Grosvenor Britain & Ireland has published a pathway detailing how it will meet its 2030 net zero carbon commitment.
In the next decade, GBI will cut all emissions in the business including those it does not have direct control over by at least 52% from a 2019 baseline. Any residual carbon that cannot be avoided will be offset to reach net zero.
Meeting the goal will see every facet of the business transformed.
A new £90m NetZero Fund will support an accelerated retrofit and energy efficiency programme in our historic Mayfair and Belgravia portfolio. All construction projects will be monitored via Environmental Scorecards to ensure low embodied carbon targets are met and emissions across the supply chain will be driven down.
GBI has many tools in place to deliver net zero including its recently launched green land has already reduced Scope 1 and 2 emissions by 29% since 2015.
It will now report on progress against the Pathway every year until 2030.