Goodman CE confirms SBTi targets to reach net-zero emissions

As part of our ongoing commitment to driving sustainable change, Goodman Continental Europe (CE) has had its net-zero science-based greenhouse gas emissions targets for its European operations, approved by the Science Based Targets initiative (SBTi), in line with a 1.5°C trajectory.

The SBTi is a corporate climate action organisation that enables companies and financial institutions worldwide to play their part in combating the climate crisis. The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature that provides standards, tools and guidance.

Our official net-zero science-based targets include:

• Overall Net-Zero Target: Goodman CE commits to reach net-zero greenhouse gas emissions across the value chain by 2050.
• Near-Term Targets: Goodman CE commits to reduce absolute scope 1 and 2 GHG emissions 70% by 2030 from a 2019 base year. Goodman CE also commits to reduce scope 3 GHG emissions 55% per square meter within the same timeframe.
• Long-Term Targets: Goodman CE commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2019 base year. Goodman CE also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe. 

At Goodman CE, we want to be ambitious and we have performed detailed analysis to define our sustainability targets. However we also want to be realistic, therefore we have set them at 2050, as we rely on our supply chain, suppliers and partners to join us on the journey. If we want to avoid the worst effects of the climate crisis, we believe that we still need to work together to go further and faster, and we’re putting significant resources in place to do this.

That’s why we’re pushing the boundaries and developing ambitious sustainability projects across Europe such as Bremen GreenSpace+ ONE. This low carbon pilot development is focused on sustainability by reducing upfront embodied carbon emissions by 30 per cent compared with a standard build, through the innovative use of specially sourced lower carbon materials. We’re also supporting net zero operations for our customers by installing efficient appliances and generating onsite renewable energy.

It’s the first time Goodman is putting into practice all of its GreenSpace+ pillars in one project and these carbon reduction efforts are designed to help us achieve our scope 3 emission reduction targets. Our scope 3 emissions (indirect) represent more than 99% of our total emissions, which are generated during the construction of our buildings, from the energy usage by our customers, as well as sold products. 

Marie Maggiordomo, Head of Innovation & Sustainability at Goodman CE, said:
“We acknowledge our role in the global economy, which drives us to act responsibly to reduce our environmental impact and support the long-term viability of the communities we operate in, and our business.

“Our approach to sustainability focuses on collaborating with suppliers, partners, customers and local communities to push the boundaries of what’s possible. Our science-based targets have challenged us to find innovative ways to decarbonise our activities and now they’re confirmed, our team has clear direction on what to aim for.”

Our 2030 Sustainability Strategy is also helping shift our business into a resilient and low-carbon company. We’re focusing on the areas that will have the greatest impact and where we can collaborate with our stakeholders for combined influence.

By developing and managing a global portfolio of modern, high-quality and efficient industrial properties, we will continue to use our influence to make a meaningful difference to our people, customers, investors, community, and our planet.

Read more on our Science-based targets 
Read more about our sustainability initiatives in our 2023 Sustainability Report.