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Sunday, 25 February

Bailey Builds on LandSec's Emissions Busting

Land Securities is the first property company in the world to get Science Based Targets initiative approval.

The initiative champions science based target setting as a way of boosting companies’ competitive advantage in the transition to a low-carbon economy. It is a collaboration between CDP, World Resources Institute, the World Wide Fund for Nature and the United Nations Global Compact and one of the We Mean Business Coalition commitments.

This means that LandSec now has a pathway to deliver its commitment to cut emissions by 80% by 2050 compared to 2014 levels.

By adhering to the strict criteria of the Science Based Targets (SBT) initiative, companies can ensure the transformational actions it takes to cut emissions are aligned with current climate science.

LandSec has also become the first property company to sign up to The Climate Group’s EP100 campaign, committing to double energy productivity within 20 years, from a baseline year of 2014.

Robert Noel, Land Securities’ Chief Executive, said: "Working with facilities management provider NG Bailey has helped Landsec to reduce energy usage in our London office portfolio by 13% in 3 years. We have also increased our investment in LED lighting and solar PV across the retail portfolio.

“The Science Based Targets initiative reaffirms the ambition of our sustainability programme and our commitment to leading the sector. Reducing energy consumption will be the primary vehicle in achieving our goals. We are very pleased to be the first property company to sign up to EP100, ensuring we will increase our energy productivity for the benefit of our customers.”

The Science Based Targets initiative defines and promotes best practice in science based target setting, offers resources and guidance to reduce barriers to adoption and independently assesses and approves companies’ targets.

Article written by Cathryn Ellis

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