For more than a decade, we have tracked energy consumption and resulting emissions, using this valuable data to optimise usage and decarbonise our operations. More recently, we have developed a long-term strategy for cutting emissions across our entire value chain, establishing a pathway to net zero which is aligned with the latest climate science.
By focusing our efforts, we will deliver the steepest emissions reductions within our owned and operated properties, while supporting decarbonisation across our wider value chain.
For in-hand property and vehicles, we will reach net zero by 2040 relative to a 2021 baseline, delivering a 40% reduction by 2030
For all remaining sources of emissions, we will we achieve net zero by 2050, focusing on supporting decarbonisation in key areas: travel, farming and let property.
Our emissions pathways are detailed in the graph below.
We have made strong progress in recent years, particularly across our direct operations. Emissions from in-hand property and vehicles continue to fall faster than their reduction pathways. Emissions from tenanted properties have also fallen, although they remain above target.
Emissions from in-hand farms and visitor travel have increased, reflecting growth in agricultural production and visitor numbers. However, our current reporting does not yet account for the carbon removed and stored in soils and trees, which may bring the net position for farming more closely in line with our intended pathway.
For other indirect sources of emissions, we do not report annually. Instead, we focus our efforts on the areas where we have the greatest responsibility, influence and opportunity to drive meaningful change.
What have we done so far?
Invested in on-site renewables, including solar arrays, biomass heating systems and a hydroelectric turbine
Decommissioned our combined heat and power plant, reducing our demand for natural gas
Invested in low carbon technologies such as heat pumps, electric kitchen equipment and energy efficient lighting
