Hammerson’s forward-thinking approach to sustainability has positioned the business well in responding to the rising ESG expectations of the investor community and our wider stakeholders. Our long-term vision is to ensure we continue to optimise our assets to thrive in a low carbon, city-based, 21st century economy.
Our ESG strategy underpins this vision.
Rita-Rose GagnéCEO
In 2022, we realigned our sustainability strategy to the pillars of Environmental, Social and Governance (ESG). We assessed our material impacts and have reviewed our targets to focus on these with a refreshed commitment to being Net Zero by 2030 and ensuring our social value activity is asset centric, benefiting communities local to our destinations.
Latest performance headlines
Our response to key industry calls for action
Transition Pathway to Net Zero
We now have Net Zero Asset Plans (NZAPs) for all our destinations. By targeting Scope 1 and 2 emissions, these plans provide a clear pathway to achieving the Group target of being Net Zero by 2030 and our 2025 targets embedded in our Sustainability Linked Bond (SLB). The NZAPs contain multiple projects at our destinations over the period to 2028 and ensures a continued focus on energy reduction.
Response to Task Force for Climate-related Disclosures
In 2017 the Task Force for Climate-related Financial Disclosures (TCFD) published a set of reporting recommendations designed to support businesses in reporting climate-related risks. We have reported against these recommendations since 2018 and update our response annually.
Carbon Risk Real Estate Monitor (CRREM)
Transitioning to a net zero carbon economy presents significant risks for real assets. Using the CRREM tool, we have developed pathways for each of our assets and, using asset specific carbon reduction targets will work to minimise their transition risk.