Carrot tapped by Legal and General real estate investment portfolio for waste management project

Legal & General’s (L&G’s) real estate investment portfolio has appointed Carrot, a Norwegian software provider specialising in occupier level waste management solutions.

Carrot's software will be utilised across applicable properties within L&G’s UK investment real estate portfolio, which includes offices, industrial estates, retail parks, shopping centres, and large residential developments.

L&G’s work with the company will involve a phased roll-out of the technology across multi-let offices, industrial estates, shopping centres, and build-to-rent developments.

Carrot will also be integrated into Vizta, L&G’s digital platform for businesses which gives access to real-time property management and sustainability data. Vizta is aimed at the people or teams responsible for managing leased property within occupier organisations and covers over 4,000 leases and 700 properties within L&G’s investment portfolio.

Mark Tyson, Head of Asset Services, Real Estate at LGIM, comments: “Real estate owners and operators must build stronger relationships with their occupiers to educate and drive action; the way buildings are used plays a pivotal role in net zero, and therefore, greater collaboration is fundamental to effect change.”

“Working together with Carrot, encompassing Vizta to share and highlight opportunities to reduce waste, allows us to support our occupiers more closely in a complex area.”

“In a world where sustainability is becoming increasingly critical, waste management has often lagged behind, remaining 'out of sight and out of mind',” says Tore Totland, Founder and CEO at Carrot.

“Working with Legal & General, one of the UK's largest and most forward thinking asset managers, is a powerful step toward changing that mindset. By integrating our waste data solutions across their extensive property investment portfolio, we are not only helping to reduce carbon footprints but also empowering businesses to see waste as a valuable resource rather than a problem to be discarded.”

“This collaboration is a game-changer for the circular economy, providing precise, real-time data that ensures resources retain their value longer, creating a cleaner, more sustainable world. With Carrot, we bridge the gap between data and action, turning sustainability ambitions into measurable, impactful outcomes.”

2024 RTIH INNOVATION AWARDS

Waste management is a key focus area for the sixth edition of the RTIH Innovation Awards, which is now open for entries.

The awards, sponsored by CADS, 3D Cloud, Brightpearl by Sage’s Lightning 50, and Retail Technology Show 2025, celebrate global tech innovation in a fast moving omnichannel world.

Key 2024 dates

Friday, 25th October: Award entry deadline 

Tuesday, 29th October: 2024 shortlist revealed

30th October-6th November: Judging days

Thursday, 21st November: Winners announced at the 2024 RTIH Innovation Awards ceremony, to be held at RIBA’s 66 Portland Place HQ in Central London.