03/04/2025
We’re proud to share Avignon’s second Annual Sustainability Review, highlighting the strides we’ve made across our business and setting out our key priorities for the year ahead. Overall, 2024 saw progress in integrating ESG considerations into the investment and asset management processes.
Strategic EPC assessments drove a notable increase in UK B ratings from 29.4% to 44.5%, with 45.9% of our UK assets now rated B+.
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2024 Portfolio EPC Rating (based on Lettable Floor Area)
Avignon has embraced the Better Buildings Partnership’s ‘Green Lease Toolkit’ by integrating green clauses as standard practice in our leases. In 2024, 86% of new commercial leases included provisions for data-sharing and restrictions on adverse works — an increase from 75% in the previous year. This reflects our ongoing commitment to embedding sustainability into everyday operations.
Several of our assets began initial feasibility studies for solar implementation in 2024. Looking ahead to 2025, we anticipate completing 2-3 solar projects, marking a significant step towards enhancing our renewable energy capacity.
We’re proud of our progress in achieving BREEAM certification across our portfolio, with over 138,000 sqft (GFA) currently certified or under assessment:
In 2024, we ensured ESG considerations were integrated into every asset-level business plan, covering efficiency improvements, solar projects, and other key sustainability criteria. Additionally, all investment committee documents included EPC/energy ratings and relevant ESG-related insights, ensuring these factors are central to our decision-making.
As we move into 2025, Avignon remains committed to driving sustainability performance across our portfolio. Our progress so far reflects our dedication to integrating ESG principles into every aspect of our business — from investment decisions to day-to-day operations.
Looking ahead to 2025, the focus will be on enhancing due diligence, improving documentation, increasing ESG-related engagement, and setting more structured frameworks for ongoing ESG integration. We are aiming to achieve or begin the process of planning BREEAM In-Use certification for at least three additional assets, further enhancing the sustainability credentials of our portfolio.
We look forward to another year of positive change and continued collaboration with our partners, tenants, and communities.
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