- High percentage of single-let assets with tenant-procured utilities impacting GRESB score.
- Challenging UK economic climate impacting commercial property investment market.
- Higher interest rate environment suppressing investor demand and leading to downward pressure on valuations.
- Low transaction volumes and distressed sales leading to a lack of evidence for valuers.
AEW UK REIT plc
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, AEW UK REIT plc disclosed greenhouse gas emissions of 640.9 tCO2e/year. By scope: Scope 1: 223.0 tCO2e/year; Scope 2: 417.9 tCO2e/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
640.9 tCO2e/year
2024
Renewable Energy
100%
of total energy
Water Usage
24.8K m3/year
2024
Waste
70.4 tons/year
2024
Energy Use
3.2M MWh/year
2024
📊 Emissions by Scope (2024)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 223.0 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 417.9 tCO2e/year |
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 | 640.9 tCO2e/year |
| 2023 | 664.1 tonnes CO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced absolute energy usage by 26.5% and emissions by 40.8% versus the 2018 baseline. Waste transferred to landfill reduced to zero within the managed portfolio.
- All managed assets and units contracted to High Quality Green Tariffs, ensuring electricity supply is from renewable sources.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Improve EPC ratings across the portfolio to at least C grade by 2027 and to B by 2030 (unless exempt).
- Complete climate resilience audits at 3 assets during 2023/24.
- Undertake climate opportunity projects at 2 assets during 2023/24.
📅 Medium-term
- 40% reduction in absolute energy consumption by 2030 based on the 2018 baseline.
- 40% reduction in absolute GHG emissions by 2030 based on the 2018 baseline.
- Consider adopting net zero target and pathway.
🌱 ESG Focus Areas
Climate changeEnergy efficiencyWaste reductionBiodiversityGovernance