UK: Family-owned real estate investor and developer Lamington Group has released its latest ESG report, detailing progress made in 2022.
Lamington Group focuses on three main aspects when addressing sustainability within the company: net zero, circularity, and health and wellbeing. The report features progress made in 2022 across these three topics.
In summary, Scope 1 and 2 emissions decreased by 21 per cent compared to the 2019 baseline. The decrease in Scope 1 was due to electrification, switching to renewables and the company vehicle switching to electric. The decrease in Scope 2 emissions was mainly due to switching to renewable energy providers and grid decarbonisation.
Scope 3 emissions increased by 29 per cent. This can be attributed mostly to an increase in purchased goods and services and guest travel emissions. Additionally, room2 Chiswick experienced an increase in capital goods.
In 2022, the group also consumed around 24,644.93 cubic metres of water. This covers consumption from serviced apartments, Missionworks, Lamington’s head office, and room2 locations.
Overall, the company reduced its overall CO2 emissions and offset the differences between its reported and target CO2 emissions to achieve the PAS 2060 carbon neutrality accreditation for its Chiswick, Southampton and Hammersmith hometels.
Lamington’s environmental data and progress is audited annually and independently verified by a third party. Carbon emissions were calculated by BSI in accordance with ISO 14064-1:2018 (excluding guest travel emissions) at a 10 per cent materiality level and reasonable level of assurance.
The group aims to reach whole life net zero carbon for all new constructions in its hotel development pipeline from 2024 onwards, in alignment with both its net zero 2030 roadmap and the new UKGBC standard. Looking further ahead, the group is targeting 5000 keys by 2030.
Robert Godwin, CEO and Stuart Godwin, managing director of Lamington Group, said: “We are compelled to shine a light on our industry and call for action to decarbonise rapidly. With buildings accounting for 40 per cent of greenhouse gas emissions, the real estate sector – and the hospitality industry in particular – can no longer shirk its responsibility. Our hope is that our commitment to sustainability and our journey to net zero acts as a catalyst for the global hotel sector, showing the industry what can be achieved in tackling the defining challenge of our time.”
The full ESG 2022 report can be downloaded here.
