We aim to be Net Positive for carbon, water, resource use and social impacts by 2030.
Hammerson’s Net Positive targets are very ambitious and will be challenging to achieve. They have a number of importance characteristics.
- They focus on our key material impacts: Carbon emissions, water, resource use and social impacts
- To count towards Net Positive our offsets have to be additional. For example renewable power contracts must directly enable additional clean power to come on stream to count towards our Net Positive targets. The same rules apply to water and resource use.
- Our targets have been divided into three 5-year phases starting in 2016 and ending on 31 December 2030.
The first phase ends on 31 December 2020 and includes our directly controlled environmental impacts.
- These are absolute targets measured against our 2015 environmental footprint.
- This means we are aiming to remove 31,000 tonnes of CO2e from the environment by the end of 2020 - our Phase 1 end date.