The Better Buildings Partnership (BBP) and Greenprint Foundation have announced the formation of an alliance to advance their common goal to reduce carbon emissions and improve the sustainability of their members' property portfolios and, by example, the entire property industry.

The announcement was made by Peter Clarke, Chairman of BBP and Charles Leitner, CEO of Greenprint Foundation.

The BBP is a collaboration of London's leading commercial property owners and allied organisations, supported by the Mayor of London and the London Development Agency. Greenprint Foundation is a worldwide alliance of leading real estate owners, investors, and financial institutions committed to reducing carbon emissions across the global property industry. Together their membership represents $480 bn (EUR 352 bn) of assets under management.

One of the most significant aspects of their alliance is the participation of BBP members in Greenprint's Carbon Index which is now positioned to become the worldwide market standard for measuring and benchmarking carbon emissions.

'This alliance brings together London's most prominent commercial property owners and our growing international membership to further deepen the amount of data and best practices that can be shared towards our mutual goal of lowering carbon emissions while enhancing property values,' said Leitner.

'I am delighted that the lead taken by London's major landlords, in partnership with The Mayor of London, to create the BBP has been further strengthened by our collaboration with Greenprint to allow the BBP's work to be shared with a wider audience and to gain benefits from benchmarking and sharing of best practice across many of the world's major cities,' added Clarke.