Business
Publication of Capco's Net Zero Carbon Pathway
Publication of Capco's Net Zero Carbon Pathway.
About this update from Shaftesbury Capital Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9895U\n Capital & Counties Properties Plc\n 08 December 2021\n \n \n \n \n \n 8th December 2021\n \n \n \n \n \n \n CAPITAL & COUNTIES PROPERTIES PLC (\"Capco\")\n \n \n \n \n \n PUBLICATION OF CAPCO'S NET ZERO CARBON PATHWAY \n \n \n \n \n \n Following Capco's commitment in February 2021 to achieve Net Zero Carbon by 2030, Capco today announces the publication of its Net Zero Carbon Pathway and its intention to join UN Race to Zero.\n \n \n \n \n \n Responsible stewardship is one of the key strategic priorities for Capco, underpinned by effective governance and delivering positive sustainable outcomes that enhance value for our stakeholders. The Pathway sets out how we will deliver our Net Zero Carbon commitment by 2030 as well as becoming Net Zero Carbon in our corporate activities by 2024. These timelines reflect the urgent challenge of tackling climate change and how we will continue to engage with and support our stakeholders to achieve this. \n \n \n \n \n \n Our approach recognises that our heritage buildings represent a long-term store of carbon. We will leverage the existing embodied carbon by making effective improvements to our buildings. Capco will focus on five key activities:\n \n \n \n \n \n · \n 50% reduction in embodied carbon emissions to below 475kg CO2e per m2 by 2030 by prioritising innovative refurbishment using sustainable materials and using Whole Life Carbon assessments \n \n \n · \n 60% reduction in operational carbon intensity by driving down energy demand in all our activities \n \n \n · \n Prioritise innovation and renewables through new technologies and energy initiatives as well as working with an innovative supply chain\n \n \n · \n Enhance climate adaptation and resilience to improve building resilience \n \n \n · \n Residual Emission Offsetting using certified schemes \n \n \n \n \n \n Full details on our Pathway can be found on our website at\n \n \n \n https://www.capitalandcounties.com/responsibility/net-zero-carbon-pathway\n \n \n \n \n \n \n Capco's commitment to being Net Zero Carbon by 2030 is core to our business and earlier this year an environment, sustainability and community (\"ESC\") strategy was established, with a commitment to achieve Net Zero Carbon by 2030. \n \n \n \n \n \n Capco's Boa...