May 15, 2023

05/15/2023 | 02:18am EDT Message : "The Time is Now" - Our Sustainability Statement of Intent Since the original launch of our Sustainability Statement of Intent in 2020, we have made considerable progress, including: A reduction in energy intensity of 32.2% when compared with our 2016 baseline; A reduction in carbon intensity of 66% against our 2016 baseline; 43% of our portfolio now rated as EPC B or above; The allocation of £768K to our decarbonisation fund since its creation in 2021, through our Internal Carbon Price of £95 per tonne; Delivery of our first net zero carbon building at 50 Finsbury Square, EC2; A 62% increase in biodiversity net gain across our portfolio due to the development of Hanover Square, W1 and subsequently delivered a further 8.6% uplift against our re-baselined target; and The creation of £2.4 million of social value. As relevant now as they were when first published, this update reaffirms the four pillars of our approach, with the following revisions: A new approach to climate resilience ensuring that, with our stakeholders, we are focusing on adapting our whole business to the physical impacts of climate change, whilst reducing our carbon emissions and responding to evolving legislation. The integration of measures to improve biodiversity across all four pillars of our strategy, in recognition of the importance of restoring nature as well as the contribution nature can make to climate change mitigation and adaption for our customers and local communities; and Strengthened commitments on the implementation of NABERS UK across both our developments and our existing buildings. Our Brief for Creating Sustainable Spaces Our Brief for Creating Sustainable Spaces replaces our Sustainable Development Brief, first launched in 2018. The Brief now applies to all our spaces whether Ready to Fit, Fitted or Fully Managed. It sets out challenging performance requirements for our supply chain to ensure that we deliver on the commitments in our Sustainability Statement of Intent as we design, construct, fit out and operate our spaces. The Brief has been designed to put our customers at the heart of how we design, deliver and operate our sustainable spaces. Following the delivery of our first net zero carbon building at 50 Finsbury Square, our development at 2 Aldermanbury Square, with an innovative focus on climate resilience and the circular economy, is proceeding at pace. We look forward to collaborating with our design teams and supply chain partners to meet our targets, and deliver the sustainable, climate resilient spaces that our customers rightly expect. Attachments