Carbon

Target

Net zero emissions across Cadogan’s scope of influence by 2030

We have updated our net zero pathway, taking into account the emissions reductions achieved so far, increases in actual data provision and improved estimates for the remainder, and updated Estate retrofit modelling setting out the reductions we expect to achieve in building performance across Chelsea. We now believe we can achieve 53% emissions reduction through our pathway actions of tackling embodied carbon in developments, reducing operational impacts across landlord and occupier spaces, and maximising renewables – leaving 16,646 tCO2e to offset in order to reach net zero in 2030, together with continued emissions reductions targeted beyond 2030.

Since our 2019 baseline of 35,664 tCO2e, we have achieved a carbon saving of 10%. The greatest reductions have come from energy efficiency measures across landlord and tenant spaces, low-carbon development and supplier engagement.

Whilst landlord procured energy only represents 10% of our total footprint, we have seen a 7% reduction since 2019, driven by efficient lighting and heating retrofit, improved heating controls, and greatly improved data quality leading to easier analysis and identification of opportunities for improvement. Occupier consumption comprises 62% of our impact and our operational focus on improving occupier data sharing, energy monitoring and engagement is resulting in 3% energy reductions compared to 2019 (excluding the two abnormal COVID years).

We have committed to designing and building net zero buildings. In every project we aim to reduce lifecycle emissions by prioritising retention and material reuse, adopting smart design, employing the latest methods of construction and ensuring net zero is a central target in every development from inception. With long-term stewardship in mind, we design and build for resilience and adaptability in a changing environment and society.

We are signatories to the Better Buildings Partnership Climate Change Commitment and recognise our role as one in which we can support industry-wide innovation and act as a catalyst for change.

Streamlined Energy And Carbon Reporting

Note: Energy relating to transport (including business travel) is extremely low so excluded from the table above – but it is included in our total footprint.

CASE STUDY Supplier Engagement

Tackling the 20% of our footprint which comes from our supply chain requires a collaborative approach. 2022 saw engagement with over 100 of our closest supply partners, across a scale of size and sector (from sole traders to listed companies, from planning agencies to contractors), to enable them to measure their carbon footprints. Through a series of campaigns, workshops and meetings, we now have actual supplier emissions reporting for 26% of our supplier spend.

This improves the accuracy of our emissions reporting and ultimately helps us to better manage our joint impact. Through 2023 we will broaden and strengthen this engagement, supporting our partners in emissions reduction activities and working towards our net zero target.