Great Portland Estates PLC GPE commits to become a net zero carbon business (4066N)
20 May 2020 - 4:00PM
UK Regulatory
TIDMGPOR
RNS Number : 4066N
Great Portland Estates PLC
20 May 2020
20 May 2020
GPE commits to become a net zero carbon business by 2030
Great Portland Estates plc (GPE) announces the launch of "The
Time is Now", our sustainability statement of intent. Looking out
to 2030, our statement of intent is underpinned by four pillars and
commitments that we will:
-- Decarbonise our business to become net zero by 2030
-- Design climate change resilient and adaptable spaces
-- Create a lasting positive social impact in our communities
-- Put health and wellbeing front and centre of the group's operations
With sustainability touching everything that we do, this
statement of intent builds on our existing focus and strong track
record in this critical area, including our support of the Better
Buildings Partnership's Climate Change Commitment, the announcement
of ambitious new energy and carbon targets last May, the issue on
the first ESG-linked bank facility by a UK REIT in February and
achieving a five star rating in GRESB for the fourth consecutive
year.
Crucially it also firmly connects our strategy around the
environment, our social impact and health and wellbeing,
integrating them across our business, supply chain and our
stakeholders. To support our commitments we will:
-- Reduce energy and carbon intensity at our occupied properties
by 40% and 69% respectively and embodied carbon in all our
developments, refurbishments and fit-outs by 40% by 2030
-- Increase biodiversity by 25% across our portfolio to improve
climate change resilience, air quality and health and wellbeing
outcomes
-- Create at least GBP10 million of social value in our communities by 2030
-- Prioritise initiatives to support the health and wellbeing of
our people, occupiers and supply chain partners
For more details, please see "The Time is Now" at
www.gpe.co.uk/sustainability
Toby Courtauld, Chief Executive commented "The world of
sustainability is complicated, but at GPE, our approach is simple.
We will decarbonise our business and ensure our spaces are
adaptable and resilient to climate change by 2030. We will create a
lasting positive social impact, whilst putting health and wellbeing
front and centre. Working with our supply chain partners who share
our vision, we're using the latest technology and innovation to put
our ideas and plans into practice, to help London to thrive."
Contacts:
Great Portland Estates plc +44 (0) 20 7647 3000
Toby Courtauld, Chief Executive
Nick Sanderson, Finance and Operations Director
Janine Cole, Director of Sustainability & Community
Finsbury Group +44 (0) 20 7251 3801
James Murgatroyd
Gordon Simpson
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END
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