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Updated green lease toolkit for commercial landlords and tenants

Better Building Partnership (BBP) has updated its green lease toolkit. This update is the first since 2013 and now forms a live document that will be regularly updated to reflect the increasing sustainability agenda. The guidance is aimed at all stakeholders helping find solutions for owners and occupiers. 

Sustainability has become a core business issue across the commercial property sector - BBP claims that “a recent review of BBP Climate Commitment Signatories Net Zero Carbon Pathways, found that Scope 3 emissions can make up over 85% of owners' carbon footprints. Engagement with occupiers should therefore be at the heart of owners’ sustainability strategies”.

Green leases are “one tool, along with positive and open dialogue, which can help to transform the environmental and social impact of a building”. The toolkit addresses what green leases are and why they are important in the commercial property industry. 

The starting point is multi-let offices but the clauses are intended to be adapted as necessary across different asset types, with sector specific guidance to be included in due course. 

While of course there is no current UK requirement for green leases to be entered into, there is legislation in place in relation to energy efficient requirements and Minimum Energy Efficiency Standards, see our previous article on MEES and EPCs here.

Posted on 02/07/2024 by Ortolan

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