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Headline Commitments Key
Reduce carbon intensity by 40% by 2030 (from a 2014 baseline), with a long-term ambition of 80% reduction by 2050
Reduce energy intensity by 40% by 2030 (from a 2014 baseline)

Science Based Target
EP100
RE100
EV100

Advocacy & Influence

Decarbonising our economy and dealing with the implications of climate change are the most critical challenges facing the world today. The causes of climate change are systemic, and it’s crucial that we support the work of government and NGOs to create an impact.

Following the two degree pledge made at the 2015 COP21 Convention on Climate Change in Paris, we became the first property company in the world to have its carbon emission targets approved by the Science Based Targets initiative; committing to reducing our emissions in line with a two degree world.

We were also one of the first companies globally to join all three of The Climate Group’s RE100, EP100 and EV100 campaigns, a series of commitments for businesses to procure renewable energy, improve energy productivity and invest in electric transport infrastructure.

We’re dedicated to working with the real estate industry to tackle global environmental and societal problems. As active members of the UK Green Building Council and Better Buildings Partnership, we work with our peers to help the entire industry improve through initiatives like Design for Performance and UK framework definition for net zero carbon buildings. Increasing transparency is key to driving climate action, and we’re implementing the TCFD recommendations by disclosing the financial impact of climate risk to our portfolio.

To help drive even more companies to take necessary climate action, we’re actively working with a coalition chaired by the World Business Council on Sustainable Development to expand the methodologies of setting science-based targets for the built environment.

Carbon Management

DJSI (2019), 82/98th percentile - 4th real estate company in the world

EPRA

GRESB (2019), 5 Green Stars - leaders in UK & Northern Europe for listed companies

ISO 50001 Energy Management Certified