Primary Climate Goal
British Land's target annual Scope 1 + 2 emissions for 2030 should be equal to 3.7 Kt = 51% * 7.6 Kt, according to the company's stated climate goal.
In order to achieve this goal, British Land would need to reduce its emissions at least by -0.42 Kt per annum over the period from 2022 to 2030:
-0.42 Kt = ( 3.7 Kt - 7.5 Kt ) / (2030 - 2021)
This translates into a -5.6% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
British Land aims to reduce Scope 1 + 2 by 51% by 2030 from a base year 2020
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
British Land reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 March 2021 at 7.5 Kt (-0.11 /-1.5% y-o-y). At the same time, carbon intensity was up at 13 t (+3.4/+36% y-o-y).
British Land's Scope 3 emissions plummeted to 664 Kt (
The company is committed to reducing Scope 1 + 2 by 51% by 2030 from a base year 2020, which translates into the estimated reduction of -0.42 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.