Vistry commits to “ambitious” carbon reduction targets

Sept. 3, 2021
<p>Vistry Group has announced its commitment to some “ambitious” carbon reduction targets for the business, with the housebuilder planning to incorporate sustainability criteria into its executive remuneration from next year.</p> <p>In an update on its sustainability strategy, the housebuilder said its targets were in line with the reductions required to limit global temperatures to an increase of 1.5°C. </p> <p>It is currently calculating the precise targets through approval by Science Based Targets Initiative (SBTI). Details will not be confirmed until 2022. But Vistry’s current calculations set the group’s targets at a 42% reduction in operational carbon emissions by 2030 against a 2020 baseline, and a 56% reduction in value chain emissions by 2030 against the same year.</p> <p>However, Vistry said it would adopt 2021 as its baseline, as this would be the first full operating year of the business in its current form following the merger of Bovis Homes with Linden Homes and Galliford Try Partnerships in January 2020. It is setting aside the “abnormal conditions” of 2020.</p> <p>Vistry also said it was due to hand over the first of 54 net zero regulated carbon emission homes, at Europa Way Triangle in Leamington Spa. These homes have improved insulation, air …

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