Savills Im

Savills Im's reported carbon emissions

Savills IM's latest disclosed carbon emissions data is for the year 2023, reporting a total of approximately 126.3 million kg CO2e. This figure comprises Scope 1 emissions of about 5.1 million kg CO2e, Scope 2 emissions of approximately 24.3 million kg CO2e, and Scope 3 emissions totalling around 100.9 million kg CO2e. The company's emissions data is cascaded from its parent organization, Savills Im Holdings Limited. While specific reduction targets are not detailed in the provided information, Savills IM has disclosed emissions data across all three scopes for 2023. For 2020, Savills IM reported emissions of approximately 1.1 billion kg CO2e, primarily driven by Scope 3 emissions. In 2020, Scope 3 emissions were approximately 110.4 million kg CO2e. Savills IM, operating within the financial intermediation services sector (excluding insurance and pension funding), acknowledges the importance of climate action. Its sustainability reports provide insights into emissions intensity, with figures such as 75,010 kg CO2e per square metre for its Singapore office and 84,210 kg CO2e per square metre for its London office in 2023. For the year 2020, emissions intensity was reported as 3,500 kg CO2 per square metre of floor area for a retail asset and 170 kg CO2 per square metre as a like-for-like greenhouse gas emission intensity. The company's climate commitments are influenced by its ultimate parent, Savills plc, which has engaged in initiatives like the Science Based Targets initiative (SBTi) and the 'RE100' commitment.