Unlocking a green revolution, the UK retail sector achieves a substantial reduction in carbon emissions, according to the latest report from ESG data intelligence platform Deepki. In 2023, retail leads the charge with an impressive 17.6% drop in average carbon emissions per real estate unit, making it the top performer among the six real estate sectors analyzed.
Housing follows closely, showcasing a commendable 13.2% decrease in average carbon emissions per unit. Notably, the hotel industry stands as an exception, observing a rise in average CO2 emissions. The report attributes this positive shift to a 2.86% reduction in average final energy consumption between 2022 and 2023, with the retail real estate sector leading the way with a remarkable 13.2% decline.
This eco-friendly transformation aligns with the environmental commitments of companies in the retail sector, evident in the opening of new fashion and beauty stores and strategic revamps. These initiatives are accompanied by detailed insights into emissions-reducing measures being implemented.
Lindsay Taylor, Head of UK Delivery at Deepki, expressed optimism, stating, “Our unique Index reflects detailed analysis, showing that various typologies across commercial real estate in the UK are actively embracing the journey to net zero.»
Taylor emphasized the effectiveness of energy-efficient measures, including enhanced insulation and optimized regulation of equipment such as lighting, heating, ventilation, and air conditioning. These efforts, tailored to usage patterns and seasonal fluctuations, contribute significantly to reducing carbon footprints, marking a pivotal step towards a sustainable future.
Explore the comprehensive Deepki report for insights into the UK retail sector’s impactful strides towards environmental sustainability in 2023.
