Glenveagh Properties PLC

Glenveagh Properties PLC's reported carbon emissions

In 2024, Glenveagh Properties PLC reported total carbon emissions of approximately 193,270,000 kg CO2e. This figure includes 1,074,000 kg CO2e from Scope 1 emissions, 403,000 kg CO2e from Scope 2 emissions (market-based), and a significant 191,793,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown includes 149,000 kg CO2e from capital goods, 77,000 kg CO2e from business travel, and 1,142,000 kg CO2e from employee commuting, among other categories. Glenveagh has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050, using 2021 as the base year. The company has established near-term targets to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by 2031 and to cut Scope 3 GHG emissions by 55.0% per 100 square meters of completed floor area within the same timeframe. Long-term goals include a 90% reduction in absolute Scope 1 and 2 emissions and a 97% reduction in Scope 3 emissions per 100 square meters by 2050. These targets align with the Science Based Targets initiative (SBTi) and reflect Glenveagh's commitment to sustainable practices in the homebuilding sector. The company is actively working towards these goals to mitigate its environmental impact and contribute to global climate efforts.