Landsec

Landsec, a UK-based real estate services company, reported total carbon emissions of approximately 186.8 million kg CO2e in 2025. This includes about 5.2 million kg CO2e from Scope 1 emissions, 17.9 million kg CO2e from Scope 2 (location-based, or 4.1 million kg CO2e market-based), and 177.5 million kg CO2e from Scope 3 emissions. Their Scope 3 emissions were primarily driven by downstream leased assets (73.3 million kg CO2e), capital goods (62.3 million kg CO2e), and purchased goods and services (35.0 million kg CO2e).

Looking back, Landsec's total emissions were approximately 213.3 million kg CO2e in 2024, and 185.6 million kg CO2e in 2023.

Landsec is committed to significant climate action, with Science Based Targets initiative (SBTi) validated goals. They aim to achieve net-zero greenhouse gas emissions across their value chain by 2040 from a 2020 base year. Their near-term target is to reduce absolute Scope 1, 2, and 3 GHG emissions by 47% by 2030, also from a 2020 base year. For the long term, they commit to reducing absolute Scope 1, 2, and 3 GHG emissions by 90% by 2040, against the same 2020 baseline.

The company has also set an energy intensity target, committing to reduce energy intensity (kWh/m2) by 52% by 2030 from a 2019/20 baseline for properties under operational control for at least two years. Historically, they aimed to reduce carbon intensity (kgCO2/m2) by 40% by 2030, compared to a 2013/14 baseline for managed properties. These commitments are consistent with reductions required to keep warming to 1.5°C. Landsec became a BA1.5 member in November 2019 and signed The Climate Pledge in 2021.