Knight Frank LLP

Knight Frank LLP, a real estate services firm headquartered in the UK, reported its 2022 global carbon emissions at approximately 100,552,000 kg CO2e. This total includes Scope 1 emissions of about 1,008,000 kg CO2e, Scope 2 emissions of around 2,483,000 kg CO2e, and substantial Scope 3 emissions totalling approximately 97,061,000 kg CO2e. Key contributors to Scope 3 emissions include investments (about 61,827,580 kg CO2e), use of sold products (approximately 17,203,210 kg CO2e), and purchased goods and services (around 8,990,410 kg CO2e).

Knight Frank LLP has committed to ambitious climate targets validated by the Science Based Targets initiative (SBTi). The company aims to achieve net-zero greenhouse gas emissions across its entire value chain by FY2040.

For its near-term goals, Knight Frank LLP plans to reduce absolute Scope 1 and 2 GHG emissions by 42% by FY2030, using FY2022 as a base year. Additionally, within the same timeframe, it commits to reducing Scope 3 GHG emissions from the use of sold products by 51.6% per Net Internal Area (NIA) square foot and from investments by 51.6% per square metre under management.

For its long-term objectives, Knight Frank LLP is committed to reducing absolute Scope 1 and 2 GHG emissions by 90% by FY2040 from a FY2022 base year. The firm also targets a 97% reduction in Scope 3 GHG emissions from the use of sold products per NIA square foot and from investments per square metre under management by FY2040. Furthermore, it aims to reduce absolute Scope 3 GHG emissions from purchased goods and services, capital goods, fuel and energy-related activities, waste generated in operations, business travel, employee commuting, downstream leased assets, and franchises by 90% within the same long-term period. These targets are consistent with keeping global warming to 1.5°C.