Hammerson launches new sustainability strategy

Hammerson has launched a new sustainability strategy covering environmental and socio-economic impacts, becoming the first real estate company globally with a ‘net positive strategy’.

The strategy, which will be delivered through the firm’s existing positive places sustainability platform, will set stretching targets across four key pillars with the aim of having a net positive environmental and social impact across Hammerson’s pan-European portfolio by 2030.

By 2030, Hammerson aims to remove a total of 757,200 tonnes of carbon emissions from its operations under its net positive targets, which is equivalent to the annual carbon emissions of 85,000 households.

The strategy incorporates targets in four key areas: carbon; resource use; water use; socio-economic (read the full target list here). The company plan to meet the targets across three phases:

David Atkins, CEO of Hammerson, said: “Over the past ten years, our industry leading sustainability strategy has achieved significant carbon and energy savings and delivered meaningful socio-economic impacts for the local communities in which we operate. Net positive will allow us to go even further. 

“This year, we expect to deliver our first carbon neutral development and have 100% clean electricity contracts across our UK and Ireland shopping centre portfolios.  I’m proud that Hammerson has become the first real estate company globally to identify such comprehensive targets, and by extending our aims to tenant impacts, we will be able to directly support our retail clients and deliver best in class retail assets that are fit for the future.”

JLL upstream sustainability services provided consultancy support, data analysis and advice for Hammerson’s net positive initiative.

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