Savills is a Global Carbon Disclosure Leader

Savills has been commended by the international Carbon Disclosure Project (CDP) for its approach to the disclosure of climate change information.

As one of the world’s leading property advisers, Savills recognises the importance of demonstrating leadership on measuring, disclosing and being accountable for our environmental impacts. The CDP represents 551 institutional investors with over $70 trillion in assets under management worldwide.

It is used by an international audience to appraise the environmental credentials of participating companies and highlights those which have displayed the most professional approach to corporate governance regarding climate change information disclosure practices. Companies are scored on their climate change disclosure and high scores indicate good internal data management and understanding of climate change related issues affecting the company. Savills 2011 CDP Response was put together by the group’s London Head Office, with a significant amount of key data provided by the Savills Melbourne office.

Although Savills is relatively new to publicly disclosing its climate change strategies, the company did exceptionally well to have recorded the highest comparable score of any real estate service provider across key CDP indices in 2011. In fact, Savills was the only UK real estate adviser to be featured in the top ten of the FTSE350 Carbon Disclosure Leadership Index 2011, with this list comprising just 36 companies drawn from the FTSE 350. Our great result puts us alongside major international brands including Barclays, Royal Dutch Shell and Vodafone.

As noted by Savills Global CEO Jeremy Helsby: "Inclusion within the CDP Leadership Index is an important, independent endorsement of our corporate values and standards. Our vision to be the real estate adviser of choice must include being at the forefront of corporate governance regarding climate change".

Some of the strong points in Savills 2011 CDP submission include:

  • With more than 1.1 billion square feet of real estate managed worldwide in 2010, Savills has a considerable ability to influence large numbers of building owners, managers and tenants to reduce energy through our consultancy and project management services
  • The planning and implementation of emission reduction activities through behavioural changes, purchasing of low-energy appliances, reduction in business travel (due to increased use of video conferencing), and purchase of ‘green power’
  • Identifying climate change risks and opportunities associated with regulatory drivers, such as the pending Carbon Tax and the new Building Energy Efficiency Disclosure legislation
  • Identifying climate change risks and business continuity planning issues associated with extreme weather events, such as increased heat waves, rainfall and tropical cyclones, which may result in higher energy and insurance costs and reduced productivity levels
  • Articulating the financial implications associated with climate change risks and opportunities, along with the methods to mitigate the risks and the costs of actions

Savills is very pleased with its results in the 2011 CDP Response, but continues to look further afield to improve this important area of our business and enhancing our reputation as an international leader in corporate responsibility.