Savills — full event log

On 12 March 2026 (post balance sheet) Savills signed definitive agreement to acquire Eastdil Secured Holdings, the global real estate investment bank, for total consideration US$921.25m (c.£685m), part cash and part shares. Completion expected Q2/Q3 2026.

sustainability_report p.234

Direct operational emissions (Scope 1&2) are addressed via energy audits, LED lighting retrofits, building management system optimisation and 110 Green Building certifications at Savills office locations. Scope 1&2 emissions reduced 37.4% vs 2019 baseline, on track for the 72% by 2030 SBTi target.

sustainability_report p.42

Savills Earth sustainability consultancy launched 16 new service lines in 2025 and procured 651,500 MWh of renewable energy for clients, delivered 101 Net Zero advisory projects/pathways, 44 climate risk assessments, 69 CRREM assessments, 94 Fitwel/WELL certifications, 75 LEED assessments, 205 BREEAM in Use certifications, advised on planting 2.1 million trees and supported 19.5GW of renewable energy projects. The 'Savills Carbon Pioneer' tool was launched for rapid early-stage net zero asset assessments.

sustainability_report p.44

Savills is transitioning owned and leased company cars from petrol/diesel to electric vehicles, particularly in Asia Pacific. Scope 3 Category 6 business travel emissions were 11,392 tCO2e in 2025. An EV salary sacrifice scheme with free charging point installation and cycle-to-work scheme address employee commuting (Cat 7: 34,887 tCO2e — the largest non-IM Scope 3 category).

sustainability_report p.65

Cat 1 purchased goods (84,023 tCO2e — largest upstream category) is the focus of a supplier engagement programme. In 2025 Savills engaged with over 42% of corporate suppliers by spend (140 companies) via a third-party portal to share decarbonisation plans. SBTi target: 51.6% reduction in procurement emissions intensity per £m value added by 2030 from 2022 baseline. Currently 3.7% above baseline due to factor updates; verification of supplier data underway to incorporate actuals.

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Savills aligns its Group business strategy with 9 UN Sustainable Development Goals: SDG 3 (Good Health & Well-Being), SDG 4 (Quality Education), SDG 5 (Gender Equality), SDG 7 (Affordable & Clean Energy), SDG 8 (Decent Work and Economic Growth), SDG 11 (Sustainable Cities and Communities), SDG 12 (Responsible Consumption and Production), SDG 13 (Climate Action), and SDG 15 (Life On Land).

sustainability_report p.1

Cat 15 financed emissions from Savills IM discretionary AUM (75,960 tCO2e in 2025) reduced 14% from 2024 and 18.2% from 2022 baseline (target: 51.6% reduction per sq m by 2030). 'Manage to Green' programmes such as Friedrichs-Carree in Stuttgart target 54% carbon and 60% operating cost reductions. Cloud-based HVAC optimisation has been the widest-spread initiative. Climate resilience assessments inform potential divestment of high physical-risk assets as last resort.

sustainability_report p.61

During 2025 the Group switched its procurement emission factor dataset from Exiobase to Small World Consulting (SWC_MRIO v3.0) due to greater detail and regular updates. This resulted in a rebaselining and 5% decrease of 2022 Scope 3 emissions but does not affect SBTi targets or progress.

sustainability_report p.64

Savills is increasing renewable electricity procurement through certified green tariffs: UK 88% of office electricity, CEME 88%, Savills IM 74%, Asia Pacific 24%, and a single Chicago office in North America. Total renewable share of electricity rose to 57% in 2025 from 48% in 2024. Target is 100% renewable electricity by 2030 for offices where available. Also investing in LED retrofits — UK 66% LED coverage, North America 72%, CEME 85%.

sustainability_report p.42

In 2025 Savills CDP score improved to A- (from B in 2024), reflecting enhanced climate disclosure and management. Not on the CDP A List but close.

sustainability_report p.7

In December 2025 the Group acquired an initial 70% interest in Alpina, a mechanical and electrical engineering consultancy in Singapore, for £22.4m cash, with options to increase to 100% by 2030. Provides integrated Facilities Management capability.

