Tritax Big Box REIT PLC (“the Company” or “Tritax Big Box”), a specialist investor in UK supply chain real assets, has been awarded a GRESB score of 85/100 for the Company’s standing portfolio (2022: 83/100) and maintained its overall four out of five Green Star Rating for the third year. The Company has also retained its EPRA BPR Gold Level Certification for the third year, which rewards companies' ESG disclosures.
The development arm of Tritax Big Box REIT has been awarded the GRESB 2023 Leader for Development in the UK Industrial Sector for the third consecutive year after scoring 99/100 and receiving the maximum of five Green Stars. The development arm has also been awarded Regional Listed Sector Leader and Regional Sector Leader for Europe, as well as Global Listed Sector Leader and Global Sector Leader, all for the Industrial sector. Furthermore, the Company was awarded a full score in the Management criteria, highlighting a strong focus on embedding ESG practices in the Company’s strategic thinking.
Alan Somerville, ESG Director, Tritax Management LLP, commented, “The consistent year-on-year improvement in our GRESB score underscores our commitment to working collaboratively with our stakeholders to create a more sustainable, equitable, and healthier society, while also driving superior long-term outcomes. By embracing ESG principles throughout our investment processes, we ensure that our warehouses are constructed to the highest sustainability standards and meet our clients’ ESG objectives. We are pleased our efforts are again being recognised by two major ESG benchmarks for real estate and infrastructure investments.”
The 2023 GRESB and EPRA scores are a testament to the Company’s continued efforts to implement its ambitious ESG strategy. As of H1 2023, 99% of Tritax Big Box REIT’s portfolio was rated grade A-C compared to 95% at the end of 2021.
The Company is unwavering in its commitment to achieving its goal of generating a positive environmental and socio-economic impact by 2030. We have already demonstrated significant progress in this journey by actively developing and managing net zero carbon buildings that adhere to rigorous green building standards. Additionally, our efforts extend to enhancing natural ecosystems and biodiversity, all while creating meaningful social value through our investments.
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About Tritax Big Box REIT plc
Tritax Big Box REIT plc (ticker: BBOX) is the largest listed investor in high-quality logistics warehouse assets and controls the largest logistics-focused land platform in the UK. Tritax Big Box is committed to delivering attractive and sustainable returns for shareholders by investing in and actively managing existing built investments and land suitable for logistics development. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade tenants on long-term leases with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity provided by the imbalance between strong occupational demand and constrained supply of modern logistics real estate in the UK.
The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies (REIT), is listed on the premium segment of the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices.
