British Land sets targets to cut greenhouse gases

By Tom Lowe2021-03-26T06:00:00

Canada Water developer says carbon levies will fund retrofitting work across estate

British Land has said it will place levies on new developments to fund retrofitting work on its existing built assets as part of a new drive to cut carbon emissions.

The Cheesegrater developer said that every tonne of embodied carbon it produces this year until 2030 will trigger an additional £60 payment, which will be used to provide capital for energy efficiency improvements to its existing stock. A proportion of the funds will also be used to buy “certified offsets”.

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