05 JULY 2022
Commitment to use 100% net zero concrete by 2050 follows SteelZero pledge
Grosvenor has signed up to international non-profit Climate Group’s initiative ConcreteZero, joining a range of other businesses in a commitment to use 100% net zero concrete by 2050 and meet ambitious short-term commitments to use 30% low emission concrete by 2025 and 50% by 2030.
In addition to the pledges to move to a Net Zero concrete future, Grosvenor and other ConcreteZero members have committed to measuring and reporting on the carbon emissions associated with the concrete they use. This data will enable the industry to define what low emission and net zero concrete is, bringing clarity and enabling collective action.
The announcement builds on Grosvenor becoming one of the founding members of SteelZero in 2020, a global initiative aimed at driving market demand for net zero steel and transitioning to procuring, specifying or stocking 100% net zero steel by 2050.
Grosvenor’s UK property business has some of the most stretching environmental sustainability targets in its sector. Think Zero, its net zero pathway, commits it to reducing emissions across all scopes by at least 52% by 2030. With supply chain emissions accounting for almost 50% of the business’ carbon footprint between 2019 and 2030, working with partners committed to net zero will be a critical success factor.
By 2030, the business expects 40% of its supply chain by emissions to have a Science Based Target and, from 2023, does not intend to award contracts over £1 million to partners without a Science Based Target. To date, Grosvenor has worked with a third of its supply chain to achieve a Science Based Target through its Net Zero mentoring programme.
James Ennis, Director of Project Management, Grosvenor said: “We are delighted to be a founding member of ConcreteZero and work with our partners towards a net-zero concrete future. As part of our commitment to be net zero by 2030, we are transforming every element of our business, including our approach to construction. Today’s announcement builds on our membership of SteelZero and the work we are doing with our supply chain to drive down embodied carbon across our developments.”
Jen Carson, Head of Industry, Climate Group said: “By launching ConcreteZero we’re doubling down on our efforts to get the highest emitting industries to net zero. Steel and concrete production together emit the same level of CO2 as all road transport globally, and with demand for both going up, this is only set to increase. Targeting the concrete industry was therefore a no brainer. Adding ConcreteZero to our industry programme enables us to continue to push the construction and property sector along its path to net zero.”
About Grosvenor
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Grosvenor is an international organisation whose activities span urban property, food and agtech, rural estate management and support for philanthropic initiatives.
We are a values-led business which represents the Grosvenor family and share a common purpose - to deliver lasting commercial, social and environmental benefit - addressing today’s needs while taking responsibility for those of future generations.
With a track record of over 340 years, we work to improve urban property and places in many of the world’s leading cities, promoting sustainability within the built environment and enhancing the wellbeing of customers and communities.
Our UK property business supports c1,000 businesses and tens of thousands of residents and workers across London’s West End each day. We also invest in, create and manage sustainable neighbourhoods in Liverpool and across England. As a 1.5oC aligned company, pioneering change and new ways of thinking about property we aim to ensure our places benefit both people and the planet over the long term.
Matthew O'Connell
Senior Public Affairs & Communications Manager
+442073126153
matthew.oconnell@grosvenor.com
About Climate Group
Climate Group drives climate action. Fast. Our goal is a world of net zero carbon emissions by 2050, with greater prosperity for all. We focus on systems with the highest emissions and where our networks have the greatest opportunity to drive change. We do this by building large and influential networks and holding organisations accountable, turning their commitments into action. We share what we achieve together to show more organisations what they could do. We are an international non-profit organisation, founded in 2004, with offices in London, New Delhi and New York. We are proud to be part of the We Mean Business coalition.
About ConcreteZero
ConcreteZero is a global initiative that brings together pioneering organisations to create a market for net zero concrete. Led by international non-profit Climate Group, in partnership with World GBC and WBCSD, businesses that join ConcreteZero commit to using 100% net zero concrete by 2050, with two ambitious 2025 and 2030 commitments that set a clear pathway to net zero. By harnessing our member’s collective purchasing power and influence, ConcreteZero sends a strong demand signal to shift global markets, investment and policies towards the sustainable production and sourcing of concrete. #ConcreteZero