The SBTi is the leading international and independent organisation challenging companies to reduce their greenhouse (GHG) emissions in line with the Paris agreement. Following a detailed review of our net zero carbon strategy, it was approved in line with the most ambitious trajectory, to limit global warming to 1.5^oC.  

Sara Lucas, CEO, Grosvenor Europe, comments: “SBTi approval is an incredibly important moment as we begin implementing our net zero carbon strategy. Not only is our approach in line with leading companies around the world, but we now have a clear vision of what we need to do in the short term, to prevent the worst impacts of climate change and future proof business growth.”   

Grosvenor Europe’s 2030 net zero carbon strategy will reduce our total carbon impact by 50%. To achieve this, we will focus on three core areas:   

1.       Cut energy use in our buildings by one third
2.       Reduce the embodied carbon intensity of our developments by 50%
3.       Reduce the carbon intensity of purchased good and services by at least 60%  

We also recognise that achieving our own targets will require us to engage with and support our occupiers and suppliers and investment partners with their own sustainability goals.

The SBTi approval in one more positive step in our journey to net zero. For many years we have considered the environmental impact of investment, management and development decisions. We already invest in net zero ready buildings, like the IDOM office building in Madrid, and in sustainable energy sources, like geothermal heating and cooling in Bålsta Centrum in Stockholm.    

And in 2019, we were one of the first real estate companies to sign up to the World Green Building Council and Better Buildings Partnership commitments. This requires us to ensure all buildings within our direct control will operate at net zero carbon by 2030, and for all buildings (directly and indirectly managed) to achieve embodied and operational net zero carbon by 2050. 

For more information on our Net Zero Carbon Strategy and to download the report, please visit here.