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Our purpose is to deliver sustainable logistics solutions that create compelling opportunities for our stakeholders and provide our customers with the space to succeed.

We recognise the importance of sustainability to our customers, shareholders and the communities around our assets. We also believe that a rigorous focus on sustainability will ensure our long-term viability and commercial success, by helping us to make sound decisions in the interests of all our stakeholders.

During 2020, we set out a long-term strategy to deliver a positive sustainability impact.

Helen Drury Sustainability Lead

Helen joined Tritax in 2019 to lead the Group's sustainability function and is responsible for all aspects of sustainability and ESG, including strategy, implmenetation, reporting and stakeholder engagement.

Creating a positive impact by 2030

Sustainability and a culture of responsibility is embedded across the Group. Acting sustainably and responsibly is fundamental to our ability to deliver long-term value for shareholders and other stakeholders. We develop and own logistics real estate that delivers net positive impacts through cutting edge, sustainable design, investment and asset management, to create a positive environmental and socio-economic impact by 2030.

We are committed to creating a net positive impact through our activities, driving social, environmental, and economic value for our shareholders and wider stakeholders. We are working towards this ambition by developing and managing net zero carbon buildings with high green building standards, enhancing nature and biodiversity, and creating social value through our investment.

We recognise that we cannot achieve this alone and we seek to collaborate with our stakeholders to achieve our ambition. For Tritax Big Box this means developing and upgrading logistics assets to meet high sustainability standards, defined in line with industry standards, such as BREEAM, RICS, and the UN Sustainable Development Goals (SDGs), and engaging with our industry peers to further sustainability in logistics.

Learn more about our approach to sustainable logistics real estate.

Focusing on where we can make the greatest difference

We have identified four sustainability goals that enable us to make the greatest impact. These goals enable us to mitigate significant ESG risks and capitalise on opportunities to create sustainable, long-term value. These goals include short- and medium-term targets and metrics to measure impact. These initial targets are set to be achieved by 2023 from a 2020 baseline.

We recognise we cannot achieve these goals alone; collaboration is key. As the landlord and owner of one of the largest logistics portfolios throughout the UK, we have a significant role as a facilitator of sustainable operations. Although we do not have direct operational control of our assets, where we can, we bring interested parties together to deliver sustainability solutions. Our focus is to initiate, facilitate, partner and encourage our stakeholders to achieve collective sustainability goals.

Mission Positive's Four Sustainability Goals

Goal 1

Healthy and sustainable buildings

To ensure and demonstrate the sustainability credentials of our assets. Aligning to UN SDG Sustainable Cities and Communities.

Why this is important
Ensuring high standards for the buildings within our portfolio is key to being able to demonstrate the sustainability of our assets to a broad range of stakeholders.

Our objectives:

  • Ensure our investments align with ESG investment principles.
  • Achieve leading in ESG ratings, benchmarks and building certifications.
  • Pursue green leases with our customers.
  • Demonstrate leadership and share best practice with our stakeholders.

Our 2023 targets

  • Ensure any new acquisitions and investments align with ESG investment principles.
  • Improve GRESB score to three Green Stars and demonstrate leadership in ESG ratings.
  • Implement green leases on all new leases, where customers cooperate.
  • Provide recommendation reports to tenants, and to provide sustainable operations guides.
  • Work with industry peers and experts to further sustainability in the sector.
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Goal 2

Energy and carbon

To achieve net-zero carbon across our direct operations. Aligning to SDG UN SDG 13 Climate Action.

Why this is important
With the built environment responsible for a significant proportion of global carbon emissions, we have a responsibility to seek to reduce the carbon emissions from our portfolio.
Our objectives:
  • Maintain net zero carbon for direct operations.
  • Develop new assets to be net zero carbon to the point of practical completion.
  • Improve energy efficiency to achieve 100% A-C Grade EPCs.
  • Promote onsite renewable energy for the benefit of our tenants (with a target to generate 13,900 kWp).
  • Ensure top three priority assets have climate resilience plans.

Our 2023 targets

  • Maintain net zero carbon for Scope 1 and 2 GHG emissions.
  • Measure indirect Scope 3 emissions.
  • Identify the products and processes that remove carbon from construction and pilot net zero carbon in construction.
  • Improve EPCs to 100% A-C Grade.
  • Install renewable energy generation projects to generate at least 20MW.
  • Ensure top three priority assets have climate resilience plans in place.
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Goal 3

Nature and wellbeing

To enhance biodiversity on our land and ensure wellbeing of our stakeholders. Aligning to UN SDG 15 Life on Land.

Why this is important
Biodiversity loss has accelerated to an unprecedented level. In Europe, some 42% of European mammals are endangered, together with 15% of birds and 45% of butterflies and reptiles.  With a large land holding in the UK and Continental Europe we have the opportunity to enhance biodiversity, and wellbeing from community interaction with nature to ensure we create a net positive benefit.

Our objectives

  • Install measures that support and enhance biodiversity in our construction.
  • Enhance the biodiversity on our existing land
  • Work with our stakeholders to support the local environment for the communities near our assets

Our 2023 targets

  • Pilot 15% Biodiversity Net Gain (BNG) on new developments.
  • Implement biodiversity enhancements on 11 assets with no measures in place.
  • Set up Green Gyms with The Conservation Volunteers for the benefit of our customers and communities.
Biodiversity
Goal 4

Social Value

To create and measure social value through our investment. Aligning to UN SDG 8 Decent Work and Economic Growth.

Why this is important
As one of the largest investors in logistics space we have the opportunity to ensure that our investments create social value through employment and skills, local procurement, and supporting healthy and connected communities.

Our objectives

  • Measure social value to demonstrate impact of our investment
  • Support apprenticeships and employability in construction
  • Invest in our communities
  • Support our charitable partner Schoolreaders with funding until 2023

Our 2023 targets

  • Measure social value to demonstrate impact of our investment.
  • Support apprenticeships and employability in construction.
  • Set up a Community Benefit Fund for all new developments.
  • Support Schoolreaders until 2023.
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Meeting high standards
Integrating sustainability across all our activities
A responsible approach
Implementing sound governance