Firm declares ‘climate emergency’ and commits to removing more carbon than it produces
Gerald Eve has declared a ‘climate emergency’ and pledged to being ‘carbon negative’ by 2030, as part of an ambitious commitment to help fight climate change.
The firm will remove more carbon from the atmosphere than it produces by the end of the decade, following major names including Microsoft in making such a pledge. It is the first in the UK real estate sector to declare a ‘climate emergency’ and commit to such an ambitious target.
The new approach, which was signed off by the Board at its March meeting, will apply to all the firm’s operational and advisory activities. An action plan detailing precise measures to achieve the target will be published in the autumn, supported by annual reviews to gauge progress. The commitment forms a key part of the firm’s Our Shared Future Framework and one of its nine strategic goals to reduce its environmental impact and to support its people and clients on their own journeys.
Simon Prichard, senior partner at Gerald Eve, said: “Real estate is central to the challenge of decarbonisation, and our ‘carbon negative’ pledge shows both the seriousness with which we take this issue and the optimism we hold for what can be achieved with radical thinking. Through our own actions and the advice we give to clients we all have a role in the fight against climate change, and this pledge is part of our wider commitment to do all we can to play our part.”
Tom Marshall, sustainability lead at Gerald Eve, added: “Our declaration of a ‘climate emergency’ and subsequent commitment to being ‘carbon negative’ by 2030 demonstrates the seriousness with which we take the threat posed. Put simply, we choose to go beyond ‘net zero’ because it is the right thing to do. Developing and implementing the action plan to achieve this target will not be easy, but we know that we have the tools to do something remarkable. This is a critical pillar of how we do business, and we look forward to sharing what we learn with our clients and the wider real estate sector along the way.”