ESG metrics for real estate endorsed in TPT guidance

The UK Transition Plan Taskforce (TPT) launched guidance for asset owners and manager on Tuesday 9 April, referencing and endorsing the ESG metrics for real estate proposal covering both environmental and social metrics developed by INREV and other industry associations in January 2024. 

These metrics used to measure the strategic ambition of transition plans will facilitate transparency and consistency in ESG reporting and are critically important for real estate investors and managers. 

We appreciate the TPT listening to the industry in developing the guidance and are delighted that the UK’s FCA intends to update its guidance on transition plans disclosures based on the TPT guidance, building on its SDR policy. 

Going forward, we will encourage EU policy makers to embed these ESG metrics in their guidance as well.

Access the guidance on the below links:
For asset managers
For asset owners