British Land · Physical Exposure and Transition
Portfolio overview
8 sites · 2 countriesLocations
Dependant transition pathways
Cement & Steel
Scope 3 · cat 2Embodied carbon in new build and major refurbishment. Concrete and steel decarbonisation pace caps how fast REITs can reduce dev-pipeline emissions.
Source: GCCA Net Zero Roadmap, ResponsibleSteel, IEA NZE Industry
Sector-generic framing shown above — company-specific exposure narrative pending.
HVAC & Heat Pumps
Scope 1 + Scope 3 · cat 13Direct heating and cooling — moving from gas boilers to heat pumps cuts both Scope 1 (landlord) and Scope 3 cat 13 (tenant). Equipment supply chain is the rate-limiter.
Source: IEA Future of Heat Pumps, IEA NZE Buildings
Sector-generic framing shown above — company-specific exposure narrative pending.
Building envelope retrofit
Scope 1 + Scope 3 · cat 13Insulation, glazing, airtightness improvements cut heating load before electrification even starts. Without envelope retrofit, heat-pump conversions undersize or underperform. Retrofit-supply-chain depth (insulation, glazers, MEP installers) caps the achievable refurb rate.
Source: IEA NZE Buildings, SBTi Buildings 1.5°C
Sector-generic framing shown above — company-specific exposure narrative pending.
Tenant engagement & smart-building tech
Scope 3 · cat 13Landlord can install the kit; tenant behaviour + monitoring determines whether it gets used as designed. Smart-meter, sub-metering and post-occupancy-evaluation deployment rates govern realised vs designed performance.
Sector-generic framing shown above — company-specific exposure narrative pending.