41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 78
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THE UNITE GROUP PLC | Annual Report and Financial Statements 2022
TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES continued
We have c.£7 million of capital investment in energy efficiency planned for 2023, including LED lighting, air source heat
pumps and improved heating controls, and are exploring options to bring more of our purchased electricity under long-term
power purchase agreements to meaningfully decarbonise our energy supply.
Climate-related metrics are included in Company bonus and incentive schemes as set out in the Governance section of
this disclosure.
Our Scope 1, Scope 2, and Scope 3 greenhouse gas emissions, including comparison to prior years, are externally verified
to a reasonable level of assurance and are disclosed on pages 53–65. These disclosures include both absolute and relative
measures to aid comparability in our performance.
We review our performance against the metrics set out above on an ongoing basis as part of our business performance.
Investment into sustainability measures is made with reference to these metrics and our individual asset transition plans
have been developed to support our Net Zero Carbon Pathway. Should performance diverge from the required trajectory
to 2030, we will assess and potentially accelerate interventions required to deliver our Net Zero Carbon Pathway.
Cross industry, climate related metrics
TCFD Metric
Amount or reference
GHG Emissions
See page 61
Transition risks
20% of investment property portfolio EPC D rated or below
Physical risks
100% of investment property portfolio
Opportunities
100% of investment property portfolio
Capital deployment
£13 million in 2022, £100 million planned to 2030
Internal carbon prices
Not yet adopted
Remuneration
See remuneration report on pages 131–166
