British Land

Diversified REITs

BLND.L

GBX 347 (2)%

Share price

$ 4.2 bn

Market Cap

$ 7 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.03x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -9.3% weighted average for S&P 500

FY2022

British Land aims to reduce Scope 1 + 2 by 51% by 2030 from a base year 2020

1.5°C

GHG emissions and Carbon intensity

British Land reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 March 2021 at 7.5 Kt (-0.11 /-1.5% y-o-y). At the same time, carbon intensity was up at 13 t (+3.4/+36% y-o-y).

British Land's Scope 3 emissions plummeted to 664 Kt (-522 /-44% y-o-y). There has been no clear trend lately.

The company is committed to reducing Scope 1 + 2 by 51% by 2030 from a base year 2020, which translates into the estimated reduction of -0.42 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q1	7.5	6.7	0.84	664	581	13
2020Q1	7.6	6.9	0.67	1,186	798	9.5
2019Q1	8.1	6.6	1.5	1,171	1,267	6.4
2018Q1	8.8	7	1.9		802	11
2017Q1	14	7.6	6.6		846	17
2016Q1	45	7.9	37		875	51

British Land

Carbon footprint

Primary Climate Goal

British Land aims to reduce Scope 1 + 2 by 51% by 2030 from a base year 2020

GHG emissions and Carbon intensity

British Land's carbon footprint

Company environmental metrics