Gleeds’ Net Zero 2040 target validated by the Science Based Targets initiative

We are excited to announce that the Science Based Targets initiative (SBTi) has validated our net-zero science-based target by 2040, making Gleeds one of the first property and construction consultancies with net-zero targets grounded in climate science. 

Following a detailed assessment against the Corporate Net-Zero Standard Criteria, the SBTi has validated Gleeds’ near and long-term science-based emissions reduction targets. The near-term targets see Gleeds commit to reducing scope 1 and 2 greenhouse gas emissions (i.e. emissions made directly by a business or indirectly via the energy it sources) in absolute terms by at least 46.2% by 2030, as well as committing to a reduction in scope 3 emissions from purchased goods and services, business travel, and employee commuting by 46.2% over the same period. 

The SBTi has also validated Gleeds’ target of reaching net-zero greenhouse gas emissions across the value chain by 2040, which sees the business further commit to reducing greenhouse gas emissions across scopes 1,2, and 3 by a total of 90% within that timeframe. 

“Climate science tells us that we need rapid and deep emissions cuts if we are to achieve global net-zero and prevent the most damaging effects of climate change,” said Luiz Amaral, Chief Executive Officer of the Science Based Targets initiative. “Gleeds’ net-zero targets match the urgency of the climate crisis and set a clear example that their peers must follow.” 

Michelle Regent, head of ESG at Gleeds said of the announcement, “The SBTi was formed as a collaboration between some of the world’s most notable environmental organisations to enable companies worldwide to halve emissions by 2030 and achieve net-zero before 2050, so I am thrilled that Gleeds’ emissions reduction targets have now been officially verified by the body. Tackling the climate emergency is everyone’s responsibility which is why our ESG strategy is focused on working “Together for a sustainable future.”

In pursuit of its targets, Gleeds’ activity will focus on mitigating emissions by improving energy efficiency across its network and extending the use of renewable energy to all offices. With scope 3 representing the largest proportion of its emissions at present, Gleeds is seeking to eliminate unnecessary business travel, and has mandated that all new offices are situated close to public transport links. 

Gleeds CEO, Graham Harle added, “Sustainability is one of the key drivers for our business, offering clients our expertise to help them achieve their carbon reduction targets. It is therefore vital that we lead from the front and reduce our own carbon footprint on a global basis. Having this independent verification of our commitment is both rewarding and highly motivational.”