Property investment and
development company Great Portland Estates Plc has pledged to achieve a 40%
reduction in energy intensity and at least a 69% reduction in carbon intensity
across its portfolio by 2030 – as well as for all new build developments
completed from there on to be net zero carbon.
The target has been set as
a result of the company’s signing of the Climate Change Commitment launched by
members of the Better Buildings Partnership. The commitment is designed to
tackle the growing risks of climate change through the delivery of net zero
carbon real estate portfolios.
Janine Cole Head of Sustainability says: “We are proud to participate in the Climate Change Commitment and delighted that our efforts on ESG continue to be recognised in the major indices. Our success depends both on our ability to integrate ESG across the whole of our business and the enthusiasm of our team to lead on these issues. The fact that 95% of our team will be taking part in our second community day next week, spending more than 900 hours supporting community causes, is testament to their commitment.”
Great Portland Estates’
commitment aligns them with current targets on zero carbon buildings: The
Government’s Committee on Climate Change has said that if the UK’s target to achieve net zero
carbon emissions by 2050 is to be achieved all new buildings will need to be
net zero carbon within a decade.