Scroll to the top
More Websites

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.

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.

Our goals and targets

Goal 1
Sustainable buildings
Goal 2
Net zero carbon
Goal 3
Nature and wellbeing
Goal 4
Social value
Our aim is to ensure and demonstrate the sustainability, resilience and safety of our assets
Why is this 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. Aligning to the UN SDG 11 Sustainable Cities and Communities.

SDG11

 

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
  • Ensure all assets in portfolio have green building certifications, demonstrating their sustainable design and operational standards
  • Demonstrate leadership and share best practice with our stakeholders, supporting tenants and embedding our ESG standards with partners

2023 Targets

Achieved
On target
Off target
Target Progress
Ensure all acquisitions and standing investments align with ESG investment principles and align with ESG investment principles; and use Green FInance to support sustainable growth for the Fund
Acheieve 3 Green Stars in GRESB
Implement green leases on new leases by 2023
All new acquisitions to have or acheive a minimum of BREEAM Very Good
To achieve net-zero carbon across our direct operations
Why is this 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. We aim to achieve net zero carbon by 2026 and be climate positive by 2030. Aligning to UN SDG 13, Climate Action.

SDG13

Our objectives
  • Ensure all direct emissions are net zero carbon
  • Ensure all assets achieve a minimum of EPC Grade C and a minimum of B by 2030
  • Install all feasible onsite renerable energy generation opportunities
  • Develop forward funded assets to net zero carbon
  • Facilitate low carbon operations in line with 1.5C warming pathways
  • Align with TCFD recommendations; and ensure assets are resilient to physical climate change risk

2023 Targets

Achieved
On target
Off target
Target Progress
Switch landlord energy supplies to renewable energy to reduce market-based emissions to net zero carbon
Ensure all assets have LED lighting, BMS and other releant energy efficient technologies to acheieve best practice performance
Install solar PV on assets with the highest feasibility
Pilot and establish a net zero carbon design specification for new developments and acheieve an embodied carbon reduction of 40%
Assess the assets that need investment to achieve 1.5C warming pathways and develop action plans to retrofit assets
Fully report against TCFD recommendations and create climate mitigation plans for at risk assets
To enhance biodiversity on our land and ensure the wellbeing of our stakeholders
Why is this important?

To enhance biodiversity on our land and ensure wellbeing of our stakeholders. 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 continental Europe we have the opportunity to enhance biodiversity and wellbeing from community interaction with nature to ensure we create a net positive benefit. Aligning to UN SDG 15 Life on Land.

Our objectives
  • Enhance biodiversity in the locations of our assets - incorporate green space, bee hives and pollinating meadows 
  • Include occupier wellbeing initiatives
  • Consider sustainable transport (EV, cycling, walkability)

2023 Targets

Achieved
On target
Off target
Target Progress
Implement 11 biodiversity improvements
Support two Green Gyms
To create and measure social value through our investment
Why is this 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. Aligning to UN SDG 8 Decent Work and Economic Growth.

 

Our objectives
  • Drive social value through our investment in logistics
  • Support the local communities around new developments and standing developments

2023 Targets

Achieved
On target
Off target
Target Progress
Support skills and employment in construction achieved through partnerships with University Technology Colleges
Set up a local benefit fund to support the communities where we forward fund new developments
Meeting high standards
Integrating sustainability across all our activities
A responsible approach
Implementing sound governance