UK retail sector sees significant drop in carbon emissions

The UK retail sector has witnessed a boost in the environment front, as a recent report from ESG data intelligence platform Deepki reveals a substantial drop in carbon emissions during 2023.

Among the various real estate categories investigated, the retail sector leads with 17.6 per cent average reduction in carbon emissions per unit, outperforming other sectors like housing, which saw a 13.2 per cent decline.

The report attributes the decline in carbon emissions to a 2.86 per cent reduction in average final energy consumption between 2022 and 2023. The retail sector exhibited the most significant improvement, recording a remarkable 13.2 per cent drop in energy consumption.

Lindsay Taylor, Head of UK Delivery at Deepki, states “We have undertaken detailed analysis to create the only Index of its kind. The findings show that key typologies across commercial real estate in the UK are embracing the path to net zero and moving in the right direction. Measures that are being implemented to improve the carbon footprint of assets through greater energy efficiency are starting to pay dividends.”