UK retailers and landlords announce greener properties push
UK retailers and property owners have come together to reduce the carbon emissions associated with retail properties.
This is the result of a partnership between various industry bodies, including the British Retail Consortium, British Property Federation and Better Buildings Partnership.
The Retailer/Landlord Net Zero Building Protocol outlines the principles required for Net Zero retail sites.
It covers two main areas: improving the energy efficiency of buildings and supporting greater use of renewable energy (both generation and procurement) within them.
On the former, the protocol calls on property owners and retailers to improve energy efficiency by working collaboratively and investing in improvements such as insulation, and making it easier to share data on energy use.
These agreements are important as they support investment whose financial returns will often stretch beyond the term of a lease.
The protocol also asks retailers and property owners to support greater on-site generation of sustainable energy, explore options for purchasing of renewable energy (to drive cost down) and to consider positively the scope for offsetting carbon emissions through increased on-site biodiversity.
This guide is part of the BRC’s Climate Action Roadmap supported by over 75 retailers, which aims to ensure the retail Industry and its supply chains are Net Zero by 2040.
Nicki Woodhead, Head of Sustainability at WHSmith, says: “The coming together of retailers and property owners in this pioneering protocol is the impetus we need to build a greener property market.”
“Subscribing to these principles will help the retail industry get one step closer to a Net Zero future and we look forward to such principles becoming common practice.”
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