23 SEPTEMBER 2022
This week #RacetoZero and #RacetoResilience, two major UN-backed global climate campaigns published their first joint progress report showcasing how the global fight to halve emissions by 2030 is progressing, and what still has to happen to keep warming to 1.5°C.
Over the last two years, our UK property business has achieved a 24% reduction in emissions. Their work has been included alongside Google and Amazon as case studies sharing the successes and challenges of a small number of the 13,000 companies, institutions, cities, states and others racing to make a resilient, zero carbon world a reality.
Read the report here.
Pledge: By 2040, Grosvenor will reduce emissions from their buildings, developments and value chain by 90% across all scopes - the first European property company to have this long-term science based target validated by the SBTi against their Net Zero Standard. Grosvenor also aim to be climate positive by 2050 and to see a 20% increase in biodiversity across managed green space by 2030, with a 100% increase on developments.
Plan: In 2020, Grosvenor launched an ambitious net zero pathway, ‘Think Zero’, alongside the tools for success, including a £90m commitment to make their portfolio more energy efficient.
Proceed: By 2022, Grosvenor had achieved a 24% absolute emission reduction against their baseline.
Persuade: Grosvenor are an active advocate for climate action, being founding partners and members of several initiatives including the Better Building Partnership, UKGBC’s Advancing Net Zero Programme, ConcreteZero and SteelZero.
About Grosvenor
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Grosvenor is an international organisation whose activities span urban property, food and agtech, rural estate management and support for philanthropic initiatives.
We are a values-led business which represents the Grosvenor family and share a common purpose - to deliver lasting commercial, social and environmental benefit - addressing today’s needs while taking responsibility for those of future generations.
With a track record of over 340 years, we work to improve urban property and places in many of the world’s leading cities, promoting sustainability within the built environment and enhancing the wellbeing of customers and communities.
Our UK property business supports c1,000 businesses and tens of thousands of residents and workers across London’s West End each day. We also invest in, create and manage sustainable neighbourhoods in Liverpool and across England. As a 1.5oC aligned company, pioneering change and new ways of thinking about property we aim to ensure our places benefit both people and the planet over the long term.
Rachel Garstang
Head of Corporate Communications,
rosvenor Property UK
+44 (0)20 7312 2341 ext.6957
rachel.garstang@grosvenor.com