Tritax Big Box REIT awarded 'AA' MSCI ESG Rating

RNS Number : 1988R

Tritax Big Box REIT plc

28 February 2023

 

Tritax Big Box REIT plc is awarded an 'AA' rating by MSCI ESG Ratings

28 February 2023, Tritax Big Box REIT plc ("the Company" or "Tritax Big Box") (ticker: BBOX), a specialist investor in large-scale UK supply chain real assets, today announced that it has been awarded an 'AA' rating in the MSCI ESG Ratings and classified as an industry leader in managing significant ESG risks and opportunities.  In 2021 the Company's rating was BBB.

Alan Somerville, Director of ESG, Tritax Management LLP, commented, "We are delighted to be recognised as a leader in managing ESG risks and opportunities by MSCI. Our improved rating reflects our relentless commitment to strong ESG performance and the effectiveness of our active and ongoing programme. ESG is central to our overall strategy and our ability to create value for our shareholders and customers. We will continue to work with our customers and other stakeholders to drive further improvements in this area."

In its assessment, MSCI noted, among other factors, that Tritax Big Box leads peers in sustainability certifications across its portfolio, leads global and home market peers on corporate governance, has strong group-wide safety programmes and improved talent-focused initiatives like job-related skill training.

Tritax Big Box is committed to its ambition to create a positive environmental and socio-economic impact by developing and managing net zero carbon buildings with high green building standards, enhancing nature and biodiversity, and creating social value through its investments.

MSCI ESG Ratings aim to measure a company's management of financially relevant ESG risks and opportunities. MSCI uses a rules-based methodology to identify industry leaders and laggards according to their exposure to ESG risks and how well they manage those risks relative to peers. MSCI's ESG Ratings range from leader (AAA, AA), average (A, BBB, BB) to laggard (B, CCC).

To discover more about the Company's ESG activities, visit www.tritaxbigbox.co.uk/sustainability.

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About Tritax Big Box REIT plc

Tritax Big Box REIT plc (Tritax Big Box or the Company) is the largest listed investor in high-quality logistics warehouse assets and controls the largest logistics-focused land platform in the UK. Tritax Big Box is committed to delivering attractive and sustainable returns for shareholders by investing in and actively managing existing built investments and land suitable for logistics development. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade tenants on long-term leases with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity provided by the imbalance between strong occupational demand and constrained supply of modern logistics real estate in the UK.

The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies, is listed on the premium segment of the Official List of the UK Financial Conduct Authority (Ticker: BBOX) and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices.

The Company's LEI is: 213800L6X88MIYPVR714

Further information on Tritax Big Box REIT is available at www.tritaxbigbox.co.uk

Investor contact:

Ian Brown

[phone]

Media contact:

Kekst CNC

Neil Maitland/Tom Climie

[phone] / [phone]

[e-mail]

 

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