REG - Primary Health Props - Launch of Net Zero Carbon (“NZC”) Framework

Primary Health PropertiesAnnouncement

16/02/2022 07:15

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RNS Number : 7957B  Primary Health Properties PLC  16 February 2022

 
16 February 2022

Primary Health Properties PLC

("PHP", the "Group" or the "Company")

Launch of Net Zero Carbon ("NZC") Framework

 

Primary Health Properties PLC, one of the leading investors and developers of
flexible, modern primary healthcare accommodation across the UK and Ireland,
is pleased to announce the launch of the Group's Net Zero Carbon ("NZC")
Framework.

PHP is committed to transitioning to NZC across its operations and property
portfolio. We have set out below the five key steps to achieve an ambitious
target of being NZC by 2030 for all of PHP's operational, development and
asset management activities and to help our occupiers achieve NZC by 2040,
five years ahead of the NHS's target of becoming the world's first net zero
carbon national health system by 2045, and 10 years ahead of the UK and Irish
Governments' targets of 2050.

PHP has a strong commitment to responsible business and ESG matters to address
the key areas of the environment, social and governance issues that are
embedded into the Group's investment, development, asset management and
corporate activities. The Group realises the importance of its assets to the
local healthcare community, making it easier for GP, NHS and HSE occupiers to
deliver effective services.

PHP'S Net Zero Carbon Framework

 Year  Target                                                                          Intermediate actions being taken to achieve target
 2023  Operations to be net zero by 2023                                               ·   Assets where we have control and management will be NZC by 2023 with
                                                                                       all residual carbon offset through carefully selected projects which actively
                                                                                       take carbon out of the atmosphere

                                                                                       ·   Procuring 100% renewable electricity where available and PHP controls
                                                                                       the supply

                                                                                       ·   Continued reductions in the carbon footprint of all management and
                                                                                       head office activities with residual emissions offset annually
 2025  All new developments to be net zero by 2025                                     ·  Reduce carbon emissions associated with our development activities

                                                                                       ·   Benchmark embodied carbon and undertake whole life carbon assessment
                                                                                       for all new developments

                                                                                       ·  Align developments to supply chains that target minimising embodied
                                                                                       carbon and provide low carbon materials

                                                                                       ·  Offset the remaining carbon from our development activities including
                                                                                       embodied carbon of materials and fossil fuel energy consumed during
                                                                                       construction

                                                                                       ·  Continually review and embed NZC aligned operational and embodied carbon
                                                                                       performance targets in future designs
 2030  All properties to have an EPC rating of B or better and target improved energy  ·   Across the portfolio all properties to have an EPC rating of B or
       performance                                                                     better or are capable of achieving this when next refurbished

                                                                                       ·    Through our asset and property management activities, review and
                                                                                       continually reduce energy use intensity (kWh/m(2)) of our buildings through
                                                                                       upgrades to building fabric and systems replacing and improving energy
                                                                                       consuming features with technologies exhibiting high energy performance
                                                                                       credentials

                                                                                       ·    Offset the remaining carbon from our asset management activities
                                                                                       including embodied carbon of materials and fossil fuel energy consumed during
                                                                                       construction

                                                                                       ·   Collect and communicate energy performance data for all our occupiers,
                                                                                       including Display Energy Certificates ("DEC"), and help them to transition to
                                                                                       renewable electricity supplies and operate our buildings in the most energy
                                                                                       efficient way
 2035  All buildings to have achieved an 80% reduction in carbon footprint             ·     Continued energy demand reduction through upgrade and
                                                                                       refurbishment

                                                                                       ·     Increase the amount of renewable electricity we generate on our
                                                                                       sites such as solar and other renewables

                                                                                       ·     For existing properties that have gas heating we will replace
                                                                                       these systems with electric, heat pumps or other renewable alternatives
 2040  All buildings to be net zero by 2040                                            ·    Help occupiers to lease and operate our buildings to achieve a NZC
                                                                                       footprint in operation

                                                                                       ·    Offset any remaining occupier residual carbon from 2040 for all
                                                                                       properties where the lease was signed or renewed after 2035

                                                                                       ·      NZC achieved five years ahead of the NHS's target of 2045 and 10
                                                                                       years ahead of the UK and Irish Governments' targets of 2050

Further details on the Net Zero Carbon Framework will be available in the 2021
Annual Report and website.

Harry Hyman, Chief Executive Officer of Primary Health Properties, commented:

"We are delighted to be publishing alongside our results today PHP's Net Zero
Carbon ("NZC") Framework, an ambitious five-stage plan that will transition
the Group's portfolio to net zero by 2040. This roadmap demonstrates that the
Group's commitment to ensuring responsible business and sustainably are at the
heart of our investment, development, asset management and corporate
activities while making it easier for GP, NHS and HSE occupiers to deliver
effective services and to meet their own NZC targets."

ENDS

For further information contact:

 Harry Hyman                       Richard Howell

 Chief Executive Officer           Chief Financial Officer

 Tel: +44 (0) 20 7451 7050         Tel: +44 (0) 20 7104 5599

 David Rydell / Steph Whitmore / Tilly Abraham / Verity Parker
 

(Buchanan Communications)

 Tel: +44 (0) 20 7466 5000

 

 
 
 

Legal Entity Identifier: 213800Y5CJHXOATK7X11

 

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