The Better Buildings Partnership sees its membership grow to 32 organisations with the addition of real estate investment trust (REIT) Derwent London.
Derwent owns approximately £5.4bn in commercial real estate, predominately located in Central London. They are one of the five key businesses partnering with the Mayor of London on clean energy and have joined RE100, committing to 100% renewable power by 2050 at the latest.
Derwent has also already signed the BBP Climate Change Commitment, bringing that number to 24 members.
Derwent London’s Head of Sustainability, John Davies, commented: “Derwent London has been at the forefront of pushing for the highest sustainability standards for many years, as demonstrated by our exemplary projects such as White Collar Factory EC1.”
In October 2019, Derwent London became the first UK REIT to sign a Green Revolving Credit Facility. The company has also launched a Green Finance Framework. Derwent London are a publicly listed company.
“As a leading property investor, we recognise our responsibility to reduce energy and carbon emissions and are developing ambitious plans in this regard. We are pleased to be part of the industry’s collective commitment on climate change via the Better Buildings Partnership,” said John Davies.
For more information about Derwent London’s approach, see here.