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Goodman Europe becomes world's first logistics real estate developer committed to aligning with a 1.5°C future with approval of Science-Based Target for scope 1, 2 and 3

Wednesday, 02 March 2022

Goodman Europe is the first logistics real estate developer to have its emission reduction targets approved by the Science-Based Target Initiative (SBTi) with a 1.5 degree target for its scope 1, 2 and 3 emissions.

 

SBTi


 


As part of Goodman Group’s global commitment to science based targets, Goodman Europe is the first entity to be approved with its pledge to reduce its absolute scope 1+2 greenhouse gas emissions by 70% by 2030, and its relative scope 3 emissions by 55%, from a 2019 base year.

About Goodman’s roadmap to a 1.5 degree future
Goodman’s carbon reduction strategy is to measure, reduce and offset. First, it measures to understand where and when emissions are occurring; next, it reduces them as much as possible using the SBTi methodology; and then finally Goodman offsets what’s left over –only if needed. Goodman will apply this methodology to reduce its greenhouse gases emissions with a focus on measurement and reduction activities

Goodman will place particular emphasis on the reduction phase to minimise net emissions. Reduction activities that contribute to Goodman’s target fulfilment include:

  • Increasing renewable energy use in its buildings 
  • Gradual phasing-out of natural gas in our properties
  • Engagement with customers on energy efficiency
  • Increased energy efficient measures such as efficient lighting and heating
  • Converting its vehicle fleet from combustion to electric
  • Use of low carbon materials 
  • Strong collaboration with the entire value chain – from suppliers to customers (e.g.: Green lease clause, suppliers ESG assessment with EcoVadis)

Goodman Europe’s SBTi pledge complements GreenSpace+, which is Goodman Europe’s  sustainability approach to provide its customers and investors with some of the most sustainable properties available. Goodman Europe is focused on building and operating circular, net-positive spaces at our properties and beyond.


Goodman Europe Science-Based Target initiative

Goodman Europe GreenSpace+ concept
Goodman Global sustainability strategy


About the Science-Based Target initiative
The Science-Based Target initiative (SBTi) mobilises companies to align their climate action with the latest climate science. Launched as a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), the SBTi sets a new gold standard for corporate sustainability in the 21st century.

Marie Maggiordomo, Head of Innovation & Sustainability at Goodman Europe, said: 
“There are multiple reasons we decided to join the Science-Based Target movement. The first and most important reason is that the SBT initiative is the most well-known and internationally-recognised methodology to show climate ambition — and to differentiate between greenwashing and real climate action.“

Organisations signed on to the SBTi are required to disclose company-wide emissions and track their progress annually — keeping them accountable to the pledges they communicate. Goodman Europe will do this as part of its contribution to the Goodman Group annual sustainability report which outlines the overall Goodman Group global sustainability strategy, company-wide targets and importantly, progress.