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On 31 March 2025 acquired Osborne King, a commercial property agency in Northern Ireland. On 1 August 2025 acquired Richard L. Hoffman & Associates and Compustall Services in the US (relocation management consulting). Combined consideration £7.5m cash.

sustainability_report p.222

Savills' Net Zero Transition Plan emphasises absolute emissions reductions rather than offsetting. A shadow internal price on carbon is under consideration; for TCFD costing purposes an assumed carbon offset cost of £150 per tonne CO2e at 2030 is used. The Group does not yet disclose a removals portfolio (DAC/BECCS/biochar) — offsets are treated as a residual mitigation tool against the 2030/2040 Net Zero targets validated by SBTi.

sustainability_report p.62

In response to challenging market conditions the Group implemented additional restructuring initiatives during 2025, particularly within the German business and in Mainland China, recognising £30.5m of restructuring costs (2024: £17.2m).

sustainability_report p.5

The Group set a strategic target to improve the underlying profit before tax margin of its Transaction Advisory businesses to 10%+ (from 4.9% in 2025) over the medium term, supported by building out Real Estate Investment Banking (REIB) capability.

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Savills supports UN Global Compact, UN Declaration of Human Rights and ILO Core Conventions. Publishes annual Modern Slavery Statement. Speak-up confidential reporting facility globally.

sustainability_report p.52

The Group is targeting an improvement in the margin of its Investment Management business to 20%+ (2025: 14.7%) over the medium term.

sustainability_report p.18

The Scope 3 downstream emissions for all years have been restated; historically used data from previous reporting period to report current year due to lags in data collection for Savills IM AUM. Now able to report for current year using current year data and benchmarks via Deepki ESG Index.

sustainability_report p.57

Engaged Grant Thornton UK LLP to provide independent limited assurance over selected Scope 1 and 2 GHG data using ISAE 3000 (Revised) and ISAE 3410.

sustainability_report p.57

Acquired Verbier Hospitality SA (Switzerland), Situu Limited (UK flexible office advisory), increased Riviera Estates SAS shareholding to 75% (France), PMCC Actus Sdn Bhd (Malaysia project management), additional 20% of LCA Core Sdn Bhd (Malaysia logistics consultancy), and Medasil Desarrollos S.L (Spain residential property management).

sustainability_report p.240

In 2024 Savills received SBTi validation for near-term Net Zero targets: 72% absolute reduction in Scope 1&2 by 2030 from 2019 baseline; 51.6% reduction in Scope 3 from purchased goods and services per million GBP value added by 2030 from 2022 baseline; 51.6% reduction in Scope 3 from investments per square meter by 2030. Also targets Net Zero Scope 1&2 by 2030 and Scope 3 by 2040.

sustainability_report p.43

Savills IM revised the discretionary AUM definition used for the science-based target to exclude funds that will no longer be under management in 2030 (those in liquidation or scheduled to wind-down). Prior year Scope 3 downstream data restated using actual energy consumption where available.

sustainability_report p.65

Employee commuting is the largest scope 3 category at 9,847 tCO2e in 2024 (up 3% YoY). Addressed through EV salary sacrifice scheme with free home charging point installation, cycle-to-work scheme, and a car-sharing database initiated by Sustainability Enablers.

sustainability_report p.9

Savills plc has SBTi-approved targets to reduce absolute scope 1 and 2 GHG emissions by 72% by 2030 from a 2019 base year, and to reduce scope 3 GHG emissions from purchased goods and services by 51.6% per million GBP of value added by 2030 from a 2022 base year.

sustainability_report p.8

Savills plc commits to net zero for scopes 1, 2 and 3 by 2040. Savills UK separately working toward operational net zero (scope 1 & 2) by 2030 via the WGBC Net Zero Carbon Buildings Commitment.

sustainability_report p.3

UK emissions data now includes those associated with Jersey and Guernsey activities, which has resulted in restatements of prior-year scope 1 & 2 figures.

sustainability_report p.27

Savills UK Sustainability Strategy aligns with nine SDGs identified as most material: SDG 3 (Good Health and Wellbeing), 4 (Quality Education), 5 (Gender Equality), 7 (Affordable and Clean Energy), 8 (Decent Work and Economic Growth), 11 (Sustainable Cities and Communities), 12 (Responsible Consumption and Production), 13 (Climate Action), 15 (Life on Land).

sustainability_report p.4

112 of UK offices (92%) and 10 of 18 divisions are certified to ISO 14001, an increase of five offices and two divisions compared with 2023.

sustainability_report p.11

Global Occupier Services, Development Services, Rural & Projects and Building Project Consultancy teams certified to ISO 45001, covering 50 multidisciplinary offices.

