Landsec

Landsec reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 March 2021 at 26 Kt (-8.6 /-24.8% y-o-y). Also positively, carbon intensity declined to 33 t (-2.8 /-7.8% y-o-y).

Landsec's Scope 3 emissions was down at 205 Kt (-30 /-12.7% y-o-y). This is broadly in line with the declining trend (CAGR -12.7%) since 1Q'18.

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Landsec also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Overall Net-Zero Target Landsec commits to reach net-zero GHG emissions across the value chain by 2040 from a 2020 base year. Near-Term Targets Landsec commits to reduce absolute scope 1, 2 and 3 GHG emissions 47% by 2030 from a 2020 base year Long-Term Targets Landsec commits to reduce absolute scope 1, 2 and 3 GHG emissions 90% by 2040 from a 2020 base year.