Thursday 12 March 2020

St. Modwen commits to becoming 100% net zero carbon by 2040

St. Modwen has committed to becoming 100% net zero carbon by 2040.

The property investment and development business, which specialises in the regeneration and remediation of brownfield land and urban environments, aims to reach net zero carbon in its own operations by 2025 and go fully net zero by 2040.

It has made an immediate commitment to invest 1% of cash profits annually into education partnerships in order "to deliver a meaningful, positive impact on society and the environment".

The firm plans to evolve its working practices and collaboration with stakeholders to achieve its ambitions surrounding the UN’s Sustainable Development Goals, as well as improve its credentials in the fields of biodiversity, sustainability, diversity, skills, health and responsible operational practices and partnerships.

Rob Hudson, Chief Finance and Operations Officer, said: "The world is changing and there is a new business climate where purpose and profit are inextricably linked.

"Given our active role in the built environment, we take our wider responsibilities seriously and understand how important it is to put into practice strategies that place people and the planet at the heart of how we do business."