St Modwen aims at net zero carbon

UK property developers St Modwen have announced plans to become net zero carbon by 2040. It also aims to be operationally net zero by 2025.

Chief finance and operations officer Rob Hudson said: “The world is changing, and there is a new business climate where purpose and profit are inextricably linked.

“Given our active role in the built environment, we take our wider responsibilities seriously and understand how important it is to put into practice strategies that place people and the planet at the heart of how we do business.

“We know that the environment, good working practices and the impact businesses have on society is front of mind amongst the full spectrum of our stakeholders.

St Modwen’s rail-connected Long Marston facility adjacent to Meon Vale Business Park, Warwickshire.

“This includes our colleagues, the partners we work with, the communities we serve and investors who are placing increasing emphasis on ESG in the global capital markets.

“We’ve identified much of what we need to do to meet our operationally net zero carbon 2025 ambition, including looking at every aspect of our business operations, from travel to energy sources.

“We are also focussing on the way we design, build and operate and deconstruct our buildings, as well as sourcing materials and products that will help us reach this target.”

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