We will design, develop and manage places to tackle climate change, enhancing the health of the environment by achieving net zero and going beyond.

When we buy, use and re-use resources efficiently, we see big benefits.

We’re always working to minimise our impact on the environment and do our part in tackling climate change while also reducing costs, for us and our customers. By building well we are also ensuring we are more resilient to challenges caused by climate change, such as shortages of resources and changing regulations. 

We have a Company-wide Environmental and Energy Management System, with both ISO 14001 and ISO 50001 certification. ISO 14001 is an environmental management system that checks we’re compliant in things like handling hazardous substances and waste management. ISO 50001 is an energy management system that keeps us in line with the government’s Energy Savings Opportunity Scheme (ESOS) and drives energy reductions.

Build well

Decarbonising our portfolio transitioning to net zero

Targets and Metrics

Reduce operational carbon emissions (tCO2e) by 70% by 2030, for property under our management for at least two years (compared with a 2013/14 baseline).

2022/23 performance

55% operational carbon reduction.

Reduce average embodied carbon by 50% compared with a typical building by 2030 by prioritising asset retention where possible, smart design and using sustainable materials.

36% average reduction across development pipeline.

Reduce energy intensity by 45% by 2030 (compared with a 2013/14 baseline).

33% energy intensity reduction.

Source 85% of total energy (electricity, gas, heating and cooling) consumption from renewable sources by 2030.


Ensure 100% of assets located in areas highly exposed to climate risks have adaptation measures in place.

Assets located in areas highly exposed to physical risks continue to ensure adequate protection and mitigation plans are in place, including business continuity and emergency-response plans.

Enhancing nature and green spaces

Targets and Metrics

Achieve a 25% biodiversity net gain by 2030 across our operational sites currently offering the greatest potential (2016/17 baseline).

2022/23 performance

13% biodiversity net gain.

Achieve a 15% uplift in biodiversity for all new developments by 2030.

We are on track to achieve 15% uplift in our current development pipeline.

Using resources efficiently

Targets and Metrics

For every development, source 100% of core construction materials from ethical and sustainable sources, extending this across our full supply chain in due course.

2022/23 performance

100% of core construction materials with a responsible sourcing certification.

Promote reuse and circular economy principles and achieve at least 75% annual recycling rate across our portfolio and new developments.

Operations recycling rate: 68%

New developments recycling rate: 98%

Undertake water management assessment across assets under our operational control and set water targets by 2023.

Water-management assessments undertaken across assets under our operational control, to help shape our water strategy for both our office and retail portfolios.

New water target due to launch later this year.

To see all our Build Well, Live Well and Act Well targets, please click here.