About us Our expertise Our impact Our businesses News and insight Careers Contact us How do we deliver social benefit? Prioritising social benefit Our vision is to put mitigating climate change and the promotion of healthy, inclusive, and economically resilient businesses and communities at the heart of everything we do. We drive positive environmental and social change across our portfolio by ensuring we innovate, for example by trialling new sustainable building materials, as well as by integrating environmental measures into all our investment decisions and during the building design process. We also ensure the well-being of our staff, tenants, occupiers, visitors and the local communities who spend time in and around our assets, for example by measuring the air quality in and around our assets. Our strategy for delivering social benefit is an ambitious but essential one. It identifies five priority areas where we believe we can have the most measurable impact on social and environmental sustainability. It also defines 25 bold targets we are determined to achieve by 2025. To help guide us and measure our success, we have chosen to align our strategy with relevant UN Sustainable Development Goals and the Paris Agreement, and we will openly report on our progress. We also support projects that allow our portfolio to receive vital ESG accreditations including BREEAM, LEED and GRESB. We are confident that our farsighted vision, our committed, professional and passionate team and our openness to collaborating and innovating will support the realisation of our ambitions. View our social benefit strategy Our five priority areas Our strategy for delivering social benefit is an ambitious but essential one. It identifies five priority areas where we believe we can have the most measurable impact on social and environmental sustainability. Net zero carbon Net zero carbon Achieve net zero operational carbon for directly controlled buildings by 2030 and achieve net zero operational & embodied carbon for all buildings by 2050. Read more about our approach to net zero carbon below. Sustainable buildings Sustainable businesses and communities Health and wellbeing Nature Our Goal: Net Zero One of the most effective ways we can minimise our impact on the environment, and future-proof our business activities, is to reduce the carbon emissions of our real estate portfolio. In 2019, we were one of the first signatories of the Better Buildings Partnership and World Green Building Council net zero carbon commitments. Our commitment is to ensure buildings within our direct control will operate at net zero carbon by 2030, and all buildings (directly and indirectly managed) to achieve embodied and operational net zero carbon by 2050. In 2020, we launched our net zero carbon strategy, which will guide us to our first target in our net zero journey. Our aim is to reduce our total carbon emissions by 50% by 2030. This strategy was approved by the Science Based Targets Initiative (SBTi) in early 2021, and verified in line with the most ambitious trajectory of the Paris Agreement, to limit global warming to 1.5oC. How will we reach net zero? The first target in our net zero carbon journey is to reduce our total carbon emissions by 50% by 2030. To do so, we will focus on three areas: Cutting energy use in buildings by a third; Cutting the embodied carbon intensity of our developments by 50%; and Cutting the carbon intensity of purchased goods and services by at least 60%. Energy use in buildings – 34% Purchased goods and services – 38% New developments – 22% Other – 7% Energy use in buildings We will reduce energy consumption in our buildings by an average of a third between 2020 and 2030. We will ensure that the energy use intensity of our assets aligns with industry-leading net zero carbon definitions. We will implement measures to reduce energy consumption in landlord areas and conduct net zero carbon audits to identify initiatives to improve the fabric of buildings and tenant areas. We will develop green lease clauses, tenant engagement plans and improve sub-metering to address tenant consumption. Executive Summary Read a summary of our net zero carbon strategy Our Goal: Net Zero Read our full net zero carbon strategy L’objectif zéro émissions nettes L’objectif zéro émissions nettes: Rapport de synthèse Vårt mål Netto noll Vårt mål: Netto noll. Executive Summary Objetivo cero emisiones Objetivo cero emisiones: Informe ejecutivo About us Our expertise Our businesses News and insight Careers Contact us Accessibility Modern Slavery Privacy and Cookies Legal Grosvenor Group is part of the Grosvenor Estate © 2020 Grosvenor Ltd. All rights reserved. Follow us on social media: Read more I accept