Hammerson plc, a leading name in the real estate services sector, is headquartered in Great Britain and operates primarily across the UK and Europe. Founded in 1942, the company has established itself as a key player in the retail and mixed-use property markets, focusing on the development, management, and investment of high-quality assets.
Hammerson's portfolio includes shopping centres, retail parks, and premium outlets, distinguished by their strategic locations and innovative design. The company is recognised for its commitment to sustainability and enhancing customer experiences, positioning itself as a forward-thinking leader in the industry. With a strong market presence and a history of successful projects, Hammerson continues to shape the future of retail real estate.
+17 vs industry average
Hammerson’s score of 46 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Real Estate Services has below-average carbon intensity
Industry performance
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Hammerson's reported carbon emissions
Hammerson, a real estate services company based in GB, has reported its carbon emissions for several years.
Emissions Data:
- 2024: Total emissions were approximately 12.4 million kg CO2e. This comprised about 938,000 kg CO2e of Scope 1 emissions, approximately 2.84 million kg CO2e of Scope 2 (market-based), and around 1.71 million kg CO2e of Scope 3 emissions.
- 2023: Total emissions were approximately 5.38 million kg CO2e, including around 903,000 kg CO2e of Scope 1 emissions, and about 902,000 kg CO2e of Scope 3 emissions. Scope 2 emissions were approximately 4.07 million kg CO2e (location-based).
- 2022: Total emissions were approximately 17.77 million kg CO2e. Scope 1 emissions were about 3.51 million kg CO2e. Scope 2 emissions were approximately 12.13 million kg CO2e (total), with market-based emissions at about 2.70 million kg CO2e and location-based emissions at approximately 6.57 million kg CO2e. Scope 3 emissions were around 2.12 million kg CO2e.
- 2021: Total emissions were approximately 10.29 million kg CO2e. Scope 1 emissions were about 4.29 million kg CO2e. Scope 2 emissions were approximately 13.21 million kg CO2e (total), with market-based emissions at about 3.85 million kg CO2e. Scope 3 emissions were around 692,000 kg CO2e.
- 2020: Total emissions were approximately 9.76 million kg CO2e, including around 3.31 million kg CO2e of Scope 1 emissions. Scope 2 emissions were approximately 13.71 million kg CO2e (total), with market-based emissions at about 3.33 million kg CO2e. Scope 3 emissions were about 825,000 kg CO2e.
- 2019: Total emissions were approximately 9.46 million kg CO2e. Scope 1 emissions were about 1.26 million kg CO2e. Scope 2 emissions (location-based) were approximately 6.37 million kg CO2e. Scope 3 emissions were around 1.83 million kg CO2e.
- 2018: Total emissions were approximately 17.87 billion kg CO2e, comprising about 5.30 million kg CO2e of Scope 1 emissions, approximately 21.82 million kg CO2e of Scope 2 emissions, and about 17.70 million kg CO2e of Scope 3 emissions.
- 2017: Total emissions were approximately 27.54 billion kg CO2e.
- 2015: Total emissions were approximately 30.56 billion kg CO2e, including about 5.85 million kg CO2e of Scope 1 emissions, approximately 27.85 million kg CO2e of Scope 2 emissions, and about 15.78 million kg CO2e of Scope 3 emissions.
Climate Commitments and Reduction Targets:
Hammerson has set several significant climate targets:
- By 31 December 2025, the company aims for a 60% reduction in Scope 1, 2, and selected Scope 3 landlord-controlled emissions against a 2019 baseline. This interim target is supported by a Sustainability Linked Bond.
- Hammerson aims to be operating with negative Scope 1 and 2 absolute carbon emissions by 1 January 2026, alongside reductions in water demand and resource use across its operational and development activities.
- Long-term, the company aims to reach a Net Positive position for Scope 1, 2, and 3 carbon emissions, mains water demand, and resource use from corporate, asset management, and development activities by 2030.
- A goal exists to transition one flagship asset to certified Net Zero Carbon status by 2030.
- Earlier targets included an 18% reduction in absolute operational CO2e of the like-for-like retail portfolio by 2020 against a 2015 baseline. Another target forecast a reduction of 22,304 tonnes in absolute carbon emissions by the end of 2020 against a 2015 footprint.
Hammerson is not cascading data from a parent organisation, and its climate reporting is sourced directly from Hammerson Plc.
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Hammerson’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
View similar organisations
Hammerson
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