We recognise the growing need to do more for our planet and are committed to achieving net-zero carbon emissions by 2050, with a focus over the next 18 months on establishing a roadmap for a science-based interim 2030 reduction target.
Through the comprehensive energy audits currently underway, we can establish a prioritisation roadmap to identify a variety of energy efficiency programmes which will inform our strategy to reach our net-zero ambition by 2050.
Our efforts over the next 18 months include setting a short-term emissions and 100% renewable energy target, and exploring opportunities to phase out fossil fuels from our existing portfolio. We understand that emissions from our partners and tenants (Scope 3 emissions) are a significant portion of our carbon footprint and and we will continue to work with our tenants to improve energy and water efficiencies and increase renewable energy procurement where possible.
ESD guidelines set out stringent requirements for all new developments to permit net-zero carbon operation and minimise upfront emissions from the design construction process.