We’re committed to maximising the biodiversity potential of all our development and operational sites. We’ve set a target of achieving a 25% biodiversity net gain across the five sites offering the greatest potential by 2030.
In the year we extended our biodiversity commitment to our assets in London and are assessing opportunities for installations in the year ahead. We’ve planned and secured budget for biodiversity enhancements to the five sites offering the greatest potential, which will deliver net gain in biodiversity at each site of between 5% and 25%. Completed projects include a 220m2 wildflower garden installed at Hatfield Galleria and planting of aquatic plant species in the lakes at White Rose, Leeds.
What we've achieved
In support of our commitment to enhancing biodiversity across the five retail assets that offer the greatest potential, this year we planned and secured budget for enhancements which will deliver a biodiversity net gain of between 5% and 25%. We've also recognised the need to increase biodiversity in urban areas, so we've extended our biodiversity commitment to our assets in London and are developing a strategy for all future developments to deliver net gain.
If we deliver more and better green spaces, we’ll also see other benefits. For example, having more soft planting helps to maintain cooler temperatures in public spaces, soak up rainwater after a storm and enhance the atmosphere within a building, enabling occupants to relax. We believe this is good for nature, good for business and good for our customers.
We’re also committed to delivering net gain through our development pipeline, and our 21 Moorfields development will deliver over 1,700 m2 of new green walls, trees and plants, totalling 76 different species. We are developing a strategy for all future developments to deliver significant net gain.