Landsec develops £135m net zero transition investment plan

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Landsec has created a new £135m net zero transition investment plan to help the group achieve its 2030 science-based targets and decarbonise its portfolio

The £135m net zero transition 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 Landsec’s 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.

‘Driving forward change’

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.”

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