Commitments

We have four commitments related to use of natural resources. We are embedding these across the company at all levels, ensuring they inform the decisions we make and that we are working to drive significant positive change in the places that we develop and operate.

Continue to procure 100% renewable electricity across our portfolio

The International Energy Agency suggests that, to be on a pathway to 20C global warming, by 2050 at least 65% of the world’s electricity must come from renewables, rising from 22.8% in 2014. We’re committed to realising the ambitions laid out in Paris and this includes leading the way in investing in renewable energy for all of our assets.

So, from 1st of April 2016, our group electricity contract went green with the appointment of Smartest Energy as our new provider. This makes us the first property company in the UK to have a green electricity contract across their portfolio.

Reduce carbon intensity (kgCO2/m2) by 40% by 2030 compared to a 2013/14 baseline, for property under our management for at least 2 years, with a longer-term ambition of an 80% reduction by 2050

The built environment is responsible for over one third of the developed world’s CO2 emissions. As the largest listed commercial property company in the UK, we have a responsibility to lead the way on reducing impacts.

In response to the agreement reached in Paris on carbon emissions, we have worked with Carbon Trust to analyse our performance and set a challenging new science-based carbon reduction commitment. 

Reduce energy intensity (kWh/m2) by 40% by 2030 compared to a 2013/14 baseline, for property under our management for at least 2 years

Lowering energy demand at our assets is a key area for us in terms of decarbonising our portfolio. We’re sharing the benefits of greater efficiency with our customers, helping them to meet regulatory obligations and reduce their energy bills. 

For many years we’ve worked to reduce our energy requirements through active energy management at our sites. We focus not only on the energy used within landlord controlled areas but also the energy used by our customers when sub-metered from landlord suppliers. This enables us to look at every aspect of an asset, then work closely with our customers and partners to find and implement better ways to manage energy use.

Send zero waste to landfill with at least 75% recycled across all our operational and construction activities by 2020

More than 10,000 tonnes of operational waste are generated at our properties each year. We offer our building occupiers the facilities needed to dispose of their waste, and it’s our responsibility to ensure that this is done safely, securely and sustainably. Reflecting our drive to be leaders in our sector, this year we decided to reset the overall recycling target to a more ambitious 75%.

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