Landsec to invest £135m to reach net zero by 2030

The property developer is also looking to make net zero buildings, while reducing its own operational emissions by 70%

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Real estate company Landsec has pledged to invest £135 million to help it achieve net zero emissions by 2030.

In 2019, it set science-based targets to reduce its carbon emissions by 70% and will now look to implement that aim with this investment.

It has estimated 24,000 tonnes of carbon emissions will be removed from its operations through the investment – equivalent to more than 35,000 return flights from London to New York.

It will look to incorporate AI technologies to drive energy efficiency in its buildings and turn to renewable energy by adding onsite renewable capacity with the installation of solar panels.

Built environment constitutes for around 40% of total worldwide carbon emissions and on top of setting its own targets, the company is also looking to build net zero buildings from 2022.

Mark Allan, CEO, said: “Never has it been more important to prioritise carbon reduction programmes. The future of the planet depends on businesses like ours driving forward change – as quickly as we can.”