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At FPUK, we aim to become a champion of sustainability. The emphasis we place on the planet, people, and places that we influence resonates through our Environmental, Social and Governance commitments. The thought process and cultural identity that we have established lies at the core of FPUK’s Sustainability Strategy and which is further illustrated through our ‘Three Pillars of Sustainability’.
Understanding and respecting the relationship that we have with our world has become essential. The issue of climate change threatens our cities, water, food, and the very way we live our daily lives. It is important to identify the effective solutions that are required to address this ever-growing issue.
Our progress at a glance
* As of 31 August 2022
We established our sustainability strategy in 2018 which set out our targets and priorities up until 2030. The recent release of our Roadmap is in conjunction with this approach. The strategy mainly revolves around three pillars - Acting Progressively, Consuming Responsibly and Focusing on People. The strategy aligned with these pillars forms a multi-disciplinary approach that recognises 13 Environmental, Social and Governance focal areas.
Our commitments are as follows:
• Net Zero Carbon across the whole Portfolio by 2050
• Net Zero Carbon across all operational areas of control by 2030
• 61% reduction in Scope 1 & 2 emissions, and a 46% reduction in Scope 3 emissions by 2030 from our 2019/20 baseline.
• We have committed to aligning with the Task Force on Climate-Related Financial Disclosures (TCFD), publishing Science Based-Targets (SBTs).
• We have aligned ourselves with the 17 UN Sustainable Development Goals (SDGs) and have supported the Agenda for Sustainable Development since 2017.
Since 2018 a lot has changed. Customer expectations have heightened, our solutions have become more rigorous, and our results have improved year-on-year. The achievements FPUK has accomplished are as follows:
• Implemented a building data management system, 2019
• Automated utility data collection, 2019
• Implemented a sustainability due diligence checklist for acquisitions, 2020
• Included sustainability clauses in all new leases, 2020
• Implemented a Corporate Social Responsibility Policy and Responsible Sourcing Policy, 2020
• Implemented Biodiversity Improvement Plans, 2020
• Implemented a Health and Well-being Framework, 2020
• Provided sustainability training for all employees and stakeholders, 2021
Our future is looking more promising than ever before. Our strategy is successfully being implemented across our portfolio; we have an opportunity to look forward to the targets we aim to achieve. Our future ambitions can be seen as follows:
• Commence an occupier engagement programme on achieving net zero carbon, 2022
• Conduct energy modelling, costing and feasibility studies to compare boiler upgrades with heat pump technologies, 2022
• Continue the rollout rooftop solar PV programme, 2022-30
• Standardise a fabric first approach to new builds and refurbishments, 2023
• Develop a green procurement roadmap with suppliers and contractors, 2023
• Investigate options to develop our own carbon credits, 2024
• Continue green and sustainable financing options across our assets, 2024
• Pilot new passive strategies for heating and cooling, 2025 onwards
• Eliminate gas across new developments, 2025 onwards
• Investigate clean district heating networks, 2025 onwards
