Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Community Engagement
• Employee Wellbeing
• Diversity & Inclusion
• Ethical Business Practices

Environmental Achievements

• 36% reduction in carbon emissions (Scope 1 & 2) since 2018
• 85% of electricity purchased from green tariffs
• 5 million trees planted through forestry projects
• Implemented energy-efficient technologies in offices (LED lighting, motion sensors, EV charging points)

Social Achievements

• £1.51 million donated to charity
• Over 436 hours of pro bono advice to 21 charities
• £192,870 donated to LandAid COVID emergency fund
• Supported various community initiatives (e.g., mentoring programs in schools, food growing towers)
• Times Property Graduate Employer of Choice Award for the 14th year

Governance Achievements

• Implemented anti-corruption training for all staff
• Commitment to ethical and inclusive workplace (Stonewall Workplace Equality Index, Level 2 Disability Employer, RICS IEQM)
• Joined EG Future Female Leaders Programme

Climate Goals & Targets

Environmental Challenges

• Reduced recycling rate due to COVID-19 hygiene measures

Mitigation Strategies

• Commitment to reducing general waste volume and maximizing recycling as we adapt to a post-pandemic lifestyle

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GHG Protocol

Certifications: ISO 14001 (majority of offices)

Sustainable Products & Innovation

• SaviQ sustainability software application

Awards & Recognition

• Times Property Graduate Employer of Choice Award

Environmental Metrics

ESG Focus Areas

• Climate Change

Environmental Achievements

• Reduced total Scope 1 and 2 GHG emissions by 6.2% year on year to 6,738 tonnes CO2e
• 34.7% reduction in the GHG financial intensity expressed as tonnes CO2e / £ million revenue since 2018
• 20.4% reduction in total Scope 1 and 2 emissions since 2018
• Implemented energy measures including LED light replacements, review of energy management measures, and shifting to zero or low emission vehicles

Social Achievements

• Not disclosed

Governance Achievements

• Established a TCFD Working Group supported by WillisTowersWatson to assess climate-related risk and develop action plans
• Regional ESG Groups established in UK, EMEA, Asia Pacific and North America, and Savills Investment Management to manage programs within the TCFD framework

Climate Goals & Targets

Environmental Challenges

• Increased frequency and severity of extreme weather events
• Changes in building standards and new requirements for property transactions, development and operations
• Increased stakeholder concern or negative stakeholder feedback
• Shifts in customer preferences for real estate services incorporating climate considerations
• Markets vulnerable to climate change becoming less desirable
• Specialist skills shortages
• Substitution of existing products or services with lower emissions options

Mitigation Strategies

• Savills UK set a net zero target on its scope 1 & 2 emissions by 2030. Savills IM set equivalent targets in 2021, and extended these to target net zero scope 3 emissions by 2040.
• Investing in the development of its sustainability offering across its Regional Businesses by building out the Savills Earth offering, complemented by appropriate training programmes
• Investing in technology solutions and strategic partnerships with, or acquisitions of firms offering climate-change related services and solutions
• Investing in detailed assessments of higher-risk assets currently held within its managed funds, and engaging with flood and coastal risk management agencies to plan future protection and consider divestment if adaptation measures are deemed inadequate.
• Proactively investing in expanding sustainability recruitment and training across its business

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Increased frequency and severity of extreme weather events (cyclones, hurricanes, heat waves, wildfires, floods)
• Gradual changes in weather patterns (heavy rain, wind, rising sea levels, temperatures)

Transition Risks

• Enhanced climate risk disclosures
• Introduction of emissions caps, carbon pricing and offsets
• Changes in building standards
• Increased stakeholder concern or negative stakeholder feedback
• Shifts in client preferences
• Substitution of existing products or services with lower emissions options
• Markets vulnerable to climate change becoming less desirable
• Specialist skills shortages

Opportunities

• Increased demand for sustainable design and performance advice
• Increased revenue from ESG consultancy services
• Climate-change related migration leading to increased consultancy and transaction advisory business
• Developments in data collection technology increasing revenue from emissions reporting and benchmarking
• Occupying more efficient buildings with smarter technology leading to cost reductions

Reporting Standards

Frameworks Used: TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Regional targets set to align with Sustainable Development Goals

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate
• Culture
• Community

Environmental Achievements

• Reduced scope 1&2 GHG emissions by 38% compared with the SBTi baseline year of 2019
• Achieved 76% green or REGO backed gas and 83% green or REGO backed electricity supplies
• Transitioned 1,126 office desks from PCs to single screens with plug-in laptops, reducing energy consumption by 46%
• Recycling rate of 44%
• Savills Earth advised clients on 1 megatonne of carbon storage and 400,000 tonnes of rural carbon reduction
• Advised on 36,000 acres of peatland restoration and over 2,500 acres of new tree planting measures

Social Achievements

• 54% of those promoted in 2022 were women (up from 51% in 2021)
• Launched a network of 130 sustainability enablers
• Donated £726,000 and 4,780 working hours to charities
• 70% increase in apprentice hires (from 67 in 2020 to 230 in 2022)
• Reached over 2000 students as part of educational outreach
• Awarded Pro Bono Contributor of the Year at the LandAid awards
• Awarded Apprenticeship Employer of the Year at the Personnel Today Awards
• 23% of applicants for all roles (as of March 2022) are from an ethnic minority (up from 14% in April 2021)

