Derwent London

Derwent London reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 5.3 Kt (-2.3 /-30.4% y-o-y). Also positively, carbon intensity plummeted to 15 t (-11 /-41.2% y-o-y).

Derwent London's Scope 3 emissions plummeted to 7.7 Kt (-4.1 /-34.4% y-o-y). The decline accelerated compared to the CAGR of -15.1% since 4Q'17.

The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2030, which translates into the estimated reduction of -0.53 Kt per annum over the period of FY2021 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Derwent London aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2030. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Derwent London also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. British-based investment and development company Derwent London commits to reduce scope 1 and 2 GHG emissions 55% per square meter by 2027 from a 2013 base year. Derwent London also commits to reduce scope 3 GHG emissions 20% per square meter by 2027 from a 2017 base year.