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London, 5th September 2013 - The second European Public Real Estate Association (EPRA) Sustainability BPR Awards has seen a significant improvement in sustainability reporting among property companies in 2013.
At this year’s EPRA Conference in Paris on Thursday 5th September, twenty three listed property companies were judged to have the best compliance with EPRA Sustainability Best Practice Recommendations (sBPR) which have been put in place to help property companies produce comparable and best-in-class annual sustainability reports that measure sustainability performance. This is a positive sign that the sBPR are being adopted given only fifteen companies received an award last year.
Eight companies received the highest Gold award in 2013, namely: British Land Company, Citycon, Derwent London, Hammerson, Icade, Klepierre, Segro, Unibail-Rodamco. A further seven companies received silver and eight received bronze awards.
Eighty-six companies were reviewed by Jones Lang LaSalle to check compliance with EPRA Sustainability Best Practice Recommendations (sBPR).
This year’s results show that seven companies disclosed sustainability performance publicly for the first time, bringing the total number now adopting the EPRA sBPR to half of the eighty-six companies in the EPRA Index.
Gareth Lewis, Finance Director of EPRA said: “Although we must not be complacent, we are hugely encouraged by the speed at which listed property companies have embraced the EPRA BPR. In a short period of 2 years, the BPR have gained critical mass and have clearly had a positive impact on the quality of reporting across Europe. Consistent and transparent reporting of environmental performance is the first step towards improvement in environmental performance itself. Once again, the listed property sector has shown that it is leading the charge in driving up standards of reporting across the broader property sector by being responsive to the needs of the investment community. “
Matthew Tippett, Director of Jones Lang LaSalle’s Sustainability Services said: “Now in its second year, the EPRA sustainability awards have helped companies that already report to do so in a more consistent way and also encouraged others to start reporting. Crucially, investors can see for themselves which companies are getting better, and worse, in terms of their sustainability performance.”
The review was performed by sustainability reporting specialists within Jones Lang LaSalle’s Sustainability team between June and August 2013. The team have unrivalled knowledge of the EPRA sBPR and were instrumental in helping EPRA develop the guidelines in consultation with its members in 2010/2011 and ensuring consistency with other key initiatives such as GRESB and GRI CRESS.
Notes to Editors
About the Awards
In its second year, the purpose of the EPRA Annual Sustainability Survey is to promote awareness of the EPRA Sustainability Best Practices Recommendations (sBPR) and to encourage and reward compliance with the sBPR. The sBPR aim to raise the standard of sustainability reporting through improving clarity, transparency and consistency in sustainability reporting. Eighty-six companies from a total of 13 countries across Europe were assessed for the Awards.
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