Climate Change Data

CLS Holdings plc

Climate Impact & Sustainability Data (2020-2030, 2023)

Reporting Period: 2020-2030

Environmental Metrics

Total Carbon Emissions:66,291 tCO2e (2020)
Scope 1 Emissions:4,722 tCO2e (2020)
Scope 2 Emissions:6,220 tCO2e (2020)
Scope 3 Emissions:55,349 tCO2e (2020)

ESG Focus Areas

  • Positive environmental impact
  • Creating shared value
  • Being a responsible business

Environmental Achievements

  • Completed the Group’s largest PV array at Pacific House in Reading, generating 200,000kWh of renewable electricity annually

Social Achievements

  • Worked in partnership with the Social Value Portal to develop a new Social Value Framework

Governance Achievements

  • Developed a robust sustainability governance structure involving all levels of the organization

Climate Goals & Targets

Long-term Goals:
  • Be Net Zero Carbon by 2030
Medium-term Goals:
  • Achieve a like-for-like portfolio reduction in Group potable water consumption of 20% by 2030
  • Achieve a potable water intensity of 0.4m3/m2 NLA/annum for assets in areas of high water stress by 2030
  • Achieve Living Wage Foundation accreditation by 2025
  • 50% of Group debt comprised of ESG-linked loans by 2030
Short-term Goals:
  • Rewild 10% of maintained grassland by 2025
  • Develop a Circular Economy Plan and Biodiversity Net Gain Plan by 2025

Environmental Challenges

  • Managing the physical and transitional impacts of climate change
  • Decarbonizing downstream impacts from tenant activities
Mitigation Strategies
  • Developed a Net Zero Carbon pathway to 2030
  • Implementing tenant engagement and collaboration to reduce downstream emissions
  • Integrating ESG targets and KPIs within loans

Supply Chain Management

Responsible Procurement
  • Enhanced Responsible Procurement Policy
  • Commit to the prompt payment code with 95% of invoices from SMEs paid within 30 days

Climate-Related Risks & Opportunities

Physical Risks
  • Climate change impacts on assets
Transition Risks
  • Regulatory and fiscal adjustments for sustainability risks
Opportunities
  • Energy efficiency improvements
  • Investment in renewable energy

Reporting Standards

Frameworks Used: TCFD

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:104,565 tCO2e (Scope 1, 2 & 3)
Scope 1 Emissions:3,824 tCO2e
Scope 2 Emissions:3,481 tCO2e
Scope 3 Emissions:97,260 tCO2e
Renewable Energy Share:99.5% (electricity)
Total Energy Consumption:59,565,835 kWh
Water Consumption:211,729 m3
Waste Generated:1,251 tons
Carbon Intensity:20 kgCO2e/m2/year (Scopes 1 & 2)

ESG Focus Areas

  • Energy & Carbon
  • Biodiversity
  • Waste
  • Social Value (focus on youth skills)
  • Data Improvement

Environmental Achievements

  • 5% like-for-like decrease in Scope 1 and 2 GHG emissions
  • 8% like-for-like decrease in landlord energy consumption
  • 73 Net Zero Carbon Pathway projects completed, saving an estimated 741 tonnes CO2e annually
  • 111 kWp solar PV capacity installed
  • Over 50% of UK portfolio rated EPC A or B

Social Achievements

  • £261,948 equivalent social value generated (excluding supply chain), a 37% improvement from 2022
  • Achieved Living Wage Foundation accreditation
  • 985 staff volunteering hours

Governance Achievements

  • Continued implementation of new DE&I plan
  • Launched 'Sustainability Stars' awards for employees and contractors

Climate Goals & Targets

Long-term Goals:
  • Net Zero Carbon by 2030
Medium-term Goals:
  • Net Zero Carbon by 2030
  • EPC B rating ambition for 2030
  • 50% of Group debt comprised of ESG-linked loans by 2030
Short-term Goals:
  • Reduce carbon emissions and energy use in line with the Net Zero Carbon pathway model (3% like for like)
  • Ensure completion of relevant planned NZC energy efficiency and PV projects for 2024

Environmental Challenges

  • Increased electricity carbon factors due to the Ukraine war
  • High Scope 3 emissions due to major construction and refurbishment projects
  • Challenges with system problems and metering errors impacting energy and carbon data management
  • Need to improve recycling rates and waste data collection
  • Challenges meeting compliance with the Prompt Payment Code
Mitigation Strategies
  • Implementing energy efficiency projects and PV installations
  • Increased meter verification programme efforts
  • Waste education initiatives and new waste contract in Germany
  • New plan to address deficiencies in internal payment processes to improve prompt payment compliance
  • Developing plans to improve all EPC D & E rated buildings to B

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable and Responsible Supplier Code of Conduct
  • Incorporation of sustainability requirements in contracts (e.g., landscape maintenance)

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding
  • Extreme heat
  • Extreme cold
  • Windstorms
  • Drought
Transition Risks
  • Evolving building energy performance requirements
  • Emissions pricing and taxation
  • Increased cost of raw materials
  • Increased market demand for energy-efficient buildings
Opportunities
  • Increased market demand for energy-efficient buildings
  • Acquiring lower-rated buildings for redevelopment

Reporting Standards

Frameworks Used: EPRA sBPR, SASB, GRESB, TCFD

Certifications: BREEAM, EPC, EnEV, DPE, SKA

Third-party Assurance: DNV (limited assurance on key EPRA SBPR metrics)

UN Sustainable Development Goals

  • Goal 7
  • Goal 12
  • Goal 13
  • Goal 15

Initiatives contribute to these goals as detailed in the report

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed