Our Net Positive targets

We aim to be Net Positive for carbon, water, resource use and social impacts by 2030.

These targets are very ambitious and will be challenging to achieve. They have a number of importance characteristics:

  • They include Scope 1, 2 and 3 emissions from our managed assets in the UK, Ireland and France and our social impacts
  • The tenanted areas of our managed assets are included in these targets as are the embodied carbon impacts of our development programme
  • The targets are being tackled in three 5-year phases starting in 2016 and ending on 31 December 2030.
  • The first phase ends on 31 December 2020 and includes landlord controlled, operational impacts from our directly managed portfolio. This means we aim to be emitting at least 31,000 tonnes less C02e through our business activities by the end of 2020 than we did in 2015
  • The targets are calculated on a proportionate ownership basis
  • Achieving our environmental targets will require an element of offsetting.  We minimise the requirement for offsetting by focusing on demand reduction through efficiencies.
  • To count towards Net Positive our renewable power contracts in the UK must directly enable subsidy free additional clean power to be generated.

Our Environmental Footprint

Hammerson has set out an ambit...

Our approach to achieving our Net Positive targets

We are working towards our Net Positive target by:

  • Setting clear short term targets for each asset
  • Continually monitoring and managing on site consumption
  • Installing energy and water efficient technologies
  • Investing in renewable technologies
  • Setting clear design standards for our developments
  • Developing opportunities for local environmental offsets 

Our carbon, water and resource use footprint was calculated in 2015.  A summary is available to download here: Our Environmental Footprint

We also calculated our social impact footprint.  A summary report is available here: True Value of Retail

More information on our strategy for achieving these targets and our progress so far is available here.

“Hammerson taking a leadership role in Net Positive is extremely exciting, not just because of the significant positive impacts this will have from an environmental and socio-economic point of view, but most importantly because it will be able to transform the sector as a whole, by leading the way, showing others who will hopefully follow suit.”

Darren Berman, Lead Director, Upstream Sustainability Services, JLL