Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity
• Sustainable Building Practices

Environmental Achievements

• Reduced absolute Scope 1 & 2 GHG emissions by 59% from 2019 to 2023 (exceeding SBTi target of 46.2% by 2030)
• Launched one of the largest Passive House developments in Europe, reducing Scope 3 emissions by an estimated 9,500 tonnes of carbon compared with standard building regulations
• Targeted Biodiversity Net Gain (BNG) on increasing numbers of developments
• Planted 18,000+ trees in 2023, 52,000+ to date

Social Achievements

• Home Together community initiative with over 1,106 adults and children attending 21 activations in 2023
• Partnership with Supply Chain Sustainability School Ireland to upskill supply chain partners
• Incorporated biodiversity net gain, energy efficiency and carbon reduction into remuneration frameworks

Governance Achievements

• Formalized Board oversight of sustainability matters
• Established robust climate risk management
• Implemented comprehensive stakeholder engagement approach

Climate Goals & Targets

Environmental Challenges

• Reducing Scope 3 emissions (98% of total footprint)
• Transitioning to low-carbon options at the required pace
• Meeting stringent environmental conditions in project planning and delivery
• Increased costs due to future regulation (carbon pricing, material disposal fees)
• Potential land value depreciation due to flood risk
• Supply chain disruptions due to extreme weather events
• Reduced labour productivity due to heatwaves

Mitigation Strategies

• Science Based Targets Initiative alignment
• Implementation of dust suppression plans
• Integration of hot day factors into business practices
• Flood risk assessments in land appraisals
• Horizon scanning for legislative changes
• Environmental checklists in building practices
• Partnership with Supply Chain Sustainability School Ireland
• Use of timber frames, modular balconies and bathroom pods
• Development of timber-framed construction methodology

Supply Chain Management

Supplier Audits: Workshops every two years with suppliers representing c.50% of annual spend

Responsible Procurement

• Engagement with suppliers to encourage low-carbon products and services
• Development of building designs and construction techniques to support circularity

Climate-Related Risks & Opportunities

Physical Risks

• Increased overall temperature
• Sudden heatwaves
• Increased frequency of storms/flooding

Transition Risks

• Increased costs due to future regulation
• Inability to transition to low-carbon options
• Project planning and delivery failing to meet environmental conditions

Opportunities

• Availing of green finance
• Meeting demand for BER A-rated homes

Reporting Standards

Frameworks Used: CDP, ESRS, SBTi

Sustainable Products & Innovation

• Passive House apartments
• Timber-framed construction methodology

Environmental Metrics

ESG Focus Areas

• Climate Action
• Biodiversity
• Health and Safety
• Employee Welfare
• Community Engagement

Environmental Achievements

• Achieved a Grade B in the first full submission to the Carbon Disclosure Project (CDP)
• All homes have a minimum A rating for energy efficiency certified by BER
• 100% Forest Stewardship Council certified timber from responsibly managed forests
• First use of Rapid Impact Compaction
• First air source heat pumps installed
• Successful Light Gauge Steel pilot undertaken at Griffith Wood development, reducing carbon footprint
• Developed a soil management strategy reducing soil import/export and waste to landfill
• 6,811 tonnes of construction waste generated, with 96% recycled or recovered

Social Achievements

• Launched “Home Together” initiative to foster community building
• Upgraded Safe-T Certificate score from B to A
• Bespoke “Black Hat” Health & Safety training provided to 200 subcontractor supervisors
• Expanded Health and Wellbeing program for employees
• Established Health and Wellbeing and ED&I forums
• Attained ICD Bronze accreditation for ED&I
• 90% of employees feel connected to the company vision and goals
• 87% of employees stated they feel positive about their future at Cairn

Governance Achievements

• Transition from CSR to ESG
• First materiality assessment undertaken
• First TCFD disclosure
• Incorporated sustainability metrics into remuneration frameworks

Climate Goals & Targets

Environmental Challenges

• Reducing Scope 3 emissions (majority of total emissions)
• Managing climate-driven events impacting construction
• Meeting evolving stakeholder expectations on sustainability

Mitigation Strategies

• Conducting Lifecycle Assessments (LCA) of homes to understand embodied carbon
• Innovating in construction methods and materials (light gauge steel, heat pumps)
• Developing responses and remediations for climate-driven events
• Regularly refreshing materiality assessment

Supply Chain Management

Responsible Procurement

• 100% FSC certified timber
• Sustainable procurement practices

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Increased rainfall

Transition Risks

• Regulatory changes
• Market shifts towards lower-carbon homes

Opportunities

• Developing energy-efficient homes
• Innovating in construction methods

Reporting Standards

Frameworks Used: SASB Standards, TCFD, GRI (partial)

Sustainable Products & Innovation

• Energy-efficient homes
• Homes with air source heat pumps

Environmental Metrics

ESG Focus Areas

• Climate Action
• Biodiversity
• Health & Safety
• Responsible Sourcing
• Affordable Housing
• Employee Wellbeing & ED&I
• Community Building

