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We aim to be Net Zero for carbon, water, resource use and social impacts by 2030

Transitioning each of our assets to Net Zero Carbon will support our journey to Net Zero and is a key area of focus for our business and for our investor partners.  We have set a series of medium and long term targets to deliver this. 

Medium-term targets

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2023
Establish route map to transition flagship assets to certified Net Zero Carbon status
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10% year on year reduction in corporate emissions, remainder to be offset

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2025
Reduce Scope 3 carbon emissions from the operational portfolio by 30% v 2019
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Transition one flagship asset to certified Net Zero Carbon status

Long-term targets

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2030
Transition 50% of Flagship assets to certified Net Zero Carbon status. Zero fossil fuel gas for landlord services
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Hammerson to be Net Zero for carbon, water, resource use and socio-economic impacts

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2040
100% of Hammerson assets to be certified Net Zero Carbon

About our carbon emissions targets

  • They include Scope 1, 2 and 3 emissions from our managed assets in the UK, Ireland and France and our social impacts  
  • The tenanted areas of our managed assets are included in these targets as are the embodied carbon impacts of our development programme  
  • The targets are calculated on a proportionally consolidated basis  
  • Achieving our environmental targets will require an element of offsetting, which we minimise the requirement for by focusing on demand reduction through efficiencies  
  • To count towards Net Zero our renewable power contracts in the UK must directly enable subsidy free additional clean power to be generated
  • These are absolute targets  

Download our latest ESG report

ESG Report