We recognise that greenhouse gas (GHG) emissions are a material issue for our business and that our stakeholders expect us to reduce emissions as much as possible. This has been bolstered further with the signing in April 2016 of the first global agreement on climate change which seeks to keep global temperatures well below 2 degrees compared to pre-industrial levels. So what does this mean for our business? To ensure we continue to design and deliver our buildings responsibly we will:
Seek to future proof our assets against the various impacts of climate change by ‘designing with climate in mind’, which includes:
Continuing to make our new and existing spaces as energy/carbon efficient as possible
Utilising and maximising on-site energy generation wherever possible
Ensuring we do not over specify our spaces and are resource efficient
Working with our tenants to assist them in becoming less energy/carbon intensive and more resource efficient.
Continue to work with our real estate peers to develop and influence best practice, and industry organisations such as the British Property Federation (BPF), the European Public Real Estate Association (EPRA) and the UK Green Building Council (UK-GBC) on various initiatives.
Actively monitor our portfolio to ensure it remains robust against any impacts of climate change.
To support these aims we have set long term science based targets designed to guide and challenge us in further reducing our GHG emissions.
Our targets look to achieve a reduction in carbon intensity of 36% by 2022 and 55% by 2027. Complemented by an energy intensity reduction targets of 10% by 2022 and 16% by 2027.
For further details on our approach to setting these targets please see our latest Annual Sustainability Report.