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ESG targets

ESG targets

 
We have established comprehensive short, medium and long-term targets to 2050 against our 2017 baseline year, aligned with the Science Based Targets Initiative (SBTI) methodology.
 
Short-term ESG targets
 

Medium-term targets (by 2030)

 
1
75% of waste generated at NewRiver assets is recycled 
Improving recycling rates helps us to minimise our environmental impact by reducing waste sent to landfill. We collect data on diversion rates including recycling across our retail and pub portfolio to identify improvement opportunities.
 
2
75% of energy procured from renewable sources
By procuring energy from renewable sources, such as wind and solar energy, we avoid using the planet’s finite resources and prevent the environmental damage of burning fossil fuels. We can procure renewable energy by either generating it ourselves (such as through installing solar PV panels at our shopping centres) or through using renewable energy suppliers.
 
3
20% reduction in NewRiver procured utilities
Energy consumption is a key contributor to climate change and is a cost to us as a business. By reducing the volume of utilities that we procure as a business, we can save money and reduce our environmental impact.
 
4
20% reduction in NewRiver GHG emissions
GHG emissions are a key contributor to climate change, and UK companies are required to disclose volume of GHG emissions. By reducing GHG emissions we reduce our environmental impact.
 
 

Long-term targets (by 2050)

 
1
Over 25% of NewRiver energy generated from renewable sources at our own assets
Many of our assets provide a large amount of unused roof space appropriate for generating renewable electricity. NewRiver already has solar PV Panels at five of its assets, capable of powering around 145 UK homes.
  
2
100% of energy procured from renewable sources
By procuring energy from renewable resources, such as wind and solar energy, we avoid drawing on the planet’s finite resources and prevent the environmental damage of burning fossil fuels. We can procure renewable energy by either generating it ourselves (such as through installing solar PV panels at our shopping centres) or through using renewable energy suppliers.
  
3
40% reduction in NewRiver procured utilities
Energy consumption is a key contributor to climate change and is a cost to us as a business. By reducing the volume of utilities that we procure, we can save money and reduce our environmental impact.
 
4
40% reduction in NewRiver GHG emissions
GHG emissions are a key contributor to climate change, and UK companies are required to disclosure volume of GHG emissions. By reducing GHG emissions we reduce our environmental impact.