- Challenges with pre-determined carbon intensity reduction targets from CRREM higher than actual carbon intensity; Hard to get baseline data due to change in use of assets; Fully repairing and insuring (FRI) leases mean Newcore’s influence is limited; Closed-end value-add funds result in relatively short hold periods in comparison to net zero targets; Investing in asset classes that do not align with pre-defined pathways in frameworks; Growing asset base increases consumption and emissions
Newcore Capital Management LLP and Newcore Capital Management Finance LLP
Greenhouse gas emissions & sustainability report data
In its 2023-2024 reporting, Newcore Capital Management LLP and Newcore Capital Management Finance LLP disclosed greenhouse gas emissions of 1.4K tonnes/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.4K tonnes/year
2023-2024
Renewable Energy
100% (REGO-backed renewable energy for landlord-controlled assets)
of total energy
Energy Use
12.0M kWh/year
2023-2024
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-2024 | 1.4K tonnes/year |
| 2022-2023 | 3.3K tonnes CO2e/year (NSS IV & V) |
| 2021-01 to 2022-03 | 2.0K tCO2e/year (Fund IV estimated) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 2023 operational carbon emissions exceeded target (26% lower than target, 46% lower than 2022); 67% of EPCs improved by one rating post-refurbishment; 16 nature boxes delivered enhancing biodiversity
🎯 Climate & Sustainability Targets
🔜 Short-term
- Accelerate carbon intensity reduction to 50% by 2030; Deploy 10% NOI to improve environmental performance; Distribute 12 nature boxes
📅 Medium-term
- Reduce the intensity of Scope 3 emissions by 50% per sqm by 2030; 50% intensity reduction of scope 3 emissions for educational assets by 2032
🔭 Long-term
- Reduce at least 88% of emissions by 2040; Reduce energy consumption by 20% by 2040; Net Zero Carbon by 2040
🌱 ESG Focus Areas
GovernanceEnvironmentSocial