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Savills UK and subsidiaries are recognised service providers with the Living Wage Foundation, meaning all colleagues are paid at least the real living wage.

sustainability_report p.17

Launched a new service line specialising in water efficiency advisory and asset-level water strategies. Internal target to measure and benchmark water usage by 2024.

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Scope 1 and 2 GHG emissions are verified by an independent third party.

sustainability_report p.8

Savills UK procures green electricity tariffs where available. Directly procured electricity tariffs continue to be entirely supplied by green or REGO-backed energy. A small number of landlord-procured supplies remain in non-renewable contracts. In 2024, 88% of electricity was supplied by green or REGO-backed renewable electricity tariffs; the firm is working collaboratively with landlords to transition remaining supplies by the end of 2026.

sustainability_report p.8

Savills states that its priority to date has been decarbonising, with offsetting or carbon credits considered a last resort as it nears its respective targets. No specific removals technologies (DAC, BECCS, biochar) or volumes are disclosed for 2024.

sustainability_report p.9

Company vehicles targeted to be fully electric by the end of 2027. Current EV share is 37%. Employees also offered an EV salary sacrifice scheme (launched 2024 with free home charging point installation) and cycle to work scheme to encourage low-carbon commutes.

sustainability_report p.9

Prioritising energy saving and efficiency: 2,500 desks transitioned from dual to single curved monitors with plug-in laptops, reducing per-desk energy consumption by 46%. Commissioned 50 decarbonisation surveys across the office portfolio. AMR meters being installed across offices with completion expected in 2025. Recent Guildford refurbishment included loft insulation, double-glazing, LED lighting on PIR sensors.

sustainability_report p.8

Business Travel Policy follows a sustainable travel hierarchy prioritising walking, public transport and car sharing over flights, communicated to divisions through annual sustainability objectives. Scope 3 business travel emissions fell 29% YoY to 3,061 tCO2e in 2024.

sustainability_report p.9

In February 2024, Savills received SBTi validation for near-term Net Zero targets: (1) reduce absolute Scope 1 and 2 GHG emissions by 72% by 2030 from a 2019 base year; (2) reduce Scope 3 GHG emissions from purchased goods and services by 51.6% per million GBP of value added by 2030 from a 2022 base year; (3) reduce Scope 3 GHG emissions from assets held under discretionary mandates within Savills IM funds by 51.6% per square meter within the same timeframe.

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ESG strategy aligned to nine UN Sustainable Development Goals: SDG 3 (Good Health & Well-Being), 4 (Quality Education), 5 (Gender Equality), 7 (Affordable & Clean Energy), 8 (Decent Work and Economic Growth), 11 (Sustainable Cities and Communities), 12 (Responsible Consumption and Production), 13 (Climate Action), 15 (Life on Land).

sustainability_report p.39

On 12 August 2024, the Group increased its shareholding in Savills Property Services (India) Private Limited from a 19.5% investment to a 55% owned subsidiary, leading to first-time consolidation of Savills India from August 2024.

sustainability_report p.239

Scope 3 AUM emissions target: 51.6% reduction per m² GIA by 2030 from 2022 baseline. Performance: 14.5% reduction achieved (27.47 kg CO2e/m² vs 32.13 baseline). Net Zero Carbon audits underway at client fund and asset level. EU Taxonomy aligned adaptation plans being prepared for higher-risk assets. Toolkit being developed using Better Buildings Partnership guidance. Where adaptations not feasible, divestment is last-resort option.

sustainability_report p.59

Targeting purchased goods & services emissions via the Savills plc Responsible Supplier Charter, which establishes shared sustainability standards. In 2024 engaged a third-party supply chain partner to gather emissions data from key suppliers. SBTi target: reduce scope 3 purchased goods emissions by 51.6% per million GBP of value added by 2030 (vs. 2022 base year).

sustainability_report p.9

84 Green Building certifications now held at office locations worldwide, covering BREEAM, WELL, LEED, Energy Star and equivalents. ISO14001 extension in UK certified a further 9 offices (112 offices and 10 divisions fully certified). ISO14001 also in place in Poland, Ireland; Spain Arquitectura business achieved ISO14001 and rolling out across business with ISO50001, ISO9001, ISO27001.

sustainability_report p.43

Committed to including green lease provisions in material new office leases and renewals whenever possible. Successful in incorporating several improvements towards decarbonisation efforts through this process in 2024. All new office leases or extensions require sign-off from a Sustainability perspective as well as financial.

