum score for the criteria of Leadership, Policies, Reporting, Risk Management and Stakeholder Engagement.
In addition, the Company has been awarded the GRESB 2022 Leader for Development in the European and Global Industrial Sectors for the second consecutive year after scoring 99/100 and receiving the maximum five-star rating. The Company has delivered new buildings to best-in-class ESG standards, with EPC ratings of A and BREEAM classifications of “Very Good” or higher in line with our net zero carbon targets.
Recently, Tritax Big Box also retained its EPRA Gold Level certification and was named as one of only nine companies achieving the most improved award for its 30% year-on-year performance.
Colin Godfrey, CEO of Tritax Big Box REIT, commented: “We are delighted with the year-on-year increases in our GRESB score since 2019 and being recognised as the leader for development, with this and the EPRA Gold Award showing the progress we are making executing our sustainability programme. ESG is central to our strategy and we will continue to work with our customers and other stakeholders to drive further improvements in this important area. We believe that assets with the highest ESG performance will create additional value for our shareholders, as well as better meet the needs of our customers and deliver a positive impact on the communities in which we operate.”
Alan Somerville, Director of ESG, Tritax Management LLP, added: “Our GRESB score and EPRA awards reflect our ambitious ESG programme, which is underpinned by meaningful targets set across both asset management and development management activities. At Tritax Big Box REIT, this includes significant efforts to help customers to fulfil their net zero carbon ambitions and deliver new buildings to the highest sustainability and wellbeing standards.”
ESG is fundamental to the Company’s strategy and integrated throughout its investment process and operations. The Company focuses on four key priorities, aligned with the United Nations’ Sustainable Development Goals (SDG), where it believes it can make the greatest difference: sustainable buildings (aligned with SDG 11), climate and carbon (aligned with SDG 13), nature and wellbeing (aligned with SDG 15), and social value (aligned with SDG 8).
The Company has made significant progress with its ESG programme over the last twelve months, including further expanding renewable energy initiatives like solar; improving the EPC ratings of its assets; collaborating with customers to obtain emissions data to advance net zero carbon plans; and further developing net zero carbon in construction knowledge and methods.
To discover more about Tritax Big Box REIT’s ESG activities, visit www.tritaxbigbox.co.uk/sustainability.
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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 seeks to exploit the significant opportunity provided by the imbalance between strong occupational demand and constrained supply of modern logistics real estate in 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 (Ticker: BBOX) 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
+44 (0) 20 8051 5057
Neil Maitland/Tom Climie
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