Grosvenor’s UK property business, which includes the London Estate of Mayfair and Belgravia, has achieved a 38 per cent reduction in carbon emissions across scopes 1, 2 and 3 in under six years.

The carbon reduction comes from retrofitting its properties, reducing gas usage across the portfolio, optimising property management and working closely with suppliers to support their decarbonisation journeys. Grosvenor’s UK property business is now tracking ahead of its science-based carbon target of a 52 per cent reduction by 2030.

Tor Burrows, chief sustainability officer at Grosvenor, said: “We are extremely proud of the progress made over the last five years in reducing carbon emissions. Working particularly closely with suppliers and occupiers, through mutual ambition and a culture of constant improvement, we continue to accelerate our transition to becoming a net-zero carbon business.”

Grosvenor is now calling on the UK Government to place far greater emphasis on the role climate adaptation plays in ensuring the long-term viability of heritage buildings, and create greater flexibility around how the Community Infrastructure Levy can be used to facilitate greater local benefit, including, for example, allowing funds to be allocated for delivering affordable homes in areas of acute need.

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