Governance Achievements

• Savills PLC joined the Race to Zero campaign and the Science Based Targets initiative (SBTi), committing to net zero carbon by 2040
• Retained Level 2 Disability Confident Employer status
• Achieved ISO 45001 Occupational Health and Safety certification in 52 offices

Climate Goals & Targets

Environmental Challenges

• Volatile energy market made achieving 100% green energy and gas tariffs challenging
• Increased printing due to return to office (though still 68% decrease compared to 2019)

Mitigation Strategies

• Committed to transferring remaining directly procured energy supplies to green by the end of 2023 and encouraging landlords to do the same
• Streamlining printer fleet and promoting digital-first policies

Supply Chain Management

Responsible Procurement

• Sustainable procurement policies (including resource efficiency, biodiversity, and environmental impact considerations)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Sustainable Development Goals (SDGs), Science Based Targets initiative (SBTi), World Green Building Council’s Net Zero Carbon Buildings Commitment

Certifications: ISO 14001 (in 107 offices), ISO 45001 (in 52 offices)

UN Sustainable Development Goals

• Goal 3: Good Health and Well-being
• Goal 4: Quality Education
• Goal 5: Gender Equality
• Goal 7: Affordable and Clean Energy
• Goal 8: Decent Work and Economic Growth
• Goal 11: Sustainable Cities and Communities
• Goal 12: Responsible Consumption and Production
• Goal 13: Climate Action
• Goal 15: Life On Land

Savills' sustainability strategy is directly aligned with these SDGs through 28 UK SMART targets.

Awards & Recognition

• Pro Bono Contributor of the Year (LandAid)
• Apprenticeship Employer of the Year (Personnel Today Awards)

Environmental Metrics

ESG Focus Areas

• Climate
• Culture
• Community

Environmental Achievements

• Reduced UK greenhouse gas emissions by 25% year on year and 53% compared with the baseline year of 2019
• 88% of electricity and 92% of gas supplied by green or REGO backed tariffs
• Removed 1700 desk telephones, saving enough energy to power 4 homes for a year
• Transitioned away from PCs to screens with plug-in laptops, reducing energy consumption at each desk by 46%
• Installed 46 smart meters enabling more accurate and timely reporting
• Completed over 180 carbon audits on behalf of clients
• Launched Sustainability Resources Hub

Social Achievements

• Donated and fundraised £895,000 to charities and community outreach initiatives
• Savills UK Apprenticeship Programme recognised by Bisnow’s Inaugural Rise Initiative for improving diversity in UK real estate
• Placed 37th in the Social Mobility Employer Index 2023, moving up 63 places
• Donated 10,800 hours to charities, educational outreach and community groups
• Gave 620 pro bono hours, including 327 hours via the LandAid pro bono programme
• Retained The Times Graduate Employer of Choice for Property for the 17th consecutive year
• Launched Diversity and Inclusion Network
• Increased percentage of ethnic minority employees to 15%
• Mean gender hourly pay gap improved to 20.11%
• Enhanced maternity leave policy and increased paternity leave to twelve weeks
• Launched charity partnership with Albert Kennedy Trust (AKT)
• Facilitated 227 apprenticeships, 13% from ethnic minority backgrounds
• Ranked first in the 2023-2024 RateMyPlacement Best 100 Student Employers

Governance Achievements

• Set verified Science Based Targets relating to scope 1, 2 and 3 emission reductions
• Savills UK, and its subsidiaries are Certified Living Wage Employers
• Mandatory onboarding training on bribery, corruption, financial crime, modern slavery, harassment, bullying and discrimination
• Confidential whistleblowing hotline, SafeCall
• IT department certified to ISO27001

Climate Goals & Targets

Environmental Challenges

• Scope 3 GHG emissions are the largest emission source (32,415 tCO2e in 2023)
• A small number of landlord-procured energy supplies are still in brown contracts
• Gender and ethnicity pay gap

Mitigation Strategies

• Working towards net zero carbon by 2040 for all three emission scopes
• Working towards operational net zero carbon by 2030
• Reducing absolute scope 1 and 2 GHG emissions by 72% by 2030
• Procuring green energy tariffs where available
• Benchmarking office energy consumption and auditing high-energy-intensity offices
• Improving energy efficiency of IT infrastructure
• Behavioral change campaigns
• Lower carbon transport routes encouraged via UK Business Travel Policy
• Cycle to Work and Electric Vehicle (EV) schemes
• Addressing gender and ethnicity pay gap explicitly in annual pay gap report

Supply Chain Management

Responsible Procurement

• Sustainable procurement policies including requirements to maximise resource efficiency and reduce environmental impacts; biodiversity and ecosystem impact considerations and implement a sustainable cleaning practices

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SBTi, World Green Building Council’s Net Zero Carbon Buildings Commitment

Certifications: ISO 14001, ISO 45001, ISO27001, Cyber Essentials Scheme

Third-party Assurance: Independent third party for scope 1 and 2 GHG emissions

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)
• Goal 15 (Life On Land)
• Goal 5 (Gender Equality)
• Goal 8 (Decent Work and Economic Growth)
• Goal 3 (Good Health and Well-being)
• Goal 4 (Quality Education)
• Goal 11 (Sustainable Cities and Communities)
• Goal 12 (Responsible Consumption and Production)

Savills selected nine of the seventeen SDGs as the foundation of their strategy.

Awards & Recognition

• EDI Programme of the year at Property Week’s Inaugural Inspiring Women in Property Awards
• First place ranking in the Top 100 Apprenticeship Employers of 2023-2024 at the Rate My Apprenticeship Awards