The built environment accounts for almost 40% of all carbon emissions. This is why, at Helical, we are committed to minimising our impact on the environment and championing the very best practices to tackle climate change.
- Net zero carbon by 2030
- Buy, use and re-use resources efficiently
As a responsible business it is essential that we look to reduce resource consumption, both through our managed portfolio and our development projects. In order to understand our progress, it is important that we monitor and measure our performance. We report annually on our sustainability performance aligning to EPRA Sustainability Best Practice Recommendations guidelines.
Sustainability performance report
To address the risks posed by climate change, we must decarbonise our existing portfolio and look at how we increase energy efficiency and ultimately rely less on fossil fuels. The majority of our assets have been developed or refurbished in the past 8 years with 99% by value already compliant with the proposed legislation for a minimum EPC rating of 'B' by 2030. We continue to investigate ways we can reduce our operational carbon emissions to ensure we are on track to meet out net zero carbon target of 2030. At The Bower, we have installed an upgraded BMS system which has led to a saving of circa 1 million kWhs of energy across gas and electricity. Due to the success of this project, we have installed this system at all other suitable buildings.
Task Force on Climate-related Financial Disclosures (TCFD)
The Task Force on Climate-related Financial Disclosures (TCFD), launched in 2017, encourages businesses to build resilience to the possible outcomes of climate change. We’re committed to acting on the recommendations of TCFD.
Helical considers climate change a principal risk to the business. In line the TCFD recommendations, we’ve committed to assessing and reporting on material climate change risks across our portfolio, ensuring we have the appropriate strategy and mitigation plan in place. We continue to make good progress incorporating the TCFD recommendations across our business, as outlined in the below extract from our Sustainability Performance Report 2022.
Head of Sustainability
Climate change is one of the greatest challenges being faced by businesses. As a listed commercial property developer, we have a duty to drive transparency, accountability and responsibility in our reporting. By supporting the TCFD recommendations, we are actively demonstrating our commitment to being a sustainable business.