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We have developed a three-step approach to becoming a net-zero carbon business through the achievement of the following emissions reduction targets:
| Target | Year | Description |
1 |
2025 |
Achieve net-zero carbon for all corporate related carbon emissions (Scopes 1-3) |
2 |
2040 |
Achieve net-zero carbon for all operational emissions arising from the directly managed areas of our portfolio (Scopes 1-3) |
3 |
2050 |
Achieve net-zero carbon in terms of operational and embodied carbon emissions across our entire portfolio, whether space is directly managed, or managed by third parties. |
Our Pathway to Net-Zero Carbon provides the scope of our commitment and our intentions for measuring our progress, developed in accordance with the Better Buildings Partnership’s (BBP) Net-Zero Carbon Pathway Framework and aligned to a 1.5 degree future using the Science-Based Targets (SBT) Methodology.
Our unique position as a long-term investor in local communities creates invaluable opportunities to leverage change. We recognise our responsibility to ensure our portfolio can weather the risks created by a changing climate and our pathway to net-zero outlines our intentions for addressing this responsibility, having carefully considered the Better Buildings Partnership’s (BBP) guidance. We are pleased to seal our net-zero ambition by becoming a signatory to the BBP’s Climate Commitment, joining other responsible organisations across the industry in actively reducing our emissions to pursue a 1.5-degree future and avoid the very worst effects of climate change.