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Share Name Share Symbol Market Type Share ISIN Share Description
Shaftesbury Plc LSE:SHB London Ordinary Share GB0007990962 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -9.00 -1.44% 616.00 614.00 616.00 639.00 614.00 639.00 1,575,690 16:35:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 112.7 -194.9 -52.0 - 2,367

Shaftesbury PLC Sustainability and Net Zero Carbon Commitment

11/11/2021 7:00am

UK Regulatory (RNS & others)


Shaftesbury (LSE:SHB)
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RNS Number : 0199S

Shaftesbury PLC

11 November 2021

Shaftesbury PLC

Sustainability and Net Zero Carbon Commitment

Sustainability and Net Zero Carbon commitment

Shaftesbury PLC ("Shaftesbury" or "The Group"), the Real Estate Investment Trust that owns a 16-acre portfolio in the heart of London's West End, today announces its Sustainability and Net Zero Carbon Commitments, together with the publication of its Net Zero Carbon Roadmap.

Together, these commitments and the roadmap set out the Group's priorities for addressing the climate change challenge and how we will continue to engage with and support our local community and other stakeholders to ensure Shaftesbury continues to be a responsible, sustainable business in the years ahead.

Sustainability governance

In view of the growing importance of sustainability across all aspects of the Group's activities, the Board has established a Sustainability Committee to oversee the evolution of our strategies, activities and progress on achieving our goals, encompassing both our roadmap to becoming a net zero carbon business by 2030 and wider sustainability commitments.

The Sustainability Committee will be chaired by Richard Akers, Senior Independent Director and initially includes Helena Coles, non-executive director, and Brian Bickell, CEO.

Brian Bickell, Chief Executive, commented:

"The commitment to sustainability is nothing new for Shaftesbury. Over many years, we have placed it at the core of our business, focusing our efforts on engaging with, and supporting our local community and reusing, repurposing and refurbishing our buildings. Improving energy efficiency across our portfolio, while minimising embodied carbon associated with new construction, future-proofs our West End heritage buildings and our business.

"The world is at the start of a critical decade for action on climate change. As a business, we feel a tremendous responsibility to play our part and help drive the reduction in carbon emissions, not only in our own business, but also by helping our occupiers play their part in achieving this goal. That is why we are setting ourselves the target of becoming a net zero carbon business by 2030 and achieving this for our own operations by 2025. The net zero carbon roadmap we have released today will be instrumental in helping us to achieve this."

Sustainability and Net Zero Carbon event

Shaftesbury will host an accompanying event for investors, analysts and stakeholders today, to present its Sustainability and Net Zero Carbon commitments and roadmap.

The event will be hosted by CEO, Brian Bickell, and Head of Sustainability, Matt Smith, at The Loft & Gallery, Mortimer House, 37-41 Mortimer St, London W1T 3JH, from 3pm to 5:30pm.

Please contact Charles Hirst at MHP Communications on 020 3128 8193 or email Shaftesbury@mhpc.com if you would like to register to attend

The Net Zero Carbon Roadmap will be available to download from the Group's corporate website at www.shaftesbury.co.uk from 7am. A recording and copy of the presentation will be available after the event.

No new material information or update on trading will be disclosed at the event. Shaftesbury will announce its results for the year ended 30 September 2021 on 30 November 2021.

11 November 2021

For further information:

 
 Shaftesbury PLC 020 7333 8118          RMS Partners 020 3735 6551 
  Brian Bickell, Chief Executive         Simon Courtenay 
  Chris Ward, Chief Financial Officer    simon.courtenay@rmspartners.co.uk 
  www.shaftesbury.co.uk 
 
                                          MHP Communications 020 3128 8193 
                                          Oliver Hughes/Rachel Farrington 
                                          Shaftesbury@mhpc.com 
 

Notes for editors

Shaftesbury is a Real Estate Investment Trust which invests exclusively in the liveliest parts of London's West End. Focused on hospitality and retail, our portfolio is clustered mainly in Carnaby, Seven Dials and Chinatown, but also includes substantial ownerships in East and West Covent Garden, Soho and Fitzrovia.

Extending to 16 acres, the portfolio comprises 1.1 million sq. ft of restaurants, cafés, pubs and shops, 0.4 million sq. ft. of offices and 0.4m sq. ft. of apartments. All our properties are close to the main West End Underground stations, and within ten minutes' walk of the two West End transport hubs for the Elizabeth Line, at Tottenham Court Road and Bond Street.

In addition, we have a 50% interest in the Longmartin joint venture, which has a long leasehold interest, extending to 1.9 acres, in St Martin's Courtyard in Covent Garden.

Our purpose

Our purpose is to contribute to the success of London's West End by curating lively and thriving villages where people live, work and visit. Our proven management strategy is to create and foster distinctive, attractive and prosperous locations. We have an experienced management team focused on delivering our long-term strategic objectives, ultimately to deliver a positive, long-lasting contribution to the West End.

Our values

The core values that are fundamental to our behaviour, decision making and the delivery both of our purpose and strategic objectives are: being human in how we operate, original in how we nurture talent and think, community minded in our approach to the West End, being responsible and long term in our approach to everything.

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