Potential offtaker

Schroder Real Estate Investment Trust Limited

www.srei.co.uk

Estimated electricity consumption

N/A

Countries of production presence

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Schroder Real Estate Investment Trust Limited (SREIT) is a UK-based company that operates in the multi-asset class REIT sector. The company invests in a diversified portfolio of real estate assets across the UK, with a focus on generating sustainable returns for its shareholders. SREIT is committed to responsible investing and is actively pursuing initiatives that promote decarbonisation and the transition to renewable energy sources.

SREIT recognises the importance of addressing climate change and the role that real estate companies can play in reducing greenhouse gas emissions. The company has set ambitious sustainability targets, including reducing its carbon footprint by 50% by 2030. To achieve these targets, SREIT is implementing a range of measures to improve the energy efficiency of its buildings, reduce waste and promote sustainable transport.

One of the key initiatives that SREIT is pursuing is the use of corporate power purchase agreements (PPAs) to source renewable energy. A corporate PPA is a long-term contract between a company and a renewable energy provider, which guarantees a fixed price for the electricity generated by the renewable energy project. By entering into a corporate PPA, SREIT is able to secure a reliable and cost-effective source of renewable energy, while also supporting the development of new renewable energy projects.

SREIT has already signed several corporate PPAs with renewable energy providers, including wind and solar projects. These agreements have helped to reduce the company's carbon footprint and lower its energy costs, while also supporting the growth of the renewable energy sector in the UK.

In addition to sourcing renewable energy through corporate PPAs, SREIT is also investing in on-site renewable energy generation. The company has installed solar panels on several of its buildings, which generate renewable energy that is used to power the buildings and reduce their reliance on grid electricity. SREIT is also exploring the potential for other on-site renewable energy technologies, such as wind turbines and geothermal heating and cooling systems.

SREIT is also implementing a range of energy efficiency measures across its portfolio of buildings. These measures include upgrading lighting systems, installing energy-efficient HVAC systems and improving building insulation. By improving the energy efficiency of its buildings, SREIT is able to reduce its energy consumption and lower its carbon footprint, while also improving the comfort and wellbeing of building occupants.

SREIT is also committed to reducing waste across its operations. The company has implemented a range of waste reduction and recycling initiatives, including the installation of recycling bins in its buildings and the use of composting systems to reduce food waste. SREIT is also exploring the potential for circular economy initiatives, such as the reuse of materials and the implementation of closed-loop systems.

In addition to its sustainability initiatives, SREIT is also committed to responsible investing and corporate governance. The company has a strong focus on transparency and accountability, and is committed to engaging with its stakeholders on sustainability issues. SREIT is also a signatory to the UN Principles for Responsible Investment, which demonstrates its commitment to responsible investing practices.

In conclusion, SREIT is a UK-based company that operates in the multi-asset class REIT sector. The company is committed to responsible investing and is actively pursuing initiatives that promote decarbonisation and the transition to renewable energy sources. SREIT is using corporate PPAs to source renewable energy, investing in on-site renewable energy generation and implementing energy efficiency measures across its portfolio of buildings. The company is also committed to reducing waste and promoting circular economy initiatives. SREIT's sustainability initiatives are aligned with its commitment to responsible investing and corporate governance, and demonstrate its commitment to generating sustainable returns for its shareholders while also contributing to a more sustainable future.

✓ Declared Net Zero commitment