https://padlet.com/sbsgc/jv5tdr7pubpzjo9d CR Seminar 8 Friday 19th Nov en-us 2021-11-18 11:03:26 UTC 2026-01-06 21:13:45 UTC hello@padlet.com matthewatherton19991_1 https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901927306 Governance: in 2019/20, our
Board CSR Committee was
established and the 2030 Net
Zero strategy was reviewed by
the Board at its Strategy Day. - (BOARD OVERSIGHT)

The Risk Committee
subsequently established a
TCFD Steering Committee
composed of leaders from
across the business to
undertake the work required
for full TCFD alignment. - (DESCRIBED MANAGEMENT'S ROLE IN ASSESSING) 

Risk screening: in 2019 the
Steering Committee undertook
two climate risk scenario - (PROCESS FOR IDENTIFYING CLIMATE-RELATED RISK)
workshops, where facilitators
from Forum for the Future
reviewed the latest climate
science and ran breakout
sessions on climate
risk identification and
organisational responses.

Physical risk scenario
analysis: in 2020/21, British
Land commissioned Willis
Towers Watson to undertake
a physical risk assessment
of the portfolio in line with
TCFD requirements. 

Quantifying transition risks:
British Land is currently
rolling out a series of net zero
audits across the portfolio.
The results will quantify the
financial costs of the key
interventions required
to deliver substantive
improvements in the energy/
carbon efficiency of assets. - (QUANTIFIED AND SHOWN THEY ARE ACTIVELY USING RISK MANAGEMENT IN OVERALL RISK MANAGEMENT)

Transition risk scenario
analysis: this TCFD-aligned
analysis will clarify the
most material risks posed
by future low-carbon
transition scenarios. - (PROCESS FOR IDENTIFYING CLIMATE-RELATED RISK)

Detailing the organisational
response: outputs from the
scenario analyses and risk
quantification will be reflected
in our corporate strategy,
financial planning and
enterprise risk management
processes as appropriate. - (DESCRIBED MANAGEMENT'S ROLE IN ASSESSING) ]]> 2021-11-19 12:16:18 UTC https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901927306 matthewatherton19991_1 https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901945201 Our risk register tracks:
i. Description of the risk
(identification)
ii. Impact-likelihood rating
(evaluation enabling prioritisation)
iii. Mitigants (mitigation)
iv. Risk owner (monitoring) - (SHOWING PROCESS OF HOW THEY IDENTIFY AND MONITOR RISKS WITH CLEAR AND OBVIOUS STEPS)]]> 2021-11-19 12:28:36 UTC https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901945201 matthewatherton19991_1 https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901947695 2021-11-19 12:30:02 UTC https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901947695 b80217571_1 https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901949466 Strategy:
a)  
Impacts of climate-related risks and opportunities on our business We consider climate-related issues within the time horizons used in our corporate strategy: Short term Less than 12 months, Medium term 1 to 5 years and Long term 5 to 10 years.
To date, we have focused on climate-related risks and opportunities for short and medium term horizons. We provide further disclosure on these risks in our annual CDP (CDP, formerly the Carbon Disclosure Project) response, available at britishland. com/sustainability/reporting/latest-reporting. 

b) Please see attachment at top. :)





c)  
Assessing the resilience of our strategy Physical risk: Over the past year, British Land has been working with Willis Towers Watson to conduct a physical risk scenario analysis, including future climate scenarios with global temperature increases of approximately 2°C (RCP2.6) and 4°C (RCP8.5). The findings of this analysis will be included in next year’s Annual Report. Transition risk: British Land will complete transition risk analysis over the upcoming year for inclusion in next year’s Annual Report. Over 2021, British Land completed several transition-focused projects including (i) launching our Pathway to Net Zero, (ii) commencing our programme of net zero audits across the portfolio, and (iii) achieving validation of our climate targets from the Science Based Targets initiative (SBTi). ]]> 2021-11-19 12:31:15 UTC https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901949466 https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901949500 2021-11-19 12:31:16 UTC https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901949500 https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901949773 We guided the development of the recently published
2030 Sustainability Strategy and oversee its progress.
The strategy pushes British Land to reach net zero carbon
on new developments, underpinned by a commitment to GRESB performance on wider environmental matters and key principles of responsible business, such as prompt payment to suppliers. The Committee formally oversees the Transition Vehicle which will be key to achieving net zero. The Vehicle will finance the offsetting of embodied carbon on new developments as well as funding sustainable initiatives on our existing portfolio. 100 Liverpool Street was our first net zero carbon development where residual carbon was offset using certified schemes. More information on the Transition Vehicle can be found on page 40 and further information on our approach to sustainability can be found on pages 40-41.]]> 2021-11-19 12:31:27 UTC https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901949773 b80432051_1 https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901952887 2021-11-19 12:33:28 UTC https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901952887 https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901953266
Disclosure a: Describing processes for identifying climate related risks
Disclosure b: Organisations processes for managing climate related risks

Screenshot above shows risks identified clearly with management strategies next to each identified risk, along with how each risk and management strategy is financed




]]> 2021-11-19 12:33:38 UTC https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901953266 b80432051_1 https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901963829 2021-11-19 12:40:45 UTC https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901963829 b80432051_1 https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901972254 E.g. Environmental Matters - Sustainability Policy aligns with 2030 strategy of becoming carbon zero. Policy was updated in 2020]]> 2021-11-19 12:46:16 UTC https://padlet.com/sbsgc/jv5tdr7pubpzjo9d/wish/1901972254