Our approach
To ensure credibility and transparency in our approach, we have developed a net zero strategy and pathway aligned with the Better Buildings Partnership Net Zero Carbon Pathway Framework and The UK Green Building Council’s (UKGBC) net zero carbon hierarchy.
Additionally, the Science Based Targets Initiative (SBTi) provides a globally recognised framework that enables organisations to set credible, Paris-aligned net zero targets.
To reflect our progress to date, we have set new STBi-aligned net zero target to 2045 across all Scopes.
Our main commitment
We have committed to be net zero carbon across all Scopes by 2045.
We have also introduced a near-term target of 2035 across all Scopes, to ensure progress towards our long-term goals. We expect to be net zero on Scope 1 and Scope 2 emissions by our SBTi near-term target.
Achieving net zero carbon
Under the SBTi framework, we were required to recalculate and expand our baseline to include additional emissions categories and set new near-term and long-term net zero targets. As the majority of our emissions originate from building-related activities, we are using the SBTi Buildings Sector Criteria.
We continue to implement energy efficiency measures across the portfolio in order to meet energy intensity targets. We also investigate on-site renewable energy opportunities and procure remaining energy requirements from high-quality renewable sources.
For refurbishment projects we employ circular economy principles, so reducing waste and demand for raw materials by keeping resources in the value chain for as long as possible.
Finally we will aim to source high quality carbon offsets, aligned with the Oxford Principles for Net Zero Aligned Offsetting.
SBTi Buildings Sector Criteria
We have set whole-building in-use operational targets and corporate Scope 3 targets.
Whole-building in-use targets
We commit to reducing Scope 1, market-based Scope 2 and Scope 3 in-use operational GHG emissions of owned and leased buildings 73% per m2 by 2035 from the 2024 baseline year.
We commit to reducing Scope 1, market-based Scope 2 and Scope 3 in-use operational GHG emissions of owned and leased buildings 96% per m2 by 2045 from the 2024 baseline year.
Corporate Scope 3 targets
We commit to reducing absolute Scope 3 emissions 63% by 2035 from the 2024 baseline year.
We commit to reducing absolute Scope 3 emissions 90% by 2045 from the 2024 baseline year.
We report annually on our net zero progress with more information available in our Sustainability reporting.
Download our 2026 net zero strategy
Download our 2022 pathway to net zero carbon
