Embodied carbon is an increasingly material part of our climate impact. As operational emissions reduce, the carbon embedded in materials and construction becomes a bigger share of a building's lifetime footprint - and a growing focus for investors, regulators and customers. Our Embodied Carbon Framework gives us a consistent way to measure, manage and reduce these emissions across our developments.

Launched in February 2026 and developed with support from Slattery, the Framework provides a common approach across the Platform to set a carbon budget at concept stage, measure and reduce emissions through design, embed requirements into tender documentation and capture data through construction and post-completion. This enables more consistent carbon modelling, improved Scope 3 emissions reporting and clearer integration with our Sustainable Development Standards. The Framework also informs how we work with suppliers and design partners, with industry benchmarks and contract clauses supporting low-carbon material selection and design optimisation.

Together, the Framework and our Sustainable Development Standards help us deliver consistent approaches to developing and managing lower-carbon assets.