Frasers Property, owners of Chineham Park in Basingstoke is delighted to have been awarded for the second year in a row the highly coveted 4* rating in the GRESB (Global Real Estate Sustainability Benchmark) rankings.
In further recognition of the company’s credentials in environmental sustainability and its commitment to reducing its carbon footprint across its property portfolio, FPUK was awarded an overall score of 83 – well ahead of the average score in its peer group (69). This puts it top of its peer group once more on all matters related to Environment, Social and Governance (ESG). Frasers Property UK scored 100% in the Management category, a first for the company.
Each year, GRESB assesses and benchmarks the ESG performance of real estate assets worldwide, providing valuable independent insight for financial markets on the complex issue of sustainability.
Commenting as the results were announced, Frasers Property UK Senior Sustainability Manager, Amira Hashemi, said: “FPUK’s GRESB rating and our above-average overall score demonstrate our strong and ongoing commitment to improving the governance and performance of our portfolio across the UK, in line with global initiatives to decrease carbon emissions as we all work towards achieving net zero carbon.
Commercial Director at Frasers Property UK, James Smith added: “We are delighted that GRESB has recognised our continued improvement of environmental performance across the portfolio.”
The rating is an important and independent way for companies to demonstrate their progress and commitment to decarbonising the built environment.
This year marks a significant milestone in FPUK’s sustainability journey, which is due to complete its transformation of the former London Metropolitan School of Art, now known as The Rowe, on the City Fringe in London. The new building will establish an increased total footprint of 162,000 sq. ft. of modern workspace and over 17,000 sq. ft. of outdoor terraces, with outdoor space on each floor. – Through retaining the existing façade and implementing sustainable construction principles, the embodied carbon within The Rowe is c.15% less than an average office development.
Running on 100% renewable energy, The Rowe is now a modern, sustainable work environment that pays homage to the building’s artistic and cultural heritage.