Climate

Savills plc maintains focus on delivering its commitment to achieving net zero for its operations (Scope 1 and 2) in 2030 and for its value chain (Scope 3) greenhouse gas (GHG) emissions by 2040.

Separately Savills has worked with the Science Based Targets initiative (SBTi) to validate near-term decarbonisation targets with as part of this, Savills being recognised by the Race to Zero and Business Ambition for 1.5°C campaigns. Savills near-term SBTi targets are:

• Savills plc commits to reduce absolute scope 1 and 2 GHG emissions 72% by 2030 from a 2019 base year.
• Savills plc also commits to reduce scope 3 GHG emissions from purchased goods and services 51.6% per million GBP of value added by 2030 from a 2022 base year.
• Savills plc further commits to reduce scope 3 GHG emissions from investments 51.6% per square meter within the same timeframe.

The UN set out Sustainable Development Goals (SDGs) for businesses around the world. We have aligned with 9 of the 17 UN SDGs that are the most relevant to our business, three of which come under our climate approach:

• Affordable & Clean Energy: We aim to maximise energy efficiency, utilise renewable energy tariffs, where available and possible, and work continuously towards net zero carbon targets globally
• Climate Action: Work continuously to reduce carbon emissions and disclose our progress against verified decarbonisation targets. We ensure the regular review of our climate related risks and maintain plans to mitigate these
• Responsible Consumption and Production: We seek to reduce our environmental impacts through active operational management and responsible procurement.

Our hard work is already paying off. During 2024, we had the following climate highlights:

• Received Science Based Targets initiative (SBTi) validation for our near-term Net Zero targets
• Scope 1 and 2 Greenhouse Gas emission targets remined on track with a reduction of 31.6% against the 2019 baseline
• The review of our supply chains commenced, targeting reduced Scope 3 emissions.
• We remain aligned to Task Force on Climate-related Financial Disclosures (TCFD), Carbon Disclosure Project (CDP), Financial Times Stock Exchange for Good (ftse4good) Index and Race To Zero Campaign.
• Electricity purchased from renewable sources in Savills office spaces increased to 48% in 2024 and 84 Green Building certifications are now in place at the offices
• Increased use of energy efficient LED lighting, for example, in North America, LED is now estimated to be in place for 62% of total office space
• 69 environmental events undertaken across our global office locations during the year

All of this was incredible to see, but we are determined to continue driving positive changes on our path to a resilient, sustainable transition.