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Corporate supply chain represents ~20% of Scope 3 emissions. Group Responsible Supplier Charter launched in November 2024. Engaging top suppliers by spend across Principal Businesses to sign up to third-party supplier portal and submit company carbon emissions. SBTi target to reduce Scope 3 GHG emissions from purchased goods and services by 51.6% per £m value added by 2030 from 2022 baseline; current performance is a 1.4% increase against this intensity metric.

sustainability_report p.43

In February 2024, Savills had near-term science-based carbon reduction targets validated by SBTi: 72% reduction in absolute Scope 1 and 2 GHG emissions by 2030 from a 2019 base year; 51.6% reduction in Scope 3 GHG emissions from purchased goods and services per million GBP of value added by 2030 from a 2022 base year; 51.6% reduction in Scope 3 GHG emissions from investments per square meter within the same timeframe.

sustainability_report p.39

Transitioning company-owned and leased vehicles from petrol/diesel to EV where infrastructure allows. In CEME 11% (51 of 448) are EV and 42% are EV/hybrid; UK 37% of vehicles are EV; Australia, New Zealand, Korea and Taiwan use mostly hybrid vehicles; Singapore ~40% of leased vehicles are EV; Savills IM 14% leased vehicles EV. North America has no company-owned/leased vehicles. UK employee EV purchase benefit scheme extended to full employee base.

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LED lighting coverage progressing across portfolio: UK lighting surveys underway across 50 offices with LED requirement built into fit-out guidance; Savills IM estimates 64% of office space uses LEDs; North America 62% of total office space; 8 of 12 Asia Pacific countries use 100% LED in main offices; CEME 79% of occupied floor area estimated to have LED coverage. Seven Savills IM offices completed Net Zero Carbon audits during 2024.

sustainability_report p.43

Savills does not have an active carbon removals programme; instead the Group focuses on absolute reduction first and intends offsetting to address residual emissions at the 2030 endpoint. A shadow internal carbon price is under consideration; for TCFD risk mitigation costing the assumed cost of carbon offsets at 2030 was £150 per tonne of CO2e. No durable removals (DAC/BECCS/biochar) are disclosed.

sustainability_report p.66

Savills procures certified renewable energy tariffs where available. In the UK, renewable electricity tariffs account for 88% of supplies; CEME 53% of electricity in offices now has a green tariff (up from 38% in 2023); Savills IM has green tariffs covering 87% of electricity consumption. Green tariffs are generally unavailable across markets in Asia Pacific, with around 8% of electricity supplied via green tariffs. Overall 48% of total energy purchased was from renewable sources in 2024 (40% in 2023).

sustainability_report p.41

The restructuring programme that commenced in 2023 continued into 2024 to ensure market recovery assumptions remained valid. Group recognised restructuring costs of £17.2m in the year (2023: £13.9m), with approximately £3.5m carried over to Q1 2025. Action predominantly in Savills Investment Management and operations in China, Germany and France.

sustainability_report p.7

Savills Hong Kong became a signatory of both the Racial Diversity & Inclusion Charter for Employers and the Good Employer Charter 2024 and Savills France, Savills Germany, and Savills Netherlands signed country Diversity Charters.

sustainability_report p.8

PC standby energy cards rolled out across London, Wimborne, Glasgow, Edinburgh, Perth and Winchester offices. Launched Sustainability Resources Hub for all staff with modules on corporate sustainability, building certifications and net zero — 34% of employees trained in sustainability in 2023. Network of 150 Sustainability Enablers cascades messaging across offices.

sustainability_report p.8

All future office fit-outs follow sustainability fit-out guidelines (e.g. BREEAM refurbishment). New leases consistent with the Savills Green Lease Guide where possible. 10 of 38 CEME offices hold green building certifications with 4 more in progress. London HQ holds BREEAM certification; multiple regional offices hold LEED, WELL, BEAM Plus, CASBEE, NABERS, Green Mark certifications.

