- Difficulty in gaining oversight of whole-building utility usage due to split management between owner and occupier.
- Accurately predicting the cost of transitioning the portfolio to net zero.
- Achieving Net Zero Whole Life Carbon when entering acquisitions at later stages of development.
- Varying landlord sophistication and data aggregation at building level for office emissions data collection.
- Challenges in comparing EPCs and extracting information from certificates in different languages across 12 countries.
- Evolving climate science, legislation, and reporting guidance requiring ongoing training.
Savills Investment Management LLP
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Savills Investment Management LLP disclosed greenhouse gas emissions of 164.6K tCO2e (2022). By scope: Scope 1: 1.8K tCO2e (2022); Scope 2: 31.3K tCO2e (2022); Scope 3: 131.4K tCO2e (2022). 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
164.6K tCO2e (2022)
2022
Water Usage
890.2K m3 (2022)
2022
Waste
19.6K tonnes (2022)
2022
Energy Use
521.9M kWh (2022)
2022
📊 Emissions by Scope (2022)
| 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). | 1.8K tCO2e (2022) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 31.3K tCO2e (2022) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 131.4K tCO2e (2022) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- 5GWh of renewable energy generated on-site across the portfolio in 2022 (63% increase from 2021), surpassing the 2030 target.
- 69% decrease in electricity required from the grid at Veghal – Udea BV HQ in the Netherlands after solar panel installation.
- Improved EPC ratings at Cathedral Hill, UK, from mainly C and D to A or A+ after retrofitting.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Invest £500m in inclusive housing and places by 2025.
- Achieve 15% increase in biodiversity and green space across portfolio by 2025.
- Collect 75% actual data from AuM by 2025.
📅 Medium-term
- Generate 10GWh of renewable energy on-site by 2040.
- Achieve Net Zero Whole Life Carbon portfolio by 2040.
- 50% of AUM powered by renewable energy by 2030.
🔭 Long-term
- Become a restorative business by 2050.
- Generate 20GWh of renewable energy on-site by 2050.
- 100% of AUM powered by renewable energy by 2040.
🌱 ESG Focus Areas
Climate ActionPeopleNature