TIDMEBOX TIDMBOXE
RNS Number : 2260P
Tritax EuroBox PLC
15 October 2021
15 October 2021
GRESB 2021 SURVEY RESULTS
AWARDED 82/100 AND FOUR GREEN STARS FOR OUR STANDING
PORTFOLIO
Acting sustainably and responsibly is fundamental to our ability
to deliver long-term value for our shareholders and other
stakeholders
Tritax EuroBox plc ("Tritax EuroBox" or the "Company") (ticker:
EBOX (Sterling) and BOXE (Euro)), which invests in high-quality,
large, sustainable, prime logistics real estate strategically
located across Continental Europe, is pleased to announce that in
the 2021 survey by GRESB (Global Real Estate Sustainability
Benchmark) released today the Company has been awarded four Green
Stars out of a maximum of five.,
The Company's GRESB 2021 score of 82/100 for its standing
investments shows significant improvement against its 2020 GRESB
survey score of 64/100 and compares very favourably not only
against the 64/100 average score in 2021 for its peer group but
also against the 73/100 GRESB 2021 average score.
The latest GRESB scoring reflects the strong and increasing
focus on ESG by Tritax EuroBox to improve further the ESG
performance and credentials of the Company and its standing and
development portfolio, with progress achieved by delivering
enhanced sustainability initiatives, notably the high proportion of
green building certifications, covering 65% of the portfolio in
2020, and collecting a high proportion of tenant energy consumption
data (89% of the portfolio by floorspace).
The latest GRESB scoring also recognises the embedding and
enhancing of ESG practices into the Company and its fund manager,
from governance policies, ESG risk assessment, tenant, employee and
wider stakeholder engagement, as well as including introducing ESG
acquisition due diligence reports, implementing green leases and a
range of initiatives to improve environmental performance,
including progressing discussions on solar PV installations. The
strong and strengthening tenant engagement also increased this
year's data collection significantly, enabling the Company to
enhance measurement and drive further sustainability improvements
both now and going forward.
Tritax EuroBox is further enhancing its ESG credentials with its
debut EUR500 million five year green bond issuance in May 2021 ,
that will be used by the Company to finance and/or refinance, in
whole or in part, a portfolio of eligible green projects, including
standing assets as well as contributing to the f unding of the
Company's extensive pipeline of new developments and acquisitions
.
The Company's vision for sustainability is to demonstrate
leadership in sustainable logistics real estate, working in
collaboration with stakeholders to create long term positive change
and value. The GRESB 2021 scores demonstrate the Company's
comprehensive commitment to this vision, and the o ngoing
successful implementation of its ESG strategy, with the Company's
new developments and acquisitions expected to be best in class,
sustainable, net zero carbon buildings, and to be certified as
BREEAM "Very Good" or DGNB "Gold" (or equivalent).
Tritax EuroBox is committed to continuing to advance its
business and sustainability programmes to further enhance the
Company's ESG credentials over the short and longer term,
supporting the Company's Sustainability Strategy and Vision to
create a positive environmental and socio-economic impact by 2030,
by focusing on developing and owning large-scale logistics real
estate that delivers net positive impacts over the long term.
Nick Preston, Fund Manager of Tritax EuroBox, commented:
"I am really pleased to note the latest improved GRESB scoring
for the Tritax EuroBox portfolio which underscores our desire to
put ESG at the heart of everything that we do. We remain fully
committed to delivering a positive social, environmental and
economic impact for our occupiers and local communities. Tritax
EuroBox's recent significantly oversubscribed and upscaled GBP213
million fundraise increases our scale, which is expected to enable
us to accelerate our sustainability strategy and deliver our energy
and carbon reduction commitments, enhancing the positioning and
sustainability criteria of our portfolio to deliver further value
to our shareholders and our wider stakeholders sustained over the
long term.
The logistics sector continues to grow with the increasing
demand from market participants for newer, quality, sustainable
warehousing driven by their demand for increased space both for the
re-shoring of operations and to address the long term rise in
e-commerce demands."
Helen Drury, Sustainability Lead for Tritax Group,
commented:
"The latest GRESB scores awarded to Tritax EuroBox underline the
significant progress we are making to enhance the sustainability of
Tritax EuroBox's business and portfolio for the benefit of all our
stakeholders. We remain fully committed to making significant
positive contributions to improving the environmental and social
impact of the logistics real estate and construction sectors with
initiatives and strategies to deliver best in class sustainable
developments that reduce carbon emissions and support energy
efficiency."
For further information please contact:
Tritax Group
+44 (0) 20 8051 5070
Nick Preston
Mehdi Bourassi
Jo Blackshaw (Investor Relations)
Maitland/AMO (Media inquiries)
James Benjamin
+44 (0) 7747 113 930
tritax-maitland@maitland.co.uk
The Company's LEI is: 213800HK59N7H979QU33.
Notes:
Tritax EuroBox plc invests in and manages a well-diversified and
sustainable portfolio of well-located Continental European
logistics real estate assets that are expected to deliver an
attractive capital return and secure income to shareholders. These
assets fulfil key roles in the logistics and distribution
supply-chain focused on the most established logistics markets and
on the major population centres across core Continental European
countries.
Occupier demand for Continental European logistics assets is in
the midst of a major long-term structural change principally driven
by the growth of e-commerce. This is evidenced by technological
advancements, increased automation and supply-chain
optimisation.
The Company's Manager, Tritax Management LLP, has assembled a
full-service European logistics asset management capability
including specialist "on the ground" asset and property managers
with strong market standings in the Continental European logistics
sector.
Sustainability and a culture of responsibility is embedded
across the Company. Acting sustainably and responsibly is
fundamental to our ability to deliver long-term value for
shareholders and other stakeholders. We develop and own logistics
real estate that delivers net positive impacts through cutting
edge, sustainable design, investment and asset management, to
create a positive business, environmental and socio-economic impact
by 2030.
The Company is listed on the premium listing segment of the
Official List of the FCA and was admitted to trading on the main
market for listed securities of the London Stock Exchange in July
2018. The Company is a constituent of the FTSE 250 and FTSE
EPRA/NAREIT indices.
Further information on Tritax EuroBox plc is available at
www.tritaxeurobox.co.uk
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END
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(END) Dow Jones Newswires
October 15, 2021 04:07 ET (08:07 GMT)
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