British Land

British Land's reported carbon emissions

British Land's climate commitments centre on significant emissions reductions across its operations. For the reporting year 2025, the company reported total emissions of approximately 29.8 million kg CO2e. This figure comprises Scope 1, 2, and 3 emissions. Specifically for 2025, Scope 1 emissions amounted to about 144,000 kg CO2e (fugitive emissions), Scope 2 emissions were approximately 13.4 million kg CO2e (purchased electricity), and Scope 3 emissions were roughly 16.4 million kg CO2e (purchased goods and services). Looking at the previous year, 2024, British Land's total emissions were approximately 47.6 million kg CO2e. This included Scope 1 emissions of about 126,000 kg CO2e (fugitive emissions), Scope 2 emissions of approximately 12.6 million kg CO2e (purchased electricity), and Scope 3 emissions totalling around 35.4 million kg CO2e (including capital goods at 25.5 million kg CO2e, purchased goods and services at 15.5 million kg CO2e, and fuel and energy-related activities at 5.37 million kg CO2e). British Land has set ambitious reduction targets. The company aims for a 75% reduction in operational carbon intensity across its managed portfolio by 2030, compared to a 2019 baseline. As of the reporting year 2024, a 39% reduction had already been achieved. Additionally, British Land is committed to offsetting 100% of its developments’ residual embodied carbon emissions by 2050. The company is also a signatory to the Science Based Targets initiative (SBTi). Through this commitment, British Land aims to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 51% by FY2030 from a FY2020 base year. Furthermore, they commit to reducing Scope 3 GHG emissions by 55% per square meter of net lettable area over the same target timeframe. British Land also has a near-term target to reduce its Scope 1 and 2 emissions to near zero by the middle of this decade (by 2025). Their long-term goal is to be carbon neutral by 2040.