sustainability_report p.41

Savills IM AUM emissions of 133,421 tCO2e represent 56% of Scope 3. SBTi-validated target to reduce Scope 3 GHG from investments 51.6% per square meter by 2030 from 2022 baseline. Many fund assets are 'full repairing and insuring' leases, limiting direct intervention. Savills IM has set objective to collect actual energy data from 75% of AUM by 2025. Example: Cathedral Hill industrial estate retrofit delivered net zero operational emissions via PV panels, Tesla batteries, saving 100 tonnes CO2e/year.

sustainability_report p.62

Savills Earth advised on 19.3 GW of in-development and operational renewable energy projects, 2.3 GW of energy storage including 0.7 GW of hydrogen, and 0.78 GW of demand connections including EV charging. Provided 26 client sustainability strategies and acted as sustainability advisor on 22 further projects. Launched new service lines: Climate risk and resilience, Savills GreenFit, Savills Environmental Exchange, Grid Consultancy, Sustainable Master-planning.

sustainability_report p.44

Scope 1 and 2 GHG emissions verified by an independent third party.

sustainability_report p.8

Savills plc committed to achieving net zero for its operations (Scope 1 and 2) in 2030 and for its value chain (Scope 3) greenhouse gas emissions by 2040.

sustainability_report p.41

The Group's ESG strategy is aligned with nine of the 17 UN Sustainable Development Goals: SDG 3 (Good Health & Well-Being), 4 (Quality Education), 5 (Gender Equality), 7 (Affordable & Clean Energy), 8 (Decent Work and Economic Growth), 11 (Sustainable Cities and Communities), 12 (Responsible Consumption and Production), 13 (Climate Action), 15 (Life on Land).

sustainability_report p.66

In 2023, Savills undertook its third assessment of Scope 3 emissions, maintaining the expanded scope from 2022 covering all regions and Savills IM's discretionary AUM. Scope 3 upstream emissions grew 6.3% vs 2022 due to improved data collection particularly for business travel.

sustainability_report p.69

Grant Thornton UK LLP provided independent limited assurance over selected GHG data (Scope 1, Scope 2 market and location-based, total energy use) using ISAE 3000 (Revised) and ISAE 3410 standards.

sustainability_report p.71

On 27 November 2023, the Group acquired 100% of the equity interest in Nash Bond, a leading UK retail agency and lease consultancy business for £7.0m.

sustainability_report p.223

Selective restructuring of certain transactional and related support teams resulted in one-off costs of £13.9m being incurred in response to challenging market conditions.

sustainability_report p.7

Achieved FTSE4Good rating of 3.5/5 and a Carbon Disclosure Project (CDP) B rating from 2023 surveys.

sustainability_report p.40

Savills UK has signed up to the Race at Work Charter to improve outcomes for Black, Asian and Minority Ethnic employees, and is committed to being a 'Valuable 500' business pledging to be more inclusive in terms of disability.

sustainability_report p.52

Savills increased renewable energy tariffs in 2023: UK renewable electricity tariffs reached 88% (2022: 83%) with green gas tariffs at 91% of UK leased office spaces. CEME has 12 of 38 offices on green tariffs. North America plans 100% green energy backed by RECs at the NY HQ in 2024 (25% already sourced). Savills IM offices in Paris, Frankfurt, Hamburg, Munich, Milan, Warsaw and Stockholm now use renewables to some extent. Constrained in Asia where green tariffs are generally unavailable.

sustainability_report p.42

Savills Earth advised clients on the planting of 2,816,950 trees across England and Scotland in 2023 and conducted 180+ carbon audits in the food and farming sector. Advised on 100,000+ acres of land for natural capital and nature restoration projects. The firm does not appear to retire removal credits in its own inventory; net zero plans currently focus on absolute reduction with offsetting still under development as costed transition plans evolve.

sustainability_report p.44

22 of 38 CEME offices now have full LED solutions (80% of occupied floor area, up from 17 in 2022). 9 of 12 Asia Pacific countries close to 100% LED. 87% of North America office space now in accredited energy-efficient buildings. UK installed 41 Automatic Meter Reading meters in 2023 covering c.40% of office portfolio.

sustainability_report p.42

In CEME, EV proportion now 10% and hybrid 30% of vehicle fleet. Fuel vehicles decreased 13% in 2023. Savills committed to transitioning all company and leased cars away from petrol and diesel to low emission vehicles prior to 2028.

