Derwent London

Derwent London reported Scope 1 emissions of 4,364,000 kg CO2e, Scope 2 emissions (market-based) of 29,000 kg CO2e, and Scope 3 emissions of 8,010,000 kg CO2e in 2023. This is a reduction from 2022, which saw Scope 1 emissions at 3,062,000 kg CO2e, Scope 2 (market-based) at 36,000 kg CO2e, and significantly higher Scope 3 emissions at 38,733,000 kg CO2e.

Derwent London is committed to reducing its carbon footprint with several targets. The company aims to achieve net-zero by 2030, with annual reporting on its progress. It has also set a near-term target to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030 from a 2022 baseline, equating to 3,161 tonnes CO2e. Additionally, Derwent London commits to measuring and reducing its Scope 3 emissions. For the long-term, the company targets a 90% reduction in absolute Scope 1, 2, and 3 GHG emissions by 2040 from a 2022 baseline.

Derwent London has had its targets approved by the Science Based Targets initiative (SBTi). These targets include a commitment to reduce Scope 1 and 2 GHG emissions by 55% per square metre by 2027 from a 2013 base year, and to reduce Scope 3 GHG emissions by 20% per square metre by 2027 from a 2017 base year. The SBTi has classified Derwent London's near-term targets for Scope 1 and 2 emissions as consistent with reductions required to keep warming to 1.5°C. The long-term net-zero commitment by 2040 also aligns with a 1.5°C trajectory.