British Land

British Land, a UK-based real estate services company, has reported its latest carbon emissions data. In 2026, the company's Scope 1 emissions were approximately 4.95 million kg CO2e, primarily from stationary combustion (about 4.06 million kg CO2e) and fugitive emissions (890,000 kg CO2e). Scope 2 market-based emissions were 2.26 million kg CO2e, while location-based Scope 2 emissions were around 12.15 million kg CO2e. Scope 3 emissions totalled approximately 1.14 billion kg CO2e, with significant contributions from capital goods (about 818.67 million kg CO2e), purchased goods and services (222.19 million kg CO2e), and downstream leased assets (91.30 million kg CO2e).

Looking back, in 2025, British Land's Scope 1 emissions were roughly 5.44 million kg CO2e, with Scope 2 market-based emissions at 904,000 kg CO2e and location-based Scope 2 at 13.40 million kg CO2e. Total Scope 3 emissions for 2025 were around 216.73 million kg CO2e. In 2024, Scope 1 emissions were approximately 5.57 million kg CO2e, Scope 2 market-based emissions were 1.56 million kg CO2e, and location-based Scope 2 emissions were 12.63 million kg CO2e. Total Scope 3 emissions for 2024 were about 139.75 million kg CO2e.

British Land has set ambitious climate commitments and Science-Based Targets initiative (SBTi) approved goals. The British Land Company PLC aims to achieve net-zero greenhouse gas emissions across its value chain by FY2050.

Near-term targets include:

• An absolute 51% reduction in Scope 1 and 2 GHG emissions by FY2030 from a FY2020 base year. This also reflects a 75% reduction in operational carbon intensity across its portfolio by 2030 versus a 2019 baseline.
• A 55% reduction in Scope 3 GHG emissions per square metre of net lettable area by FY2030 from a FY2020 base year, specifically covering purchased goods and services, capital goods, and downstream leased assets.
• An absolute 46.2% reduction in Scope 3 GHG emissions from purchased goods and services, capital goods, fuel- and energy-related activities, waste generated in operations, business travel, and employee commuting by 2030 from a 2024 base year.
• A 77.6% reduction per square metre in Scope 1, 2, and 3 in-use operational GHG emissions of owned and leased buildings (downstream leased assets) by FY2035 from a FY2024 base year.
• Commitment to install no new fossil fuel equipment that is owned or financially controlled by the company in its buildings portfolios from 1 January 2030.

Long-term targets include:

• A 96.5% reduction per square metre in Scope 1, 2, and 3 in-use operational GHG emissions of owned and leased buildings (downstream leased assets) by FY2040 from a FY2024 base year.
• An absolute 90.0% reduction in Scope 3 GHG emissions by FY2050 from a FY2024 base year.