sustainability_report p.42

UK launched a new Business Travel Policy integrated within Savills UK sustainability targets. China has green travel guidance focused on using high-speed train instead of planes where appropriate. Business travel emissions were 10,127 tCO2e in 2023 (Scope 3 cat 6).

sustainability_report p.43

Savills Plc near-term decarbonisation targets approved by SBTi: reduce absolute Scope 1+2 emissions 72% by 2030 vs 2019 base year; reduce Scope 3 (purchased goods and services) emissions 51.6% per million GBP value added by 2030 vs 2022 base year.

sustainability_report p.8

Savills UK working toward operational net zero carbon by 2030 in accordance with World Green Building Council's Net Zero Carbon Buildings Commitment, covering Scope 1 and 2 emissions.

sustainability_report p.8

Savills procures green or REGO-backed energy across UK offices. In 2023, 88% of electricity and 92% of gas was supplied by green or REGO backed tariffs. Directly procured electricity tariffs are now entirely supplied by green or REGO backed energy; remaining gaps relate to landlord-procured supplies still in brown contracts. 100% green electricity and 100% green gas across UK workspaces are formal 2023 targets.

sustainability_report p.8

Benchmarked office energy in 2023 and audited the 6 highest energy-intensity offices. Removed 1,700 desk telephones replaced with Teams Voice (saving energy equivalent to powering 4 homes per year), and continued transition from PCs to plug-in laptops reducing per-desk consumption by 46%. Installed 46 smart electricity/gas meters across UK office space.

sustainability_report p.8

UK Business Travel Policy follows a sustainable travel hierarchy promoting lower-carbon transport. Savills continues to offer Cycle to Work and Electric Vehicle (EV) schemes for staff.

sustainability_report p.8

Scope 3 emissions totalled 32,415 tCO2e in 2023, the largest emission source. SBTi-validated Scope 3 target: reduce purchased goods and services emissions 51.6% per £m value added by 2030 from a 2022 base year.

sustainability_report p.8

Office fit-out guide embeds circular economy principles — reused chairs and desk bases at Reading office move; donated £10,000 of old furniture to 13 schools, 1 scouts org and 1 local charity. ISO 14001 EMS retained across 107 offices and 10 divisions. Targets include 75% waste recycled and 25% paper reduction vs 2019 by 2023.

sustainability_report p.9

Savills Earth has issued Net Zero Pathway strategies for more than 1,100 client assets in 2022 and joined the UK Net Zero Carbon Buildings Task Group to standardise embodied and operational carbon metrics for the built environment. This is the firm's principal lever for influencing downstream/value-chain emissions in the real estate sector.

sustainability_report p.10

Savills UK's Greenhouse Gas (GHG) data was 3rd party verified for the first time during 2022.

sustainability_report p.8

Savills frames net zero as 'reducing emissions as much as possible and changing to renewable energy sources. However, where there are residual emissions which cannot be removed or reduced, these are often offset.' Through Savills Earth, the firm advised clients on 1 megatonne of carbon storage and 400,000 tonnes of rural carbon reduction in 2022, including 36,000 acres of peatland restoration and over 2,500 acres of new tree planting — but no own-account removals volume is disclosed.

sustainability_report p.10

Savills UK conducted 9 detailed, 33 high-level and 112 desk-based energy audits across its office portfolio in 2022. It transitioned 1,126 desks from PC+two-screen setups to single-screen + plug-in laptops, cutting energy use at those desks by 46%. Timeclocks installed on 81 shop-front offices, comms-room cooling temperatures optimised, and an Automatic Meter Read (AMR) project launched for real-time monitoring.

sustainability_report p.8

A sustainable travel hierarchy has been integrated into the Savills UK Travel Policy, with employees offered Cycle to Work and EV schemes. Scope 3 emissions (the firm's largest scope) are disclosed at PLC level rather than UK level.

sustainability_report p.8

Where more accurate energy data was received, restatements were made to the 2021 absolute performance measures.

