- Softening yields across the property portfolio, particularly in the leisure sector, leading to a revaluation deficit.
- Challenging property and financial markets, including rising interest rates and economic uncertainty.
- Difficult investment market for leisure assets, with limited liquidity and volatile valuations.
Palace Capital plc
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Palace Capital plc disclosed greenhouse gas emissions of 548 tonnes of CO2 equivalents. By scope: Scope 2: 3 tonnes of CO2 equivalents; Scope 3: 545 tonnes of CO2 equivalents. 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
548 tonnes of CO2 equivalents
2024
Energy Use
6.1M kWh
2024
📊 Emissions by Scope (2024)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3 tonnes of CO2 equivalents |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 545 tonnes of CO2 equivalents |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2024 | 548 tonnes of CO2 equivalents |
| 2023 | 882 tonnes of CO2 equivalents |
| 2022 | 752 tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced direct emissions under Scope 1 from own office usage due to smaller office with reduced consumption.
- 100% of properties now rated A-D on EPCs, with 81.0% rated A-C (2023: 96.2% and 72.2% respectively).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Improve environmental performance, particularly EPC ratings.
🔭 Long-term
- Net zero emissions by 2050 for the portfolio as a whole.
🌱 ESG Focus Areas
EnvironmentalSocialGovernance