Shaftesbury Capital

Shaftesbury Capital, a UK-based real estate services company, reported total emissions of approximately 41,364,180 kg CO2e in 2024. This includes Scope 1 emissions of about 625,930 kg CO2e, Scope 2 emissions of around 1,186,360 kg CO2e, and Scope 3 emissions of approximately 40,654,500 kg CO2e, primarily from downstream leased assets.

Looking back, their total emissions have fluctuated. In 2023, Shaftesbury Capital reported Scope 1 emissions of 626,000 kg CO2e and Scope 2 emissions of 1,186,000 kg CO2e (market-based). In 2022, Scope 1 emissions were 562,000 kg CO2e and Scope 2 emissions were 537,000 kg CO2e. For 2021, total emissions were around 1,233,340 kg CO2e, comprising 198,330 kg CO2e from Scope 1, 708,280 kg CO2e from Scope 2, and 327,520 kg CO2e from Scope 3.

Shaftesbury Capital has set ambitious climate commitments and Science Based Targets Initiative (SBTi) approved targets. They are committed to reaching net-zero greenhouse gas emissions across their entire value chain by 2040.

Their near-term targets include:

• Reducing absolute Scope 1 and 2 GHG emissions by 60% by 2030 from a 2019 base year.
• Reducing absolute Scope 3 GHG emissions by 50% by 2030 from a 2019 base year.

For long-term targets, they aim to:

• Reduce absolute Scope 1 and 2 GHG emissions by 90% by 2040 from a 2019 base year.
• Reduce absolute Scope 3 GHG emissions by 90% by 2040 from a 2019 base year.

Additionally, Shaftesbury Capital targets a 60% operational carbon reduction by 2030 to 90 kWh/m2/GIA per annum (commercial) for Scope 1 and Scope 2 emissions. They also aim to be carbon neutral for Scope 1 and 2 emissions by 2025.