At a dinner celebrating the 10th anniversary of the Better Buildings Partnership, major property owners made clear their willingness to work collectively to accelerate progress in de-carbonising the UK’s built environment and deliver on the ultimate goal of zero carbon buildings.
The dinner, attended by 18 CEOs, CIOs and Directors from the BBP membership representing over £220bn AUM in the UK, was convened by David Atkins (CEO, Hammerson) and Alan Tripp (Head of UK Business LaSalle). The BBP membership heard a keynote speech from Professor Chris Rapley, Professor of Climate Science at UCL. This highlighted the urgent action required to mitigate climate change and to adapt to the impacts already being seen. Following this, fund managers and property companies discussed the actions that the real estate sector needs to take, highlighting the need for:
Far from climate change being viewed only as a risk, the senior leaders gathered identified this as an opportunity for the sector to create economic activity through the development of resilient low carbon assets, to drive innovation, to attract occupiers and to open up new markets for investment in real estate.
Commenting on the evening, Sarah Ratcliffe, CEO of the Better Buildings Partnership said “On the 10th anniversary of the BBP, it is only right that we ask what progress has been made towards the BBP’s objective of improving the sustainability performance of our members assets. At this important gathering of industry leaders, it is clear that progress is being made, but that incremental advances are no longer sufficient to address the challenge of keeping within 1.5 degrees. BBP members are to be applauded for acknowledging the need for the industry to commit to more challenging targets. We will be working with our members to encourage the collaborative commitments and action that will be required to drive market transformation throughout the real estate market.”
The dinner was attended by 18 CEOs, CIOS and Directors accompanied by 3 sustainability representatives from the following companies: