Pioneering change through sustainable supply chains

We believe that through close collaboration we can deliver a cleaner, healthier and more equitable society that helps deliver long-term value for all our stakeholders.

Robust ESG performance is important to who we are and what we represent; it is embedded in every aspect of our approach. It runs through our investment processes; the way we construct and upgrade our buildings to the highest standards; and in the way we govern and run our business. Being responsible, with rigorous ESG risk management processes, means we can make informed decisions to help benefit our internal and external stakeholders.

With this in mind, our ambitious ESG strategy is centred around four key priority areas which we believe are the most material to our business and our stakeholders. These key priorities support our aims to drive social, environmental and economic value for our customers, partners, investors and wider society.

Our four priorities are aligned with the most relevant UN Sustainable Development Goals and are measured against meaningful targets so we can track our progress and be held accountable.

Four key priorities delivering real impact:

Priority 1:

Sustainable buildings

To ensure and demonstrate that our ESG strategy and performance criteria fundamentally underpin the investment philosophy of the Company

Aligning to UN SDG 11 and SDG 9

SDG 9

Why this is important:

Ensuring high standards for the buildings within our portfolio is key to being able to demonstrate the sustainability of our assets to a broad range of stakeholders.

Our 2023 targets:

100% of all asset due diligence uses Tritax ESG due diligence framework
Produce and implement low-carbon baseline development specification on all new projects

Priority 2:

Climate and carbon

To ensure that our portfolio and our assets are net zero carbon

Aligning to UN SDG 13

Why this is important:

With the built environment responsible for a significant proportion of global carbon emissions, we have a responsibility to seek to reduce the carbon emissions from our portfolio. We aim to achieve net zero carbon by 2026 and be climate positive by 2030.

Our 2023 targets

Produce and disclose updated net zero carbon pathway:
- Scope 1 and scope 2 – 2025
- Scope 3 (construction) – 2030
- Scope 3 (remainder of material emissions) – 2040
Integrate physical climate risk mitigation across asset lifecycle

Priority 3:

Nature and wellbeing

To ensure that our portfolio has a positive impact on our climate and the natural world

Aligning to UN SDG 15

Why this is important:

Biodiversity loss has accelerated to an unprecedented level. In Europe, some 42% of European mammals are endangered, together with 15% of birds and 45% of butterflies and reptiles. With a large land holding in the UK and Continental Europe we have the opportunity to enhance biodiversity and wellbeing from community interaction with nature to ensure we create a net positive benefit.

Our 2023 targets:

Year-on-year annual increase in biodiversity for standing assets
Year-on-year increased provision of wellbeing enhancements to developments and standing assets

Priority 4

Social value

To ensure that the social value which our portfolio delivers makes a meaningful difference to people and communities across all our geographies

Aligning to UN SDG 8

Why this is important:

As one of the largest investors in logistics space we have the opportunity to ensure that our investments create social value through employment and skills, local procurement and supporting healthy and connected communities.

Our 2023 targets:

Publish community investment structure
Further integrate ESG criteria into supply chain procurement processes – upstream and downstream
Continue support for key fund charity

We are working towards these priorities by developing supply chain real assets, using cutting edge, sustainable design, coupled with responsible investment and asset management. As standard practice all of the assets our funds develop and upgrade meet high sustainability standards, defined in line with industry standards, such as BREEAM and RICS.

Who we are

Collaboration is key to enhancing the sustainability of our logistics portfolios.

Alan Somerville ESG Director

Meet our ESG Director

News Continued progress delivering ESG strategy across all Tritax funds

News Tritax and Prologis join forces to inspire others on social value

Collaboration is key

We recognise that we cannot achieve our ambitions alone; collaboration is key. As the manager of one of the largest logistics portfolios throughout the UK and continental Europe, we work with our customers from the outset to understand their requirements and, using our expertise in the supply chain alongside our detailed market insights, suggest forward-looking solutions that will facilitate their short and longer-term sustainable operations. Whilst we do not have direct operational control of our assets, where we can, we seek to deliver sustainability solutions for our customers, partners and wider society.