Climate Change Data

Grosvenor Property UK

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:100% (electricity)
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Zero Carbon
  • Zero Waste
  • Valuing Nature
  • Increase Wellbeing
  • Support Business Growth
  • Build Sector Diversity
  • Targeted Philanthropy

Environmental Achievements

  • 26% reduction in carbon emissions from 2019 across scope 1, 2 and 3 (c. 15,600 tonnes)
  • 43% of projects achieved 2030 waste volume targets
  • 3.7% uplift in Biodiversity Net Gain in managed spaces across London
  • 64% recycling rate at head office (17% year-on-year increase)
  • 98.3% of non-hazardous waste from developments diverted from landfill
  • 1 million sq ft of space retrofitted across London portfolio

Social Achievements

  • 77% of communities satisfied with engagement approach
  • £1.1 million contributed to the Westminster Foundation
  • 188 students reached to support diversity and inclusion in property sector
  • 27% of 2023 spend with local businesses
  • 3,390 hours volunteered since 2021
  • 88 people upskilled in communities, including 37 apprenticeships supported
  • £1 million spend with organisations in the social economy

Governance Achievements

  • Business-wide climate risk registers in place
  • Annual risk assessment conducted
  • Sustainability Roadmaps reviewed annually
  • Performance across sustainability indicators impacts up to half of employees’ discretionary bonus

Climate Goals & Targets

Long-term Goals:
  • Become a net zero carbon business across all activities in line with limiting global warming to 1.5 OC
Medium-term Goals:
  • By 2030, achieve at least a 52% reduction in absolute carbon emissions across Scope 1, 2 and 3 and 90% by 2040 (vs. 2019)
  • By 2030, 40% of suppliers by emissions will have a Science Based Target
  • By 2030, 20% biodiversity net gain in managed space across London
  • By 2030, 35% biodiversity net gain in Liverpool ONE
  • 85% development waste reused or recycled by tonnage by 2030
  • 75% recycling rate for corporate facilities by 2030
Short-term Goals:
  • By 2025, 100% of developments must be less than 500kgCO2 e/m2 on completion, achieve net zero carbon pathway compliant EUI targets and be all-electric
  • By 2025, be carbon neutral across our whole value chain

Environmental Challenges

  • Increased supply chain emissions due to increased retrofit activity
  • Development activity resulting in an 8% year-on-year increase in overall emissions
  • Accessing accurate energy data remains challenging
  • Setting clear social impact goals more challenging than environmental goals
  • Initially overly complex green leases reducing occupier engagement
  • Too many reporting requirements for suppliers
Mitigation Strategies
  • £90 million retrofit programme
  • Deployment of innovative tools like Demand Logic for energy savings
  • Accelerated use of technologies for more accurate energy data (smart meters)
  • Redefined social impact aims to be more actionable
  • Reviewed and refined green leases, simplifying them and increasing occupier engagement
  • Made supplier reporting requirements more proportionate to contract value and material impacts
  • SME Supplier Mentoring Programme

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supply Chain Charter
  • Place-first procurement approach
  • Supplier recycling rates incorporated into procurement selection process
  • Materials Schedule in Sustainable Development Brief

Climate-Related Risks & Opportunities

Physical Risks
  • Surface water flooding
  • Storm damage
  • Heat stress
  • Subsidence
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Retrofit opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: Science Based Targets initiative, Taskforce for Climate Related Financial Disclosures (TCFD), Better Building Partnership’s green lease toolkit, Westminster City Council’s Sustainable City Charter, NABERS UK

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • UK Green Building Council’s Building of the Year Award (Holbein Gardens)