- Limited market liquidity impacting transactions and price discovery
- Elevated interest rates and higher borrowing costs
- Increased reliance on occupiers' environmental ambitions due to longer lease lengths (LXi merger)
- Integration of LXi's externally managed business model
LondonMetric Property Plc
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, LondonMetric Property Plc disclosed greenhouse gas emissions of 199 tCO2e (Scope 1&2). By scope: Scope 1: 20 tCO2e; Scope 2: 172 tCO2e; Scope 3: 39.4K 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
199 tCO2e (Scope 1&2)
2024
Renewable Energy
97% (landlord electricity supplies)
of total energy
Energy Use
1.1K MWh
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). | 20 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 172 tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 39.4K tCO2e |
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 | 199 tCO2e (Scope 1&2) |
| 2022-01 to 2022-12 | 162 tCO2e (location-based), 103 tCO2e (market-based) |
| 2021-2022 | 40 tCO2e |
| 2020 | 72 tCO2e |
| 2018-04 to 2019-03 | 334 tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Improved GRESB score from 64 to 76, achieving a three-star rating
- Increased total installed solar PV capacity from 3.6 MWp to 7.6 MWp
- Added 25 EV charging points across the portfolio
- 85% of the portfolio has an EPC rating of A-C (91% excluding LXi assets)
- Undertook net zero audits across 2.9 million sq ft
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve Carbon Neutrality for Scope 1 and 2 emissions in calendar year 2024
- Improve EPC ratings, aiming for a minimum 'B' rating on new leases, regears, and refurbishments
📅 Medium-term
- Achieve Net Zero Carbon in operations by the end of 2025
- Increase renewable energy installations
🔭 Long-term
- Net Zero Carbon across the portfolio (target date to be reviewed)
🌱 ESG Focus Areas
Climate changeEnergy efficiencyRenewable energyOccupier engagementCommunity investmentEmployee wellbeingBoard diversity