Savills PLC

Common Name
Savills
Country
United Kingdom
Sector
Real Estate
Industry
Real Estate Services
Employees
40,267
Ticker
SVS
Exchange
LONDON STOCK EXCHANGE
Description
Savills plc is a leading real estate advisory company headquartered in London, United Kingdom. Specializing in providing a wide array of property services, Savills operates across the globe delivering...

Savills's GHG Emissions Data Preview

In 2023, Savills completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Savills has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Verified Sources Behind Savills’s Greenhouse Gas (GHG) Emissions Data

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a. Savills's Climate Change Strategy Report 2024
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Insights into Savills's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Savills amounted to 5,947 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Savills decreased by 10.97%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Savills's Scope 1 Emissions Over Time

2019202020212022202305001 k1.5 k2 ktCO2e+1%+4%-10%+13%
  • Total Scope 1
  • Year-over-Year Change

What are Savills's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Savills were 1,907 metric tons of CO₂ equivalent (tCO₂e). a

Has Savills reduced its Scope 1 emissions over time?

Since 2019, Savills's Scope 1 emissions have increased by 7.44%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Savills's Scope 1 emissions increased by 12.77%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Savills's Scope 2 emissions?

In 2023, Savills reported Scope 2 greenhouse gas (GHG) emissions of 4,040 tCO₂e using the market-based method. a

Has Savills reduced its Scope 2 emissions over time?

Since 2019, Savills's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 36.46%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Savills's Scope 2 emissions (Market-Based) fell by 19.02% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Savills use for Scope 2 reporting?

In 2023, Savills reported its Scope 2 emissions using the market-based method. a

Savills's Scope 2 Emissions Over Time

2019202020212022202302 k4 k6 k8 ktCO2e
  • Total Scope 2 Market-Based

Insights into Savills's Value Chain Emissions

In 2023, Savills reported 238,083 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Savills includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Savills's Scope 3 Emissions Over Time

2023060 k120 k180 k240 ktCO2e
  • Total Scope 3
  • Year-over-Year Change

What are Savills's Scope 3 emissions?

In 2023, Savills reported total Scope 3 emissions of 238,083 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 43.96% of these emissions originated from upstream activities such as purchased goods and capital goods, while 56.04% came from downstream activities like product use, distribution, and end-of-life treatment. a

What categories of Scope 3 emissions does Savills disclose?

In 2023, Savills reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Savills's Scope 3 emissions?

In 2023, the largest contributors to Savills's Scope 3 emissions were: a

  • Investments (Cat. 15): 133,421 tCO₂e (56.04%)
  • Purchased Goods and Services (Cat. 1): 51,918 tCO₂e (21.81%)
  • Employee Commuting (Cat. 7): 36,118 tCO₂e (15.17%)

Savills's Scope 3 Emissions by Categories

Investments(Cat. 15)(56.0%)Employee Commuting(Cat. 7)(15.2%)Purchased Goods andServices (Cat. 1)(21.8%)

Insights into Savills's Total Carbon Footprint

In 2023, Savills reported a total carbon footprint of 244,030 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3,553.14% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Savills's total carbon footprint was Scope 3 emissions, accounting for 97.56% of the company's total carbon footprint, followed by Scope 2 emissions at 1.66%. a

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