We demonstrate continued strong progress in what we are delivering, which is reflected by our track record of performance in Environmental, Social and Governance (ESG) benchmarks.
ESG benchmarks
GRESB Real Estate Assessment – Developments
- 2023: 5 star rating. Global Sector Leader. Score 99%
- 2022: 5 star rating. Global Sector Leader. Score 97%
- 2021: 5 star rating. Score 95%
GRESB Real Estate Assessment – Standing investments
- 2023: 5 star rating. European Sector Leader. Score 89%
- 2022: 4 star rating. Score 85%
- 2021: 5 star rating. Score 87%
EPRA European Sustainability Reporting Awards
- 2023: Gold Award
- 2022: Gold Award
- 2021: Gold Award
We have received EPRA Gold Awards 12 years running.
MSCI ESG Rating
- 2023: AAA ESG Rating
- 2022: AAA ESG Rating
- 2021: AAA ESG Rating
We have been AAA rated eight years running.
Sustainalytics ESG Risk Ratings
- 2023: 9.4 score. Negligible risk
- 2022: 9.2 score. Negligible risk
- 2021: 8.2 score. Negligible risk
Social Mobility Foundation Employer Index
- 2023 56th overall
- 2022: 16th overall. Top property company
- 2021: 61st overall
We have been ranked in the Top 75 employers six years running.
FTSE4Good Index
- 2023: Top 87th percentile
- 2022: Top 88th percentile
- 2021: Top 81st percentile
We have been listed on FTSE4Good since 2002.
ISS ESG Corporate Rating
- 2023: B- score. Prime status
- 2022: B- score. Prime status
- 2021: B- score. Prime status
Sustainability leadership indicators
In FY23 we continued to make good progress against our 2030 targets. We achieved Sector Leader status for our GRESB Development response and increased the proportion of our assets with A or B EPC ratings by 9%.
Indices
|
2030 Strategy Indicator |
2030 Target |
FY23 Performance |
|---|---|---|
|
GRESB (Standing Investments) 5-star rating |
5-star |
4-star |
|
GRESB (Developments) 5-star rating |
5-star |
5-star (Global Sector Leader) |
Green building
|
2030 Strategy Indicator |
2030 Target |
FY23 Performance |
|---|---|---|
|
Developments on track to achieve BREEAM Outstanding (Offices); Excellent (Retail); Home Quality Mark (Residential) minimum 3*3 |
100% |
70% |
|
BREEAM-certified standing assets - all ratings (design and/or operational BREEAM certificate) |
- |
48% |
|
BREEAM-certified standing assets - rated Very Good or higher4 (design and/or operational BREEAM certificate) |
50% by 2025 |
33% |
Energy ratings
|
2030 Strategy Indicator |
2030 Target |
FY23 Performance |
|---|---|---|
|
Proportion of units with EPCs rated A or B across Assets Under Management |
- |
45% |
Water
|
2030 Strategy Indicator |
2030 Target |
FY23 Performance |
|---|---|---|
|
5% reduction in operational water consumption vs 2020 |
5% by 2025 |
5% |
Materials and waste
|
2030 Strategy Indicator |
2030 Target |
FY23 Performance |
|---|---|---|
|
Operational waste from managed assets that is re-used, composted or recycled |
Offices: 80% Retail: 70% |
74% 58% |
|
Development and operational waste diverted from landfill |
- |
99% |
Biodiversity
|
2030 Strategy Indicator |
2030 Target |
FY23 Performance |
|---|---|---|
|
New construction and major renovation projects designed to achieve a 10% net gain in biodiversity |
100% |
On track |
|
% of managed assets with Biodiversity Action Plans |
100% |
41% |
Resilience
|
2030 Strategy Indicator |
2030 Target |
FY23 Performance |
|---|---|---|
|
% of managed assets and major developments which have undergone a flood risk assessment |
100% |
100% |
1 GRESB® and the related logo are trademarks owned by GRESB BV and are used with permission.
2 The use by British Land Company PLC of any MSCI ESG Research LLC data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement or promotion of British Land by MSCI or any of its affiliates. MSCI services and data are the property of MSCI or its information providers. MSCI and MSCI ESG Research names and logos are trademarks or service marks of MSCI or its affiliates.
3 From 2021, the 2030 strategy upgraded our BREEAM targets to Outstanding for Offices (from Excellent) and Excellent for Retail (from Very Good).
4 Excludes Residential.