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During 2022, Savills UK achieved ISO 45001 Occupational Health and Safety certification in 52 of its offices.

sustainability_report p.13

Savills UK maintains certified Living Wage Employer status.

sustainability_report p.14

Some Savills UK offices are supplied by landlord-procured energy outside Savills' direct control. The firm is actively encouraging landlords to switch to green tariffs to help close the gap to its 100% green energy goal by end of 2023.

sustainability_report p.8

Following the energy hierarchy, Savills UK focuses first on reducing consumption and then procuring green and REGO-backed electricity and gas tariffs. In 2022, 83% of electricity and 76% of gas supplies were green or REGO-backed. A core deliverable is to reach 100% green tariffs across all offices by end of 2023; the firm is also encouraging landlords on indirectly-procured supplies to switch.

sustainability_report p.8

In 2022, Savills PLC joined the Race to Zero campaign and the Science Based Targets Initiative (SBTi), committing the entire Savills Group, including the UK, to net zero carbon for all three emission scopes by 2040, with operational (scope 1&2) net zero by 2030 in line with WorldGBC.

sustainability_report p.3

Savills aligns its sustainability strategy to the 9 most material UN SDGs: 3 (Good Health), 4 (Quality Education), 5 (Gender Equality), 7 (Affordable & Clean Energy), 8 (Decent Work), 11 (Sustainable Cities), 12 (Responsible Consumption), 13 (Climate Action), 15 (Life on Land). 28 UK SMART targets underpin them.

sustainability_report p.4

Savills UK retains an Environmental Management System certified to ISO 14001 in 107 of its offices.

sustainability_report p.9

Savills UK plans to transition away from internal combustion engine company-owned vehicles as it approaches its 2030 operational net zero target. The Cambridge office already operates electric pool cars for viewings, and Cycle to Work and EV employee schemes are in place.

sustainability_report p.8

Savills advocates industry transformation through advisory work, promoting refurbishment over new development (highlighted at COP26 Cadworks events). Manchester office refurb diverted 99.47% of materials from landfill (saving 3,329 kgCO2e). Research paper 'Real Estate and the Carbon Challenge' published at COP26 estimates £330bn cost for UK residential decarbonisation to EPC C by 2035.

sustainability_report p.10

108 of Savills' offices hold ISO 14001 environmental management system certification, externally audited on environmental risks.

sustainability_report p.7

Display lighting equipment is being upgraded with automatic timers across UK sites. Energy-saving policies have been installed on 9,485 IT devices. 108 offices hold ISO 14001 certification with externally audited environmental management plans. Scope 1 & 2 emissions fell 44.5% vs 2018 baseline, 11.8% vs 2020, to 1,128 tCO2e in 2021.

sustainability_report p.7

Savills created the Environmental Exchange (SEE) to match landowners with approved offset sites for developers needing 10% biodiversity net gain under the 2023 Environment Act. The firm does not disclose durable removal purchases (DAC/BECCS); approach is nature-based offsets via tree planting (3,000 trees with the Tree Council in 2021) and land-based biodiversity uplift.

sustainability_report p.8

In 2021, Savills measured Scope 3 emissions for the first time, acknowledging that most GHG emissions come from Scope 3 sources. Absolute value not disclosed in this highlights report.

sustainability_report p.7

Reports alignment with SDGs 3 (Health & Wellbeing), 4 (Quality Education), 5 (Gender Equality), 7 (Affordable & Clean Energy), 8 (Decent Work), 11 (Sustainable Cities), 12 (Responsible Consumption), 13 (Climate Action), 15 (Life on Land).

sustainability_report p.4

Partnered with the Tree Council as Jubilee Partners in support of The Queen's Green Canopy initiative; planted 3,000 trees in Oxfordshire in December 2021. Also created Savills Environmental Exchange to match developers needing biodiversity net gain with landowners offering offset sites.

sustainability_report p.9

Published 2021 Gender and ethnicity pay gap report in March 2022; pay gap slightly widened vs 2020. Targets: 25% female directors by 2023 (21% in 2021); apprentice gender ratio 50:50 (currently 42% female/58% male). Maintained Level 2 Disability Confident Employer.

sustainability_report p.16

Savills commits to procure only green tariffs for its offices by 2023 as part of the Net Zero Pathway. Under the Scope 2 'market-based' method, no emissions are accounted for electricity supplies backed with Renewable Energy Guarantees of Origin (REGOs); residual mixes are used for remaining consumption. Energy audits and optimisations continue across areas of direct control.

sustainability_report p.7

Scope 1 covers fuel combustion in offices plus Savills UK owned/leased vehicle business travel ('grey fleet'). The firm reports 'considerable reductions in business travel' with many meetings remaining virtual post-COVID. Scope 1 fell from 643 tCO2e (2018) to 390 tCO2e (2021).

