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We have accelerated the carbon offsetting strategy of our UK property business by five years and in 2025 we will become the country’s first property company to be carbon neutral across all scopes.
Under this net zero commitment, emissions reduction remains the priority with a minimum 52% reduction planned between 2019 and 2030.
We are on track to deliver on this goal, which encompasses all emissions (scopes 1,2 and 3) across our value chain, including those we do not control.
To complement reduction efforts, we will mitigate residual emissions through long-term and high-quality offsets. This includes investing in ecosystem restoration and long-term solutions such as carbon capture.
From 2021, our UK property business will offset all corporate emissions and embodied carbon for all new developments. By 2025, we will offset our full business impact, making it carbon neutral as part of our pathway to net zero carbon.