Cadogan sets net-zero emissions target for 2030
Property developer and investor Cadogan Estates has unveiled a set of sweeping sustainability targets to reduce waste and water usage alongside a headline commitment to reach net-zero emissions by 2030.
Cadogan’s new ten-year plan aims to deliver a positive and sustainable built environment across the 90-acre estate in Chelsea.
With the built environment accounting for 40% of global emissions, Cadogan is the latest firm in the sector to commit to net-zero ‘across its scope of influence’. The new strategy has been launched following local consultations with local residents and businesses.
Cadogan’s chief executive Hugh Seaborn said: “We take pride in the active role we play in shaping this remarkable neighbourhood. Although work on the Chelsea 2030 strategy began over two years ago now with an extensive community consultation, I feel it could not be launching at a more important time to ensure that we are contributing to a more sustainable future. It has never been more obvious that we must work together to build the city – and the quality of life – that we want for ourselves and our children.”
As part of the net-zero ambition, Cadogan has signed the Better Building Partnership Climate Change Commitment and has published a pathway to net-zero emissions. The pathway is expected to reduce emissions by 40% compared to 2019 levels. Offsetting will also be used to reach net-zero.
The company’s Chelsea 2030 Stewardship Strategy outlines 12 new targets across the CSR spectrum.
On waste, Cadogan has committed to send zero commercial, operational and non-hazardous construction waste to landfill and reuse or recycle at least 90% of commercial, operational and construction waste.
Additional targets include 80% of suppliers to deliver by zero-emission transport by 2030, all service bays and residential parking lots to have electric vehicle (EV) charging by 2025 and new developments to include EV charging by 2021. A reduction in absolute mains water consumption by 50% has also been set.
Cadogan’s sustainability manager and member of edie’s 30 Under 30 initiative Kate Neale said: “Chelsea 2030 strengthens Cadogan’s objectives to bring sustainability to the fore and contribute further to improving local quality of life. Our long-term commitment comes with a responsibility to ensure a positive contribution to Chelsea’s next chapter.
“This strategy provides a foundation we will continually build on and we look forward to reporting annually on progress to ensure the greatest benefit to the local community over the coming decade and beyond.”
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