Net zero carbon strategy development for Shaftesbury PLC
Shaftesbury, a property investment company in central London, recognises the importance of sustainability in the underpinning of its operations. We have been working with Shaftesbury since 2002, assisting in developing and implementing their corporate sustainability and net zero carbon strategy, and continue as the retained consultant.
Key details
Project name
Corporate Strategy Development for Shaftesbury PLC
Client
Shaftesbury PLC
Location
Central London
Services provided
- Development and implementation of corporate sustainability strategy
- Mandatory greenhouse gas emission reporting
- BREEAM for domestic and non-domestic refurbishment
- Net zero carbon strategy
Challenge
Property developers or investors are increasingly required to demonstrate not only that the developments they are building satisfy sustainability criteria as measured by BREEAM and other certification bodies, but that their own businesses are managed in a socially responsible manner. The two are closely linked.
By embedding corporate social responsibility (CSR) into the core of its business, the developer and/or investor will easily be able to demonstrate adoption of best practice in sustainable design and throughout their operations.
In line with government requirements to achieve net zero by 2030, we have supported Shaftesbury in developing their net zero carbon strategy and continue to do so.
Solution
For over twenty years, we have been supporting Shaftesbury in implementing their sustainability strategy and ensuring it evolves in line with their needs.
Through identifying Shaftesbury’s key environmental, social and community issues, we have established clear priorities and programmes for improvement. Our focus was to develop pragmatic and achievable objectives, which are consistent with their business activities.
We have assisted in the implementation throughout its portfolio by close involvement with Shaftesbury’s management teams and managing agents. We also annually audit Shaftesbury’s progress and reports on their activities as part of the company’s reporting strategy. A core part of our role involves data collation and reporting for annual reporting.
During the course of the ongoing contract, we have provided the following deliverables:
- Engaging with Shaftesbury’s principal suppliers (project managers and managing agents) in the implementation of the CSR strategy and advising the suppliers on trends in sustainability and environmental requirements e.g. a detailed series of checklists for completion including legislation, specification of sustainable building materials and design, environmental impact, chain of custody for certified timber and waste management. The checklists are reviewed annually to ensure trends in sustainable development policy and practice as well as legislation requirements are addressed.
- Undertaking an annual review of refurbishment sites and management of Shaftesbury’s portfolio and drafting a publication on the company’s website. The review includes collation and analysis of performance data for energy use, waste, water, resource use, biodiversity, health and safety performance, social and community engagement. The performance of the key suppliers – project managers, site managers and managing agents is assessed as part of this review.
- Annual completion of submissions to FTSE4Good, GRESB, CDP, DJSI and others as required.
- Engagement with sectoral stakeholder groups to inform Shaftesbury’s ongoing strategy.
- We provided BREEAM certification support for both domestic and non-domestic refurbishment schemes.
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