23 SEPTEMBER 2022

UK property business showcased in first Race to Zero progress report

This week #RacetoZero and #RacetoResilience, two major UN-backed global climate campaigns published their first joint progress report showcasing how the global fight to halve emissions by 2030 is progressing, and what still has to happen to keep warming to 1.5°C. 

Over the last two years, our UK property business has achieved a 24% reduction in emissions. Their work has been included alongside Google and Amazon as case studies sharing the successes and challenges of a small number of the 13,000 companies, institutions, cities, states and others racing to make a resilient, zero carbon world a reality. 

 Read the report here.

Grosvenor’s UK property business has been pioneering change and new ways of thinking about property and places for centuries. They are taking action across Race to Zero’s 5Ps: Pledge, Plan, Proceed, Persuade: 

Pledge: By 2040, Grosvenor will reduce emissions from their buildings, developments and value chain by 90% across all scopes - the first European property company to have this long-term science based target validated by the SBTi against their Net Zero Standard. Grosvenor also aim to be climate positive by 2050 and to see a 20% increase in biodiversity across managed green space by 2030, with a 100% increase on developments.  

PlanIn 2020, Grosvenor launched an ambitious net zero pathway, ‘Think Zero’, alongside the tools for success, including a £90m commitment to make their portfolio more energy efficient.  

Proceed: By 2022, Grosvenor had achieved a 24% absolute emission reduction against their baseline.  

PersuadeGrosvenor are an active advocate for climate action, being founding partners and members of several initiatives including the Better Building Partnership, UKGBC’s Advancing Net Zero Programme, ConcreteZero and SteelZero. 

About Grosvenor

Grosvenor is a property developer, manager and investor – we create great places where communities, business and nature thrive. 

In London’s West End, we support nearly 1,000 businesses and thousands of residents and workers each day.  We also invest in new neighbourhoods elsewhere in London, Liverpool and across the South of England.  

With a track record of over 340 years, we are part of an international property company improving property and places across many of the world’s leading cities, promoting sustainability within the built environment and enhancing the wellbeing of our customers and communities.   

We are a values-led organisation which represents the Grosvenor family. Our work in property, alongside Grosvenor’s other activities in food and agtech, rural estate management and support for philanthropic initiatives, shares a common purpose - to deliver lasting commercial, social and environmental benefit -  addressing today’s needs while taking responsibility for those of future generations.   

Thinking long term allows us to give equal weight to the environmental, social and commercial impact of everything that we do. 

Rachel Garstang 
Head of Corporate Communications,
rosvenor Property UK

+44 (0)20 7312 2341 ext.6957
rachel.garstang@grosvenor.com

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