sustainability_report p.7

Committed to 25% reduction in paper consumption by 2023 vs 2019 baseline; exceeded with 71% reduction in 2021 (a further 6% vs 2020). Divisions are removing paper brochures and some have set targets to go fully paperless.

sustainability_report p.7

Savills Earth brings together 100+ sustainability, energy and engineering specialists. In 2021 the energy team advised clients on 23GW of proposed and operational renewable energy capacity plus 1.1GW of demand capacity. Completed 23 BREEAM In-Use assessments, supported 8 new client ESG strategies, and managed 20+ GRESB submissions.

sustainability_report p.8

Savills UK published its Net Zero Pathway in 2021, committing to operational (Scope 1 & 2) net zero by 2030 per WorldGBC guidance, including green tariff procurement by 2023. Group-level Savills PLC joined Race to Zero with SBTi-aligned Scope 1/2/3 net zero target by 2040.

sustainability_report p.7

The Savills Earth consultancy group, with 85+ environmental, social and energy consultants, advises clients on sustainability and decarbonisation. In 2020 they delivered a 2.6MW solar project for AEW, advised on the largest solar installation in Wales, helped Liverpool Council create a net-zero plan, supported 13 clients in GRESB benchmarking, and deployed SavIQ software to manage 99 properties quarterly across 6 clients.

sustainability_report p.7

Paper use reduced by approximately 65% in calendar year 2020 compared to 2019. The firm continues to focus on reducing general waste volume and maximising recycling, though recycling rates dipped in 2020 due to COVID hygiene/contamination protocols.

sustainability_report p.6

Notes to the GHG table state: 'Where we have received more accurate energy data we have made restatements to the 2020 absolute performance measures.'

sustainability_report p.18

Previously reported emissions intensity per FTE office-based employee. In 2020, due to COVID flexible working, switched to two new metrics: Scope 1+2 market-based per group revenue, and Scope 1+2 location-based per square metre of office floor area.

sustainability_report p.12

Scope 1 emissions from Group-owned/leased vehicles and office fuel combustion fell from 643 tCO2e (2018) to 339 tCO2e (2020). Reported business travel emissions dropped from 133.86 tCO2e in 2019 to 27.00 tCO2e in 2020 (-79.8%), heavily influenced by COVID restrictions. The Norfolk office piloted commute-footprint tracking encouraging walking, running, cycling.

sustainability_report p.12

The majority of UK offices are certified to ISO 14001. 31 offices invested in more efficient appliances and technology in 2020. Improvements include LED and motion-activated lighting. Total UK energy use fell from 11,071 MWh (2018) to 8,307 MWh (2020).

sustainability_report p.6

Savills' forestry teams helped facilitate the planting of over 5 million trees as part of UK woodland creation projects in 2020. Natural capital audits were undertaken on over 34,000 acres of land for private and institutional landowners. The report's glossary defines offsetting as a residual measure after reductions, but no specific durable removal volumes (DAC/BECCS) are disclosed.

sustainability_report p.4

Savills purchases 85% of its UK office electricity and 45% of gas from green tariffs, with a target of 100% coverage. Under Scope 2 market-based accounting, no emissions are attributed to electricity backed by Renewable Energy Guarantees of Origin (REGOs). The firm has also installed LED lighting, motion-activated lighting and EV charge points. Savills Earth advised on the largest solar installation in Wales and approximately 9GW of proposed/operational renewable and storage projects in 2020.

sustainability_report p.6

The 36% reduction in emissions vs 2018 baseline is partly attributable to temporary lowered office occupancy and increased homeworking during the COVID-19 pandemic, not solely to efficiency improvements.

sustainability_report p.2

Savills UK aligns its ESG strategy with 9 of the 17 UN Sustainable Development Goals: 3 (Good Health and Well-being), 4 (Quality Education), 5 (Gender Equality), 7 (Affordable and Clean Energy), 8 (Decent Work and Economic Growth), 11 (Sustainable Cities), 12 (Responsible Consumption), 13 (Climate Action), 15 (Life on Land).

sustainability_report p.2

In 2020 Savills UK committed to becoming a net-zero carbon business by 2030, covering Scope 1 and 2 emissions (company vehicles, office heating/lighting and purchased electricity).

sustainability_report p.2