// Landsec appoints Jennie Colville as new head of ESG and sustainability
// She previously spent three years at Capita as responsible business director
// Colville will lead Landsec’s sustainability strategy
Landsec has appointed a new head of ESG and sustainability as it ramps up efforts to accelerate its sustainability strategy.
Jennie Colville joins to lead the company’s sustainability strategy and its implementation across a £10.8 billion portfolio.
She previously spent three years working with Capita where she was the responsible business director.
READ MORE: Landsec in “recovery phase” after £1.4bn annual loss
“Under Jennie’s stewardship, we will continue to build on our market leading ESG efforts ensuring our approach to sustainability continues to underpin our purpose of creating sustainable places, connecting communities and realising potential,” Landsec strategy, research and corporate finance managing director, Nick de Mestre said.
“We’re thrilled to have her on board as we continue to find new ways to expand our impact.”
Landsec revealed earlier this month that it plunged to a £1.4 billion annual loss as lockdowns left many of its properties lying empty and hammered rent collections.
The commercial landlord saw losses for the 12 months to March 31 widen sharply from £837 million the previous year after like-for-like rental income across its London-focused properties plunged 30.4 per cent.
Restrictions and stay at home measures meant the “vast majority” of its portfolio was either closed or largely left unoccupied for more than half of the year, according to Landsec.
Landsec also saw the value of its combined portfolio across offices, retail and leisure tumble 13.7 per cent to £10.8 billion.
Despite the losses, it insisted it was now in the “recovery phase” as lockdown restrictions have lifted for non-essential retailers and hospitality, with some workers also beginning to return to offices.
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