Zero carbon
Becoming a net-zero carbon business
Our aim is to become a net-zero carbon business, in line with our validated science-based target. We are now reporting against a 2024 baseline, with a corporate target to reduce emissions by 34% by 2030 and 90% by 2040 and a buildings target in line with CRREM (Carbon Risk Real Estate Monitor).
Progress overview
|
Goal |
Progress |
|
Buildings target: EUI (Energy Use Intensity) target in line with CRREM, net zero by 2040. |
28.45 kgCO₂e per sqm |
|
Corporate target: absolute reduction of 34% by 2030, 90% by 2040 vs 2024. |
4% reduction |
|
By 2025, 100% of developments must be less than 500 kgCO₂e per sq m on completion, achieve net zero carbon pathway compliant EUI targets and be all-electric. |
100% (2 of 2) major projects completed in 2025 that achieved the target |
|
40% of suppliers by emissions will have a science-based target. |
45% |
|
Undertake periodic climate risk assessments to ensure our portfolio is resilient to climate change, in line with the Taskforce for Climate Related Financial Disclosures. |
Annual risk assessment conducted, see Annual Review. |
