Shaftesbury Capital

Shaftesbury Capital, a UK-based real estate services company, has demonstrated its commitment to climate action through various targets and emissions reporting.

In 2024, Shaftesbury Capital reported total emissions of about 41,364,180 kg CO2e. This includes Scope 1 emissions of 625,930 kg CO2e (from fugitive emissions), Scope 2 emissions of 1,186,360 kg CO2e (from purchased electricity), and Scope 3 emissions of 40,654,500 kg CO2e (from downstream leased assets).

Shaftesbury Capital has set ambitious Science Based Targets (SBTi). The company commits to achieving net-zero greenhouse gas emissions across its value chain by 2040.

Their near-term SBTi targets, with a 2019 base year, include:

• Reducing absolute Scope 1 and 2 GHG emissions by 60% by 2030.
• Reducing absolute Scope 3 GHG emissions by 50% by 2030.

Long-term SBTi targets, also with a 2019 base year, aim for:

• A 90% reduction in absolute Scope 1 and 2 GHG emissions by 2040.
• A 90% reduction in absolute Scope 3 GHG emissions by 2040.

Additionally, Shaftesbury Capital aims to be carbon neutral for Scope 1 and 2 emissions by 2025. They also have an operational carbon reduction target of 60% by 2030, aiming for 90 kWh/m2/GIA per annum (commercial).

Historical emissions data shows fluctuations. In 2023, Scope 1 emissions were approximately 626,000 kg CO2e and Scope 2 emissions were around 1,186,000 kg CO2e. In 2022, Scope 1 emissions were 562,000 kg CO2e and Scope 2 emissions were 537,000 kg CO2e. For 2021, the total emissions were 1,233,340 kg CO2e, comprising 198,330 kg CO2e for Scope 1, 708,280 kg CO2e for Scope 2, and 327,520 kg CO2e for Scope 3. The company also disclosed an earlier target to reduce Greenhouse Gas emissions by a rolling annual target of 5% from a 2015 baseline by 2020 for both Scope 1 and Scope 2.