Environment

Hear from our CEO, Michael Slattery on our latest efforts to support our local environment.

We recognise that real estate is a significant contributor to global carbon emissions which is why we are committed to acting responsibly for a sustainable future.

In 2020, we set a 5-year ESG roadmap for positive change and we have been making significant progress.

In September 2022, we published our longer-term decarbonisation and climate resiliency targets and how we are going to achieve this.

We are committed to:

Reducing our Scope 1, Scope 2 and Scope 3 greenhouse gas emissions by 36% by 2030 from a 2021 base year. Our targets have been approved by the Science Based Targets Initiative (SBTi) methodology to ensure we are playing our part in limiting global temperature change to below 1.5 degrees, in line with the Paris Agreement.

Being a fully climate resilient business by 2030.

Our Actions

We will achieve these targets by:

Increasing the amount of energy consumption data collected across the business

Achieving BREEAM Very Good or better for all new building developments

Increasing the capacity of our on-site renewable energy generation

Focusing on installing the most efficient lighting throughout our portfolio

Adopting the recommendations of the Task Force on Climate Related Financial Disclosures

Increasing all Renewable Energy Guarantees of Origin (“REGO”) backed electricity procurement

Enhancing the biodiversity in our portfolio

Our progress

We continue to make progress against our targets in all areas. In the first half of our financial year 2023:

We delivered 91 sustainabilty-driven efficiency projects including over 0.3million sqm of LED lighting upgrades, 34 Heating, Ventilation and Air Conditioning (HVAC) upgrades

Approved increase of on-site solar capacity by 1 Megawatt peak (MWp) to 45 MWp across our portfolio

Incorporated green clauses in 97% of leases signed

Continued switching to Renewable Energy Guarantees of Origin (REGO) backed electricity supplies, to date saving 200 tonnes of CO2 per annum in the UK

Full Year report

sustainability—driven efficiency projects

MWp

on-site solar capacity

leases signed include green clauses

tonnes CO2 saving

Download Green Bond Report

Acting Responsibly Report