Environmental Achievements

• Reduced Scope 1 & 2 GHG emissions by 6.4% (2022 vs 2021)
• Reduced Scope 3 GHG emissions per square meter by 5.4% (2022 vs 2021)
• Switched to HVO fuel, reducing CO2 emissions from fuel by 90% and other harmful emissions by 85%
• 100% of sites had biodiversity assessments
• Implemented rapid impact compaction for soil stabilization, aiming for net-zero soil import/export

Social Achievements

• Delivered 1,526 new homes in 2022, almost 500 of which were social and affordable
• Maintained Safe-T Cert Grade A rating for health and safety
• Expanded mental health first aider program, partnering with the Lighthouse Club
• Launched Excellence in Health & Safety Awards Initiative for subcontractors
• Expanded Home Together community building program to six developments

Governance Achievements

• Submitted Scope 1-3 GHG reduction targets to SBTi for verification
• Undertook quantitative and qualitative scenario analysis for TCFD disclosures
• Incorporated environmental and social metrics into remuneration frameworks
• Achieved Silver status in Investors in Diversity pathway

Climate Goals & Targets

Environmental Challenges

• Housing crisis in Ireland with a significant supply gap
• Rising energy costs and energy security concerns
• Climate change risks (transitional and physical)
• Supply chain disruptions and material cost fluctuations
• Securing a reliable supply of sustainable materials at scale

Mitigation Strategies

• Building energy-efficient A-rated homes with heat pumps
• Developing a responsible sourcing program to engage with suppliers on ESG issues
• Implementing a robust risk management framework to address climate-related risks
• Investing in innovation through the Innovation Forum
• Developing alternative sourcing strategies for sustainable materials

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Developing a Responsible Sourcing program, including a Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Heatwaves
• Increased dust on site due to dry periods

Transition Risks

• Emerging regulation on carbon emissions and energy efficiency
• Challenges in transitioning to low-carbon options
• Potential for increased material costs due to carbon pricing

Opportunities

• Development of energy-efficient products and services
• Increased demand for sustainable homes

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: Safe-T Cert Grade A

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Energy-efficient homes with heat pumps
• Prefabricated components

Awards & Recognition

• Great Place to Work accreditation

Environmental Metrics

ESG Focus Areas

• Climate Action
• Biodiversity
• Health and Safety
• Responsible Sourcing
• Placemaking and Communities
• Wellbeing
• Equality, Diversity and Inclusion (ED&I)
• Learning and Development

Environmental Achievements

• Reduced Scope 1 & 2 emissions by 59% from a 2019 baseline (exceeding SBTi target of 46.2%).
• Launched one of the largest Passive House developments in Europe (Piper's Square), delivering high energy efficiency and lowered operational carbon usage.
• Completed Three Trouts Way, a 1.5km greenway constructed as a raised boardwalk to protect local flora and fauna.
• Planted over 18,000 trees in 2023 (52,000+ to date).

Social Achievements

• Maintained Safe-T Cert Grade A rating.
• Achieved ISO 45001 (Occupational Health and Safety Management), ISO 14001 (Environmental Management), and ISO 9001 (Quality Management) certifications.
• Launched the Home Together initiative, empowering residents to steer future actions in their communities.
• Implemented a €3,500 one-off cost of living allowance to employees below senior management level.
• Invested €10 million in the Cairn Apprenticeship Scheme.

Governance Achievements

• Achieved CDP Grade A-.
• Incorporated environmental and social metrics into remuneration frameworks.
• Science-Based Targets Initiative (SBTi) approved near-term targets and committed to Net Zero by 2050.

Climate Goals & Targets

Environmental Challenges

• Transitioning to low-carbon products at the required pace due to public/local authority obstacles and securing reliable supply of reused materials.
• Potential future regulation restricting building practices, increasing costs, or lengthening build times.
• Increased temperatures, heatwaves, and rainfall intensity impacting home design and construction.
• Rising sea levels and increased rainfall increasing flood risk.
• Skills shortage in the construction industry.

Mitigation Strategies

• Technical team reviews low-carbon products and processes.
• Science-Based Targets aligned with a 1.5°C pathway.
• Technical, Construction, and Environmental teams analyze climate pattern impacts on house types and mitigate overheating.
• Flood risk assessments incorporated into land appraisals.
• Cairn Apprenticeship Scheme (€10 million investment).

Supply Chain Management

Supplier Audits: c.2,000 Environmental, Health and Safety reviews in 2023.

Responsible Procurement

• Workshops with supply chain partners; establishment of Supply Chain Sustainability School Ireland.

Climate-Related Risks & Opportunities

Physical Risks

• Increased temperatures and heatwaves
• Increased rainfall intensity
• Increased risk of flooding

Transition Risks

• Inability to transition to low-carbon products quickly enough
• Future regulations restricting building practices
• Increased material costs due to carbon pricing

Opportunities

• Increased demand for energy-efficient homes

Reporting Standards

Frameworks Used: SASB, GRI, TCFD

Certifications: ISO 14001, ISO 45001, ISO 9001, Safe-T Cert Grade A

Sustainable Products & Innovation

• Passive House homes

Awards & Recognition

• Developer of the Year National Property Awards
• Great Place To Work 2022, 2023, 2024
• Certified Residential Project of the Year ICE Awards
• Investors In Diversity Silver
• Well Community Standard Registered
• Community Development Award - Society of Chartered Surveyors Ireland