Shaftesbury PLC is a leading real estate investment trust (REIT) in the United Kingdom, operating in the multi-asset class sector. The company owns and manages a portfolio of properties in the West End of London, including retail, leisure, and hospitality assets. Shaftesbury is committed to sustainability and has set ambitious targets for decarbonisation and renewable energy.
Decarbonisation is a key priority for Shaftesbury, and the company has implemented a range of initiatives to reduce its carbon footprint. In 2020, Shaftesbury committed to achieving net-zero carbon emissions by 2030, ten years ahead of the UK government's target. To achieve this goal, the company is focusing on reducing energy consumption, increasing the use of renewable energy, and improving the energy efficiency of its buildings.
Corporate energy is a critical component of Shaftesbury's sustainability strategy. The company is committed to reducing its energy consumption and has implemented a range of measures to achieve this goal. These include upgrading lighting systems, installing energy-efficient HVAC systems, and implementing smart building technology to optimise energy use. Shaftesbury is also exploring the use of energy storage systems and other innovative technologies to further reduce its energy consumption.
Corporate power purchase agreements (PPAs) are an essential part of Shaftesbury's renewable energy strategy. The company has signed several long-term PPAs with renewable energy providers, enabling it to purchase renewable energy at a fixed price over an extended period. These agreements provide Shaftesbury with a reliable source of renewable energy, reduce its exposure to energy price volatility, and support the development of new renewable energy projects.
Renewable energy is a critical component of Shaftesbury's sustainability strategy. The company is committed to increasing the use of renewable energy across its portfolio and has set a target of sourcing 100% of its electricity from renewable sources by 2030. To achieve this goal, Shaftesbury is investing in on-site renewable energy generation, such as solar PV and wind turbines, and is exploring the use of off-site renewable energy sources, such as PPAs.
Shaftesbury's commitment to sustainability is reflected in its ESG (Environmental, Social, and Governance) performance. The company has been recognised for its sustainability efforts, receiving a GRESB (Global Real Estate Sustainability Benchmark) Green Star rating for the past four years. Shaftesbury has also been included in the FTSE4Good Index, which recognises companies that meet globally recognised ESG standards.
In addition to its sustainability efforts, Shaftesbury is committed to supporting the local communities in which it operates. The company works closely with local stakeholders, including residents, businesses, and local authorities, to create vibrant and sustainable neighbourhoods. Shaftesbury is also committed to promoting diversity and inclusion and has implemented a range of initiatives to support this goal.
In conclusion, Shaftesbury PLC is a leading real estate investment trust in the United Kingdom, operating in the multi-asset class sector. The company is committed to sustainability and has set ambitious targets for decarbonisation and renewable energy. Shaftesbury's sustainability efforts are reflected in its ESG performance, and the company is committed to supporting the local communities in which it operates. Shaftesbury's commitment to sustainability and community engagement makes it a leading player in the UK real estate market.