Landsec is creating a £135m Net Zero transition investment plan to help it achieve its 2030 targets.
The £135m investment programme will be used across Landsec’s entire portfolio. It is expected that overall the programme will see 24,000 tonnes of carbon emissions removed from its operations – equivalent to over 35,000 return flights from London to New York.
The nine-year investment programme will support Landsec’s decarbonisation plans by:
Reducing operational energy use through:
- Optimising building management systems, using innovative Artificial Intelligence technologies
- Engaging our customers on energy efficiency to drive down consumption
Moving to cleaner sources of energy through:
- Replacing gas-fired boilers with electric systems such as Air Source Heat Pumps (ASHP).
- Investing in renewable energy including adding onsite renewable capacity through more solar PV panels
Mark Allan, Landsec CEO said: “Our net zero transition investment plan is a significant commitment to ensure that Landsec delivers against its science-based target to reduce carbon emissions by 70% by 2030.
“We’re investing across our entire estate because we want to remain at the forefront of everything the property sector is doing to respond to the climate crisis. Through these actions, we’ll be supporting the current and future needs of our customers, communities and stakeholders as we help them transition to a low carbon world.
“Never has it been more important to prioritise carbon reduction programmes. The future of the planet depends on businesses like ours driving forward change – as quickly as we can.”
Alongside this investment, Landsec remain committed to designing and building net zero buildings with The Forge, its first net zero building, on track to complete in October 2022 having achieved to date a 25% reduction in embodied carbon from the initial design stage.
