Corporate news

Committed to Net Zero

We are committed to acting on climate change and in 2022 we developed our net zero target to reduce our climate footprint ahead of the UK’s 2050 target.

Development

A four-stage roadmap

The plan outlines a four-stage roadmap to decarbonise our operations, supply chain and customer homes, reducing absolute emissions by at least 90%. This target was developed with the Carbon Trust in line with the requirements of the Science Based Targets initiative (SBTi) Corporate Net Zero Standard and has been submitted for validation by the SBTi, which the business expects to receive during 2023.

The net zero commitment builds on existing strong progress on climate change. We have reduced emissions intensity (scope 1 and 2) by 51% since 2013, and our environment strategy, launched in 2021, includes ambitious targets up to 2030 on climate change, nature and resources.

Development

Taylor Wimpey was the first developer in the UK to achieve the Carbon Trust Standard for Carbon. We received an A- rating in the latest CDP Climate Change benchmark, and are underway piloting technologies on-site including air source heat pumps, infrared heating, electric boilers, underfloor heating and triple glazing.

Key aspects of the plan include

  • Strong commitment to net zero: targeting net zero operations by 2035, a net zero value chain by 2045, and the roll-out of zero carbon ready homes from 2025 for which build trials are already underway
  • Science-led and third-party approved: science-based carbon reduction targets for scope 1, 2 and 3, aligned with a 1.5oC pathway (the most ambitious goal of the Paris Climate Agreement), as validated or submitted for validation by the Science Based Targets initiative (SBTi)
  • New quantitative approach to modelling supply chain emissions and in-depth analysis of the key constructions materials that drive the footprint, supported by expert climate consultancy the Carbon Trust
  • An approach to fostering collaboration and innovation: including for configuration of low carbon technologies, piloting low carbon materials and developing a strategy for neutralising residual emissions in a construction context
  • A commitment to contribute to a just transition which is as fair and inclusive as possible.