The Better Buildings Partnership has today announced the joining of Canada Life Asset Management (CLAM) to its membership, which now represents 53 property owners and over £300bn AUM.

CLAM manages a diversified portfolio of commercial property assets in the UK – a total value of £2.04 billion AUM. In 2021 CLAM committed to reach net zero carbon (NZC) from the operations of its UK direct property portfolio by 2030, and across all indirect Scope 3 emissions by 2050 or sooner. To find out more, access their net zero carbon roadmap here. 

To support its sustainable transformation, CLAM has a strong governance,  an ESG Oversight Committee Chaired by the Managing Director, and an ESG Working Group, with representation across the business. Alongside this, to manage its ESG impact effectively, CLAM have established an environmental management system aligned to the ISO14001 standard.

The BBP is delighted Canada Life Asset Management have joined the growing number of organisations collaborating to improve the sustainability of commercial buildings. 

Sarah Ratcliffe, CEO, Better Buildings Partnership said: “Canada Life Asset Management have already demonstrated a strong commitment to sustainability across their business activities. We are thrilled to welcome them to the membership and look forward to engaging them in the BBP programme of work alongside their peers, all with the primary aim of improving the sustainability performance of commercial buildings.”

Michael White, Head of UK Property, Canada Life Asset Management said: “We view industry engagement as an important process by which we can enhance the incorporation of ESG into our investment approach and believe climate change risk must be tackled together. We are therefore delighted to join such a long-standing and respected organisation in the Better Buildings Partnership, to provide us with the opportunity to collaborate with its members, including many of our peer group, and look forward to engaging on a wide range of key issues facing the commercial real estate sector in the UK over the years ahead.”