Commit to only owning, occupying and developing assets that are net zero carbon in operation by 2030. Commit to becoming a net zero carbon business by 2030 and to be climate positive thereafter to align with 1.5° Paris proof targets.
Measure and disclose energy consumption, carbon emissions and performance against net zero pathway annually, within Annual Report and Performance Against Capitals Report.
Implement a decarbonisation roadmap in line with the energy hierarchy, prioritising on-site embodied and operational carbon reduction, maximising renewable generation and procurement, followed by carbon offsetting as a last resort.
Verify energy consumption and carbon emissions data via an independent third party, in line with Commitment and SBTi aligned targets. Adopt independent certification schemes (e.g. NABERS- UK, BREEAM) where appropriate.
Utilise influence over value chain to realise wider carbon benefits through leveraging scale, expertise and convening power of The Crown Estate. Champion a comprehensive approach to sustainable investment, including through application of the TCFD (Task Force for Climate-related Financial Disclosures) framework and applying an internal carbon price to future investments.