- Scope 3 emissions from tenant operations (vast majority of total footprint).
- Improving EPC ratings of remaining 10% of units (D or below).
- Managing flood risk.
- Meeting Minimum Energy Efficiency Standards (MEES) requirements by 2030.
- Achieving SBTi aligned Scope 3 net zero target.
Urban Logistics REIT plc
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Urban Logistics REIT plc disclosed greenhouse gas emissions of 222 tCO2e (Scope 1 & 2). By scope: Scope 3: 22.4K tCO2e (estimated). 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
222 tCO2e (Scope 1 & 2)
2024
Energy Use
1.1M kWh
2024
📊 Emissions by Scope (2024)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 22.4K tCO2e (estimated) |
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 | 222 tCO2e (Scope 1 & 2) |
| 2022-04 to 2023-03 | 331 tCO2e/year (Scope 1 & 2) |
| 2021-04 to 2022-03 | 159 tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved operational net zero (Scope 1 and 2 emissions) in 2024 using high-quality offsets.
- Improved EPC ratings: over 60% of the portfolio rated A or B, up from 22% three years ago.
- Installed 1,199 kWp of new solar PV capacity, bringing the total to 1,595 kWp.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Improve all assets held for at least two years to an EPC of B by 2026 (two years ahead of MEES).
📅 Medium-term
- Achieve an installed capacity of 3MWp of solar PV power by 2028.
- Reduce carbon emissions from the portfolio on a per square metre basis by 2050.
🔭 Long-term
- SBTi aligned Scope 3 net zero target.
🌱 ESG Focus Areas
Climate ChangeEnergy EfficiencyBiodiversityGovernance