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Octopus Real Estate care homes to be net zero by 2030

22 Nov 2021 By Octopus Real Estate

Octopus Real Estate is committed to ensure that our UK care homes strategy is operated in a way to minimise its carbon emissions.

The nature of our strategy allows carbon production to be monitored throughout the asset’s lifecycle. Through careful analysis of the current levels of emissions, we are committing to the following:

New construction projects

We will take steps to introduce additional measures to reduce embodied carbon in the construction process with immediate effect, and after 2030, all newly developed assets will be net zero, with residual emissions offset via high quality carbon sequestration projects.

Existing portfolio

In the short term, we will continue work to ensure the assets are operated in the most energy efficient way. Working with our tenants, we will be aiming to minimise gas usage in homes as well as switching to green tariffs and direct renewable sources on site. Our strategy will target a reduction in the portfolio’s carbon emissions aligned with the Science Based Targets by 2030 compared with the 2020 baseline, and a net zero position by 2040 on all assets.

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