Grosvenor UK stays on track with decarbonisation

Grosvenor has reported a 32% reduction in the carbon footprint of its UK business since 2019.

The business has committed to at least a 52% reduction in emissions across all scopes by 2030 and a 90% reduction by 2040. The major drivers for the net zero pathway include reducing emissions from its supply chain, developments and standing portfolio.

Ed Green, director – Sustainability, Grosvenor Property UK said: “With 2022 the first full year of the pathway not impacted by any COVID restrictions, and building occupancy and development activity normalising, this continued reduction is a significant achievement.

“Central to our ongoing success is developing stronger relationships with our supply chain. Through a partnership approach we have been able to get more accurate data, better understand our impact, and more effectively target interventions.”

Grosvenor said 44% of its suppliers by spend now report emissions data to the business and 52% hold a validated Science Based Target.

Green added: “We still face many challenges to meet our ambition of reducing emissions by 90% by 2040. Collaborations and innovations that address our largest emissions sources are an exciting opportunity and we’ll continue to invest in technologies and partnerships that will support our goals and deliver effective climate action.”