Market Transformation
The change necessary to deliver long-term sustainability requires a fundamental shift in the way businesses operate.
Our Market Transformation workstream aims to facilitate transformative change across the industry through the development and delivery of ambitious industry leading initiatives. Our Market Transformation workstream covers Net Zero Carbon, Climate Resilience and ESG Training. Read on to find out more about what we’ve delivered in these areas.
View our case studies on Market Transformation and Net Zero Carbon.
Market Transformation Workstream
Net Zero Carbon
Our Net Zero Carbon Working Group is Chaired by Andy Haigh at Grosvenor and Ruairi Revell at abrdn.
The Group’s key initiative is the BBP Climate Commitment – a pledge in which signatories commit to being Net Zero Carbon by no later than 2050, to publish net zero carbon pathways and delivery plans, disclose the energy performance of their assets and develop comprehensive climate resilience strategies.
Members of the Working Group include:
- abrdn, Astrea Asset Management, Aviva Investors, Blackstone, BMO Real Estate, British Land, Brockton Everlast, Brookfield Properties, Bruntwood, Cadogan, Canary Wharf Group, Capital & Regional, CBRE GI, CEG, Derwent London, DWS, EDR REIM, Federated Hermes, Frasers Property, GPE, Grosvenor, Helical, IM Properties, Invesco, Landsec, LaSalle Investment Management, Legal & General Investment Management, Lendlease, Logicor, M&G Real Estate, Morgan Stanley Real Assets, Norges Bank, Nuveen Real Estate, Orchard Street Investment Management, PGIM, Picton, Royal London Asset Management, Savills Investment Management, Schroder Real Estate, SEGRO, Shaftesbury, Surrey Research Park, TfL, The Crown Estate, URW, Workspace
Climate Reilience
The Climate Resilience Working Group is chaired by Janine Cole, BBP Chair, from GPE and Shuen Chan, Legal & General Investment Management.
The Group is responsible for developing the BBP’s approach to defining climate resilience, outlining how it is best delivered and - importantly – measured, and how working together BBP members can support each other to evolve best practice.
Find out more about our work in this area on our BBP Climate Commitment Page, where you can also access our Climate Resilience Guide.
Members of the Climate Resilience Working Group include:
- abrdn, Astrea Asset Management, Aviva Investors, Blackstone, BMO Real Estate, British Land, Brockton Everlast, Brookfield Properties, Cadogan, Canary Wharf Group, Capital & Regional, CBRE GI, CEG, Derwent London, DWS, Federated Hermes, Frasers Property, GPE, Grosvenor, Helical, Invesco, Landsec, LaSalle Investment Management, Legal & General Investment Management, Lendlease, Logicor, Low Carbon Workplace, M&G Real Estate, Morgan Stanley Real Assets, Norges Bank, Nuveen Real Estate, Orchard Street Investment Management, PGIM, Royal London Asset Management, Savills Investment Management, Schroder Real Estate, SEGRO, Shaftesbury , Surrey Research Park, TfL, The Crown Estate, Workspace.
ESG Training
The upskilling of real estate professionals to be able to manage ESG issues on their businesses will be a critical enabler of transition to a low carbon commercial building stock.
In June 2021 the BBP began delivery of a major new training course focused on integrating ESG into the property investment management process. The course was developed and funded by Hammerson, La Salle Investment Management, Legal & General Investment Management, Nuveen, Derwent London, GPE, Logicor, Picton, Royal London Asset Management, Savills Investment Management, Brookfield Properties and Workspace, who continue to help oversee its ongoing development.
In response to further demand, in June 2022 we expanded the course to provide a training pathway suited to real estate advisors, with funding and support from members of the Property Advisors' Forum, including allsop, Avison Young, BNP Paribas, Carter Jonas, CBRE, Colliers, Cushman & Wakefield, Deloitte, Gerald Eve, GL Hearn, JLL, Knight Frank, LSH and Savills.