Land Securities Group PLC 2023 AR2
The report highlights Landsec's strategic progress during the fiscal year ended 31 March 2023, despite a challenging macroeconomic environment. The company successfully executed major transactions, including the sale of £1.4bn of mature London offices and acquiring the remaining 50% of St David's shopping centre in Cardiff. Landsec also completed its first net-zero carbon building, The Forge, and updated its carbon reduction targets to align with the SBTi Net-Zero Standard, committing to reach net zero by 2040. Financially, the company reported EPRA earnings of £393m, up 10.7% year-on-year, while reducing its loan-to-value ratio to 31.7%.
Company: Land Securities Group PLC
Sector: Real Estate
Country: United Kingdom
Year: 2023
Type: AR2
Pages: 219
Land Securities Group PLC
Annual Report
The report highlights Landsec's strategic progress during the fiscal year ended 31 March 2023, despite a challenging macroeconomic environment. The company successfully executed major transactions, including the sale of £1.4bn of mature London offices and acquiring the remaining 50% of St David's shopping centre in Cardiff. Landsec also completed its first net-zero carbon building, The Forge, and updated its carbon reduction targets to align with the SBTi Net-Zero Standard, committing to reach net zero by 2040. Financially, the company reported EPRA earnings of £393m, up 10.7% year-on-year, while reducing its loan-to-value ratio to 31.7%.
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Document Details
Report Year
2023
Reporting Period
Apr 1, 2022 - Mar 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Net Zero Target
Employees