Improved rankings and scores for Tritax Big Box REIT and Tritax EuroBox
London, 14 February 2024, Tritax Big Box REIT PLC and Tritax EuroBox plc, specialist investors in UK and European supply chain real assets, have been recognised as top performing companies in Sustainalytics’ 2024 top-rated ESG companies list for the second year running. Morningstar Sustainalytics provides analytical environmental, social and governance research, ratings and data to institutional investors and companies. Sustainalytics’ ESG Risk Ratings cover more than 15,000 companies across 42 industries.
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Tritax Big Box has been awarded an improved ESG risk rating of 7.6 (8.3: 2023), classified as ‘Negligible Risk’, meaning that its exposure to material ESG issues is low, whilst its capacity to manage relevant ESG issues based on The Company’s practices and policies is strong. Tritax Big Box is ranked in the Top 50 companies in both its region and sector, ranking as 25 out of 1052 in the real estate sector.
Tritax EuroBox’s risk rating has significantly improved to a score of 9.8 (2023: 14.29), classified as ‘Negligible Risk’, with a ranking of 74 out of 1053 companies in the real estate sector.
Alan Somerville, ESG Director at Tritax Management LLP, commented, “Our Sustainalytics performance reflects our integration of ESG targets across the investment lifecycle. We are data and evidence driven which allows us to acquire, develop and manage the most sustainable buildings. Our ESG focus is on the four pillars of sustainable buildings, climate and carbon, nature and wellbeing, and social impact. Attaining recognition as a top-rated ESG company reinforces our standing as a responsible investor and affirms our dedication to fulfilling the escalating ESG standards anticipated by our investors, customers, and communities.”
The inclusion of Tritax Big Box and Tritax EuroBox in the Sustainalytics ranking is a result of the Company’s transparency and public disclosure and ongoing market leading ESG performance.
The Company is committed to its ambition to create a positive environmental and socio-economic impact by 2030 by developing and managing net zero carbon buildings with high green building standards, enhancing nature and biodiversity, and creating social value through its investments.
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FOR FURTHER INFORMATION, PLEASE CONTACT:
Kekst CNC (Communications Adviser)
Guy Bates
+44 (0) 7581 056 415
About Tritax Management LLP
Tritax is an asset manager investing in critical supply chain real assets aligned with the structural trends that are shaping the future economy, including digitisation, automation, urbanisation and green energy. Combined, our two publicly listed FTSE-250 funds (Tritax Big Box REIT plc and Tritax EuroBox plc) and growing suite of private market products own and manage more than 50 million sq ft of modern, flexible and well-located real assets. These help businesses succeed in a dynamic economy by enabling sustainable and resilient supply chains and offer investors access to a wide range of some of the most attractive opportunities in this fast-growing sector. We collaborate with our stakeholders to deliver a cleaner, healthier and more equitable society because we believe this will drive superior returns over the long term. Our specialist focus and 25+ year track record enable us to identify the best investment opportunities, while our entrepreneurial spirit and strong governance enable us to move fast and confidently act on them. Tritax is backed by global asset manager abrdn.
