- Challenging macroeconomic environment in 2022, including high inflation and rising interest rates
- Increased frequency and intensity of windstorms, such as hurricanes, could lead to property damage, loss of property value and disruption of operation of shopping centers and storage facilities
- Changes in rainfall conditions could lead to increased frequency and severity of flooding, and result in property damage, loss of property value and closure of properties
- Regulatory changes imposing additional operating and capital costs
- Increased interest among retail tenants in building efficiency and sustainable design criteria
- Reputational risk from lack of response to stakeholder preferences and failure to comply with ESG-related regulations
- Cost and resources required to transition to lower emission building and operational technologies
United Hampshire US REIT
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, United Hampshire US REIT disclosed greenhouse gas emissions of 912 tCO2e/year. By scope: Scope 2: 912 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
912 tCO2e/year
2022
Energy Use
3.5K MWh/year
2022
📊 Emissions by Scope (2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 912 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 |
|---|---|
| 2022 | 912 tCO2e/year |
| 2021 | 802 tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Met target of reducing common area electricity usage by 16% (excluding properties with partial year data)
- Installed EV charging stations at 13% of properties (exceeding the 10% target)
- Installed LED lighting at common areas in 39% of properties (exceeding the 15% target)
- Installed solar panel systems at 100% of remaining Self-Storage properties (exceeding the 25% target)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Install EV charging stations at 25% of properties by FY2023
- Install LED lighting at common areas in 50% of properties by FY2023
- Reduce common area electricity usage by 1.5% by FY2023
📅 Medium-term
- Install EV charging stations at 35% of properties by FY2024
- Install LED lighting at common areas in 65% of properties by FY2024
- Engage top 10 tenants in discussions to explore possibility of collaborating on installation of new solar systems on the roofs over tenant spaces
🔭 Long-term
- Monitor and review progress against quantitative targets set for electricity consumption and GHG emissions
- Set new targets based on progress and decarbonization plan
🌱 ESG Focus Areas
Economic PerformanceGHG Emissions and Energy ConsumptionTraining and DevelopmentDiversity and EmploymentCommunity EngagementBusiness EthicsCybersecurity and Data PrivacySafety and Wellbeing