The Better Buildings Partnership (BBP) is pleased to announce the release of a new publication to assist organisations in navigating the procurement of high-integrity carbon credits, to offset residual emissions as the final step in the carbon mitigation hierarchy.

Developed by BBP’s Net Zero Carbon Working Group, consisting of BBP and Managing Agents Partnership (MAP) members, this resource provides a structured approach to procurement decisions. Tailored to commercial property owners, the guide offers clear, actionable steps that align with evolving best practice, investor expectations and long-term sustainability goals.

The guide, available to download now on the BBP and MAP websites, details how to support members to develop a carbon credit procurement specification aligned with sustainability goals, conduct due diligence on brokers and suppliers, evaluate carbon credit projects with consistent criteria, and embed risk management and integrity checks into procurement. 

The BBP celebrated the launch of the guide through a deep dive webinar on Monday, November 10th 2025, which began with an introduction by Katharine Thorogood (L&G) and Emma Williamson (M&G Real Estate), co-chairs of the working group. It then covered the guide’s creation, purpose, audience, and content, including carbon credits and the multi-step procurement process. Climate Impact Partners, who pilot tested the guidance, shared their experiences sourcing and supplying carbon credits for commercial real estate clients. The event concluded with a Q&A.

This guide marks a milestone in BBP's aim to improve the sustainability of commercial real estate, aligning with the BBP’s 2030 Vision to support members in delivering, verifying, and reporting ambitious carbon emissions reductions across their portfolios on the path to net zero.

The BBP invites stakeholders to share feedback to ensure the guidance is practical, effective, and aligned with industry needs. For more information or to submit feedback, please contact Adam Baranowski at a.baranowski@betterbuildingspartnership.co.uk. 

The BBP would like to thank all members of the working group for their dedicated work on this guidance, including Aberdeen, British Land, Canary Wharf Group, Colliers, Cushman & Wakefield, Shaftesbury Capital, GPE, Grosvenor, Helical, L&G, M&G Real Estate, Morgan Stanley IM, Places for London, Royal London Asset Management, Tritax.

Adam Baranowski, Head of Climate Action & Investment, BBP: "The voluntary carbon markets can be opaque, complex and confusing to navigate. This represents a risk to property owners seeking high quality offsets to address the final mitigation step on their journey to net zero carbon, or to deliver sustainable development benefits. This guide breaks the process down clearly, offering a step-by-step process on how to scrutinise carbon credit projects and suppliers, however large or small the transaction. Our hope is that this will deliver greater quality and consistency in the market– and importantly bring the needs and services of buyers and vendors closer together.”

Katharine Thorogood, Senior Responsible Investment Strategist, L&G, and Co-Chair of the Net Zero Carbon Working Group, and Emma Williamson, Director – Net Zero Investment Lead, M&G Real Estate, and Co-Chair of the Net Zero Carbon Working Group: “It’s been a privilege to work with industry peers in developing this guide. Aligned with industry standards, it offers straightforward, actionable guidance to help real estate professionals navigate carbon credit procurement with greater confidence, transparency, and consistency. We believe this will help strengthen market integrity, foster trust, and ultimately support real estate’s journey to net zero.”