Land Securities Group PLC

Lobbying Transparency and Governance

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Direct Lobbying Transparency
Overall Assessment Comment Score
Comprehensive Land Securities Group provides a detailed and specific picture of its climate-policy engagement. It names a wide range of concrete measures it has worked on, including the UK Government’s proposal for “EPC B by 2030” for the non-domestic private-rented sector, mandatory climate-related financial disclosure rules, the BEIS Net Zero Review (covering Minimum Energy Efficiency Standards), the UK Transition Plan Taskforce disclosure framework, proposals for a market-based mechanism to incentivise heat-pump sales, and calls to “bring forward the Future Homes Standard and Future Building Standard.” The company also explains how it intervenes: it “responded to the BEIS Net Zero Review consultation in October 2022,” participated in the Government’s Transition Plan Taskforce Sandbox exercise (described as “a series of meetings focused on each element of the disclosure framework”), and channels influence through industry bodies such as the Better Buildings Partnership, the British Property Federation and UKGBC. Finally, Landsec is explicit about what it wants from policymakers. Among its “asks of Government” it urges an “amendment to Building Regulations” to regulate embodied carbon, a “performance-based rating system” alongside EPCs to capture in-use energy performance, fiscal incentives to accelerate heat-pump uptake, and retention of the national net-zero target. By naming the specific policies, describing the consultation responses, meetings and trade-association work it uses to lobby, and clearly spelling out the legislative and regulatory changes it seeks, the company demonstrates a comprehensive level of transparency around its climate lobbying activities. 4
Lobbying Governance
Overall Assessment Comment Score
Moderate Land Securities Group PLC has implemented a clear internal process to govern its climate-related engagement, as evidenced by the fact that "engagement activities and the interaction with Government on key climate-related legislation and policy decisions which affect our business are reviewed and discussed by the Sustainability Team and Corporate Affairs Team on an ongoing basis," which "ensures that any engagement activity on climate change is consistent with our business strategy and is also consistent with our sustainability and climate change strategy." Oversight of these activities is provided by specific executives and bodies, since "our Head of ESG and Sustainability and Sustainability Director report the status of current engagement activities relating to climate change in the Sustainability Forum, a senior management group … which reports to the Executive Leadership Team, chaired by our Chief Executive (our Board ‘Sustainability Executive’)." The company further confirms a "commitment to actively support public policy and regulation in line with goals of Paris Agreement." While this framework demonstrates strong monitoring and direct lobbying governance with clear accountability, the company does not disclose procedures for managing indirect lobbying via trade associations or any external audit of lobbying alignment. 2