DTZ Investors UK joins Better Buildings Partnership’s Climate Commitment as 34th Signatory

30/06/2022

Tags: Net Zero News

DTZ Investors UK (DTZI) has become the latest organisation to join the Better Buildings Partnership’s (BBP) groundbreaking Climate Commitment after publishing their Net Zero Pathway. DTZI is the fifth organisation to sign up to the commitment in 2022, and the third signatory outside the BBP membership. The commitment now represents over £380bn combined AUM and over 11,000 properties globally. 

DTZI manages £5bn of real estate assets on a full discretionary basis and has set an ambitious target to achieve Net Zero by 2040 for all discretionary assets under management. Their Net Zero Carbon Pathway (a requirement of the BBP Climate Commitment) sets out an approach to delivering net zero through four key pillars: leadership and governance, investment process and implementation, stakeholder engagement and benchmarking. In addition, DTZI has set out specific interim targets and plans to publicly disclose its performance on an annual basis, in line with the BBP Climate Commitment signatory requirements. The DTZI Responsible Investment strategy can be found here

The BBP Climate Commitment was launched in 2019 and requires signatories to publish net zero carbon pathways and delivery plans, disclose the energy performance of their assets and develop comprehensive climate resilience strategies. To support signatories, the BBP published a Net Zero Carbon Pathway Framework, and has an ongoing programme of work to help its members on their journey to Net Zero Carbon.

The BBP encourages all property owners to establish Net Zero Carbon Pathways and become signatories to the Commitment.

Adam Smith, Climate Change Lead, Better Buildings Partnership, said: “It is fantastic to see DTZ Investors become a signatory to the BBP Climate Commitment - the third organisation outside the BBP membership to do so. The Climate Commitment was designed to deliver market transformation and we are delighted to see the Commitment and our supporting businesses across the industry. DTZI’s Pathway provides a clear outline for how they will deliver on their ambition to become a net zero carbon business by 2040 for all of their discretionarily managed investment portfolios.”

Chris Cooper, Chief Executive, DTZ Investors UK said: “We recognise that as an organisation, we have a key role to play in supporting our clients, as well as our sector, in achieving net-zero carbon. In 2021, we committed to the ambitious target of achieving net zero by 2040 for discretionary assets under management. As a key step in that journey have now published our pathway document on how we will achieve our targets, using our eight-step plan that combines effective governance and leadership with a comprehensive implementation programme and public disclosure. This is all part of our strategy to have a positive impact Beyond the Four Walls of our Real Estate. We are happy now to be able to become a signatory of the BBP’s Climate Commitment. By joining together with other organisations that share our ambitions, we can develop best practices and maximise change within our industry.”  

Note to Editors

The BBP 

The Better Buildings Partnership (BBP) is a not-for-profit collaboration of the UK’s leading property owners who are working together to improve the sustainability of the UK’s existing commercial buildings. The organisation's aim is to deliver market transformation through sustainability leadership and knowledge sharing across the UK property industry. The BBP currently has 48 members who represent more than £275bn Assets Under Management (AUM). 

BBP Climate Commitment 

Signatories of the BBP Climate Change Commitment include abrdn, Aviva Investors Real Estate, British Land, Bruntwood, Cadogan, Canary Wharf Group, DWS, Derwent London, DTZ Investors UK, Federated Hermes, Frasers Property, GPE, Grosvenor Britain & Ireland, Grosvenor Europe, Hammerson plc, Helical plc, Hibernia REIT, Landsec, LaSalle Investment Management, LGIM Real Assets, Lendlease Europe, Low Carbon Workplace, M&G Real Estate, Nuveen Real Estate, NewRiver REIT, Orchard Street Investment Management, Picton, Royal London Asset Management, Savills Investment Management, Schroder Real Estate Investment Management, Shaftesbury, SEGRO, Transport for London, The Crown Estate and Workspace Group plc.