- Increased costs for utilities, maintenance, and property enhancements
- Failure to keep up with evolving energy efficiency standards
- Shifting investor and tenant sustainability preferences
- Lack of action on social initiatives
- Evolving regulatory requirements around sustainability reporting and certifications
- Insufficient transparency in ESG performance
- Weak supply chain oversight exacerbated by ESG factors
- Coastal and island properties face climate circumstances which could potentially impact its business prospects and financial performance
- Transitional climate policy and legal risks may arise as Island governments implement more regulations and tighter standards to meet net zero emissions targets
- Market transition risks resulting from investors and tenants increasingly factoring climate impacts and corporate greenhouse gas emissions into their decision-making processes
Channel Islands Property Fund
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Channel Islands Property Fund disclosed greenhouse gas emissions of 1.3K tCO2e. By scope: Scope 1: 165 tCO2e; Scope 2: 615 tCO2e; Scope 3: 476 tCO2e. 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
1.3K tCO2e
2023
Energy Use
158 kWh/m2
2023
📊 Emissions by Scope (2023)
| 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). | 165 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 615 tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 476 tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Developed comprehensive climate resilience plans to identify and manage physical risks across the portfolio
- Upgraded to LED lighting in communal areas, sub-metering air conditioning usage, building automation systems, and heating optimisations to reduce emissions
- Facilitated the installation of electric vehicle charging points to support decarbonisation
- Deployed 10 green leases at the end of September 2023
🎯 Climate & Sustainability Targets
🔜 Short-term
- Further work on risks and opportunities to ensure the Board is fully appraised of physical and transition risks
📅 Medium-term
- Developing a long-term intervention strategy for GHG reduction
🔭 Long-term
- Reduce emissions to 4.8 kgCO2e/m2 by 2050 to align with the 1.5°C target
🌱 ESG Focus Areas
Climate change mitigationCommunity impactGovernance integrity